The sudden turn in the market has finally taken it’s toll on the S&P 500. It had been flirting back and forth on sell and resetting, then sell again. Thursday it fired a sell and Friday confirmed it. What is a little scary is that price almost took out the monthly sell level. So the C-fund is also a sell, but only on the daily chart. We still have 15 trading days before we make any moves using the monthly charts. A lot can happen bad and good in 3 weeks.
The Small Cap is in big trouble. We have reach the lows for 2014 and if that level breaks down, no telling where the bottom will be. The S-fund is a sell and if today was the end of the month, it would also be a sell there.
The I-fund is still a sell and still going down. Just ugly.
Bonds, the F-fund and G-fund are your only safe havens at this time.
Conclusion: Daily all funds except the G and F are a sell and in big trouble. All the L-funds except the L-income is in trouble. If you make your moves monthly, walk away and wait for three weeks and let’s see what happens. This is an ugly time. Total train wreck. This is also where the monthly charts can help you calm your nerves and make it easier to make decisions. I’m in until at least November 1.
Have a great weekend.
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