Scary market.

I’m not even in the market, well except for 30% bonds, and this market is looking more scary by the day. The S&P 500 / C-fund slipped back down into the channel that we broke out of last week. The Small Cap / S fund took a major beating and slipped well into the previous broken channel and just barely closed above the 50 day ma. The International Fund / I fund fell well into the previous channel and below the 50 day ma. This could just be a consolidation of last weeks gains, but to me it just looks scary. No direction.

Tomorrow the unemployment numbers come out and if they are good, this might make the market snap back up. But if these numbers are expected or below expected, I think the market might take another shot in the nuts. Either way, I will just stand outside and watch. I almost wish I was 100% G at this point.

Tomorrow and Saturday I will be out riding in Southern Virginia, so I may not post anything until Sunday. Be safe with your monies.