Monday I'm sure most of you saw the big revesal in the Stock Market based on the fact that Mr. Obama and all the important players said they thought they would be able to workout a deal by the end of the year. "Thought" here is a pretty big word considering you actually needs something in writting to make all this work.
With that little bit of news the buyers were hungry and actually drove the International Index through the CBL buy line and triggered the first buy signal of the 3 indexes. Tuesday was another up day for this index and it confirmed a second buy signal crossing the 50 day moving average. So with that information, today would be the day to jump in based on that information alone. Just the I-fund.
The Small Cap and S&P 500 have also had 2 up days and today it is slightly up but the Buy line has not been crossed on CBL and the 50 day on both indexes is still a percentage point or two away. I'm not ready to pull the trigger here but I would actually love to jump in.
So with the information that I have my charts on two indexes is saying to wait and one is saying to jump in. The markets will be closed Thursday and then open for business Friday and all next week. That leaves 6 trading days for Novemeber to make your last move of the month. So do we spend it just to get in the I-fund or wait for the other two indexes to give us a buy. I'm going to say to each his/her own. You could also make a move to the L-funds which would still give you some safety.
I-fund is a buy as of Tuesday, 11/20/12
C and S are a watch.
Happy Thanksgiving to all and good luck.
No comments:
Post a Comment