Hi McQlives, Sorry to not respond sooner but I was not on earlier... I'm getting ready to look at daily charts now and will post later tonight. Yesterday I did look at Weekly charts. C fund is the best only because midpoint on Bollinger band has not yet started to slope down, but it is flat and in other respects its just not good. But that makes sense as it does represent the bluechip, biggest corps....more stable, etc and I've always heard its the last to drop. :worried:
S fund is definitely worse as it has started to slope down while I fund is the worst of all... it is sloped down and started that back in June. Both S and I fund closing weekly prices have closed below the Lower Bollinger band for the past few weeks while C has not done that. But C fund weekly is just slightly above the 50 SMA. Volume on C fund was very low this past week....where is everyone????? All this is clearly visible on a 3 year weekly chart. Ha...late last night, I watched the Grok Trade video that Nnutt posts on that thread. Wow... That guy is clearly stressing need for caution ...thinks it will go down more.
i have been using Bear market strategy for last couple months or at least trying. Trying to not do 100% entries so some money is safe, and trading with short quick entry/exits... But I do plan to still enter to try to make a little money but it will be riskier. For now, I will be waiting for new IFTs in NOV but dont plan to enter until after election..... If I entered before tgen, it would need to be a case where indicators /charts looked so good I couldn't resist!
Also, I would not be surprised if we had a jump up this week if earnings are great....lots of earnings from big guys this week...think Alphabet reports as well as lots of economic news and real GDP on Friday. But if we get great news and the market does not explode upward, I would then be much more weary of market...will see...
Best wishes to you and Everyone!!!!!!! :smile: