It was a very quiet week last week with only 3 full trading days and one partial on Friday. So there really isn’t a lot to say this week but this. The Small Cap is moving and hopefully will continue this trend in the near future. A positive Monday will ensure that the Small Cap will be a monthly buy at the end of the day.
Got a little wedge working here and I think it will likely break to the upside soon.
The Small Cap had a very nice short week this week being up over 1%. It also has a nice little run going that is about 2 weeks running. We are almost back to 2014 levels and currently just barely over the current monthly ma buy level. A good day Monday ensures that it will be a monthly buy.
The International Index is just doing the sideways grind. I have absolutely no clue when or which way this index will break. Price is also currently at the exact level where prices ended in 2014.
Bonds has been making strides to recover recently, but still way below the monthly buy level. Prices are also below the 2014 levels.
Conclusion: Based on current levels, the C and S funds should be a monthly buy by the end of the day Monday. Sometimes the first trading day after Black Friday, the markets pull back because sales forecast do not look good for the Holiday season. One more day and we will find out.
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