fuzzduzz
Member
imported post
We had a nice run up for about a month (mid oct. to mid nov.) and for the last month or so we have been consolidating ( in a trading range) The S&P has basicly been between 1246 - 1275. I am waiting to see if we break down out of this range or we turn up from the bottom of this range (as of this writing we are right near the bottom of the range) If we turn up I will go long if we break through the bottom I will go short in my personal accounts and either stay in the G fund or go into the F fund (if we break down) (C,S or I fund if we turn up) in my TSP. Right now I am 100% G fund (neutral) waiting for this market to tell me where to be.
As far as the "Funnymentals"
1. The yield curve doesn't look good.
2. New high/new low numbers are negative.
3. The A/D numbers are poor.
4. The NAZ, NDX and the SOX have been underperforming (not good if this market is gonna continue up)
5. Everyone seems to be bullish at year end (as usual)
All these things scare me alittle but as always I'll listen to what the charts tell me.
We had a nice run up for about a month (mid oct. to mid nov.) and for the last month or so we have been consolidating ( in a trading range) The S&P has basicly been between 1246 - 1275. I am waiting to see if we break down out of this range or we turn up from the bottom of this range (as of this writing we are right near the bottom of the range) If we turn up I will go long if we break through the bottom I will go short in my personal accounts and either stay in the G fund or go into the F fund (if we break down) (C,S or I fund if we turn up) in my TSP. Right now I am 100% G fund (neutral) waiting for this market to tell me where to be.
As far as the "Funnymentals"
1. The yield curve doesn't look good.
2. New high/new low numbers are negative.
3. The A/D numbers are poor.
4. The NAZ, NDX and the SOX have been underperforming (not good if this market is gonna continue up)
5. Everyone seems to be bullish at year end (as usual)
All these things scare me alittle but as always I'll listen to what the charts tell me.
