Is it Up or Down?
saturneptune said:
The rally Friday is not to be trusted. The S and I fund are at record highs. The C fund is almost at a record high since TSP started the share system. The F fund has fizzled (as usual). Any thoughts on where to go from here?
If you are a long term investor it doesn't matter. But many on the board do play the TREND. The Trend is our friend and we can add or lose Capital playing weekly/daily moves. No one knows for sure, but I'll tell you what the TA's I follow are currently doing. THEY WERE ALL INCORRECT LAST WEEK EXCEPT MIKE BURK. You can read him weekly Free at
http://www.safehaven.com/index.cfm His take on next week is:
Except for stubbornly high downside volume the market appears to have little resistance to the upside.
I expect the major indices to be higher on Friday February 3 than they were on Friday January 27.
This report is free to anyone who wants it, so please tell your friends.
They can sign up at:
http://alphaim.net/signup.html
Last year his record for the year was slightly less than 50% and, unfortunately, worse than last years W25/L20/T6.
W=Wins L=Loses T=Ties
The other TA's I follow are positioned the following ways for Monday:
1 60% stocks 40% cash
1 100% cash
1 Shorting the S&P and Russell 2000 small caps: This Guy will get stopped out on the S&P 500 at 1285, and is already ( -1.7% ) on small caps.
1 shorting the DOW 50% 50% cash
Tom point's this out in his comments how hard it is to play short term moves when the short-term trend is unclear. Good Trading next week if your playing the short term trend and making daily/weekly moves... 100% in the G Fund for Monday. I do have long tem money in Vanguard that stays fully invested most of the time. Vanguard likes to keep you at 2 moves a year. The Funds I'm in are kicking butt, Emerging markets and Pacific Funds. I also like the Total Stock Market and Total International, all great Funds and at low cost.
