S&P 500 close January 31 2013

The market crisscrossed back and forth today fighting for 1500. The S&P 500 finished down 3 to 1498.  The bulls have been impressive; maintaining almost all of their gains for the month of January.  Tomorrow will be catalyst with the monthly jobs report due out.  Expectations are for an increase of 160,000 in nonfarm payroll jobs.  Short term is down a little but still in bull territory with the long term still gaining.

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S&P 500 close January 30 2013

The S&P 500 started near the highs of the day at 1510 and then retreated very slowly throughout the day to finish at 1501.  I would not really classify this as sell off,  just letting out a little steam.  I made no purchases today even though the index that my investment tracks the Russell 2000 was down more significantly.  The short term momentum indicator is now moving a little lower and the value metric now sits at 1489.  It will be interesting to see if we hold 1500 tomorrow.  If so we should reverse course and head higher pretty quickly.  Long term momentum still strong.

We are moving to stockmarketandi.com at the end of the month. Only one day left!

S&P 500 close January 29 2013

The stock market made a very light attempt to push back through 1500 and then climbed higher throughout the day.  It's been interesting to see the last week as the market has been able to move steadily higher as Apple took a vicious nose dive.  Even more interesting over the last two days as Apple has moved higher, it has somewhat negated the correction that the broader market was trying to put in.  Value average now sits at 1487 and the S&P 500 is 20 points above that.  I am losing a little faith that I will see a correction to buy.  But overall I am very happy with the performance of the market as we have moved higher.  Short term momentum is amazingly sideways and long term getting stronger.  I will update Market Returns later this evening.

We are moving to stockmarketandi.com in three days.  

S&P 500 close January 25 2013

Another good day by the market.  The S&P 500 started above 1500 sold off to 1496 and then climbed to finish at 1503.  We have come a long way really fast and a profit taking correction should still be in the offing.  The value average is up to 1480 so the profit taking would be pretty shallow.  Short term charts are still really choppy but long term outlook is good.  I am still have 20% of my portfolio in cash.  I am still hoping to catch a little downturn to add to my position, but the market has yet to give me a opportunity.

We are moving to stockmarketandi.com. We will continue to post in both locations until the end of January when we transition to the new site.

S&P 500 close January 23 2013

The market is slowing making its way to 1500.  We started slightly higher, sold off to 1490 and then rebounded to finish at 1495.  We are still tracking the same way over the last week.  We are at the high part of the price envelope and the value average has moved up to 1474.  We will probably test 1500 and then probably see some profit taking.  We have had a good run over the last few weeks and round numbers are a good place to take profits. 

We are moving to stockmarketandi.com shortly.  We will continue to dual post through January.

S&P 500 close January 18 2013

Well the bears gave it a try.  The stock market opened lower today, reached a low of 1476 and then rallied the back half of the day to finish up 5 at 1485.  We still are a little extended at these levels with the value average now sitting at 1466.  I did not add any positions today because I thought we would stay down modestly throughout the day, but that was not the case.  I am still looking for a little pull back to add to my positions.  Long term we still look real good with the long term indicators still going strong.  The market is closed on Monday for Martin Luther King Jr.

We are moving to www.stockmarketandi.com We will continue to post through the end of the month until we fully transition to the new site.

S&P 500 close January 17 2013

Strong day for the bulls as we got some lift after the recent consolidation.  The stock market started strong and then rallied to 1484 before finishing off the highs at 1481.  From here we may be getting a little ahead of ourselves.  The short term indicator for the S&P 500 is a bit weaker and the small sell off at the close suggests we may have topped off.  We may retreat a little from these levels as the value indicator tries to play catch up from its current 1463 level.  Long term still attractive, I may be buying on a dip with some of my cash.

We are moving to stockmarketandi.com at the end of the month.  We will dual post until the end of January until we fully transition to the new site.