Yesterday and today my TSP account reached new highs as did the Small Cap index and the S&P500. The International Index did make a move out of the Bull Flag and back into what looks like a return to the uptrend, but until it closes above $59.59 we will not know for sure.
So far 2013 has been very good to me and as of yesterday's close I'm up 7.17% and my TSP has added just over $50,000 to my account value. Tops? Do I feel the market is building a top? Very few items are pointing at a top. I trade personal stocks on the side for my amusement and even though I struggle with that aspect of the market, one thing has always held true for the last 2 years. Everytime the markets starts topping or becomes very volitale, my entire portfolio sells out because of stoploss orders. As of today I'm 100% invested with every available free penny that I got in play. Yes, it is my play money that I do not need for life essenstials. It would hurt my feelings to lose that money, but it would not sink my battleship. Second item is the Select Sector funds that anyone has access to here, are not giving any indication of a pullback. Then finally the indexes, S&P500, Small Cap, NASDQ, Dow30, and International, nothing is flagging for a pullback. Only the International flinched and it appears that it is returning to the uptrend.
With all the information in my charts and everything I said above, even I know eventually this thing is going to rollover. But when? No one knows and I hope that when that time comes, that it does it in a manner that allows me to see it. I hate violent price movements in either direction because it is very hard to react. But in conclusion, I have to wait until something gives before I make a move.
Below is a current chart of the EFA / International DAily chart and it shows the Bull Flag breakout and the $59.59 point marked that I feel we need to close above in order to prove that this index is ready to resume the uptrend. It boils down to pivot points!
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