Every once in awhile in life, you hit a rut and no matter what you do it seems to turn against you. So here is my advice for you at this moment in time until it turns. Whatever move I make or suggest, do the opposite. This run or ut has been ruuning since September 2015. This last move was a true insult, but I will keep moving on and just make the best decisions I can. I will point out my last slap in the face when I talk about the C-fund / S&P 500. That aside, what a week for the first week of March. Does that mean we run from here? Short term it looks awesome. Looking at the weekly and monthly charts there is a lot of repair work to be done. Bonds? Let me just giggle and I will get to that in a bit.
A lot has happend here since I made my attempt to play a support level and got bounced out. Look at the chart closely and find the little green arrow. That was the day that I made the 100% C-fund move in. $1870 was that point. Look again at the chart and you will see a red arrow for my exit. Three days later the rip was on!!! Ouch!! So what did that cost me? 6.5%. Enough of the whinning! Right now the C-fund has been a daily buy since 2/26/16 and is still rolling. Volitility is down and DMI is showing an early trend change but strength is not there yet. Strength takes time. Price is closing in fast on the current monthly level, so I would expect a small consolidation pull back soon.
Small Cap has followed the market and the S&P 500 to a daily buy signal. B1 was the first indication that things were changing when price closed above the CBL buy line. B2 was a close above the 50 day moving average. All we needed at this point was follow through and hold above the 50 day ma. A daily buy signal was confirmed 3/2/16.
Who would have thought that the International fund would follow the trends of the S&P and Small Cap? But it did. All three indexes left me behind. One day after the Small Cap confirmed a buy signal, the International also confirmed a buy signal. So as of 3/3/16, the I-fund is a daily buy.
So since I’m currently 100% F-fund, what do you think happened this week? The F-fund fired a daily sell signal twice and currently is under a watch / warning.
Conclusion: Disgusted but it looks like things could finally be turning around. Maybe the bottom is in. Time will tell.
No comments:
Post a Comment