A 2 percent drop the last day of the month. Wow!! But before I go scaring any of you out of the markets, let’s look at the monthly charts and let the numbers make this easy.
Closing price is market and is above the purple line, which marks the 10 period moving average, so we stay in or buy C-fund.
As ugly as July and the last day of July was, the S-fund is still a hold if you’re in and buy if your out.
The International sure looks to be a major risk, but in the last 12 months, we have been here twice before. Will it explode up or crash? The I-fund is a hold or buy by the rule book.
Bonds are also safe, buy or hold.
So as bad as the markets have looked and as bad as the news has been and as bad as the rumbles of all your friends, the charts still say stay in. We have another 30 days to go before there will be any bailing out.
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