Well last weekend I had come to the conclusion that it would be best if I would just totally get out the market and run to the safety of G. I was going to do that Monday morning if things looked shaky, which they did, but before I could get my first break of the day it was to late. Tuesday we got a quick snap back up for a nice little recapture of some losses but the rest of the week was a disappointment. Tearing into my charts I came away with one major impression and that was consolidation. We are going sideways and when that breaks, we could go in either direction. So from this point forward if you are in the market it is a 100% gamble in which way it will turn.
Here are some things to think about. All of the good earning reports that we have had this week have done nothing to move the markets upward. We have had a very long run from mid-November to the 1st of April with no major correction. May is just around the corner and the last two May’s through September have been a stomach turning, gut wrenching affairs. So cashing in here, rolling into the G with a 9.87% year to date gain is the smart move. All if not all indexes have turned sideways.
So there you have it. I think the smart move is to run to G and if you stay in, your gambling. With all that said, every index is sitting right on it’s 50 day moving average and major support lines. So there is a chance that things may soon return to the positive. There is always that chance everyday the market opens, but I do not know if it is enough to sway me to stay in. Personally, I will likely watch the futures Sunday into Monday morning and make my final decision prior to leaving the house for work. I will post my decision by 9:45am Monday morning. Below you will see in sequence the S&P500, Small Cap, and International Index charts.
TSP Distribution: C-fund 50%, G-fund 25%, S-fund 25%
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