Small Cap update and a few notes.

I’m still here and I’m still watching. As of the close today, it appears the small-cap sell signal was a head fake. Now it appears that the small-cap is giving us a re-entry signal that must be confirmed Friday. You can see on the chart the uptrend was broken but now with the new pivot low and the break of the CBL line, a buy signal is there. Speaking of the uptrend line, if price closes above 828.00, then the uptrend line will have to be redrawn to the new pivot low. Why you may ask? Because at that point on the chart there is no way that a new pivot high will not be confirmed eventually, so uptrend continues. Tomorrow if price is up above 820.00 which is the reentry line, I will be reentering the small-cap fund. This will be a scary reentry point since price is bouncing off of highs. Below is the small-cap chart.

Tomorrow if the weekly trend continues it appears the S&P 500 will be making new highs once again. We never got an exit signal on the C fund, so we are still running. Trend looks good, CBL looks good, only thing that looks scary is the fact we are bouncing near the high’s. S&P 500 chart below.

The international fund made new highs today. The buy signal we got last week did appear to fail but now is looking better by the day. Tomorrow based on the entire stock market I may be entering the international fund also. To answer your thought, I did not take the buy signal the first time around. Below is the chart for the international fun.

Bond chart still looks good. The only thing that concerns me is that we did not recapture the 200 day moving average. The CBL has been moved up and is pretty tight at this point. I’m still holding my bond position today, but that could change tomorrow based on market conditions. Bond chart below.

I will do my best to post any moves by 11:30am tomorrow no matter whether I do make a move or not. It will all be based on market action. Currently the futures are indicating a lower open in the morning but I have seen that change to positive twice this week alone.