Thursday, January 31, 2013

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.

That's it.  We are done here..Please join us at

Wednesday, January 30, 2013

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 at the end of the month. Only one day left!

Tuesday, January 29, 2013

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 in three days.  

Friday, January 25, 2013

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

Wednesday, January 23, 2013

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 shortly.  We will continue to dual post through January.

Friday, January 18, 2013

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 We will continue to post through the end of the month until we fully transition to the new site.

Thursday, January 17, 2013

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

S&P 500 close January 16 2013

The slow march continues with the S&P 500  finishing basically flat at 1472.  The bears tried to take us down again early in the session but the market again rallied through the day to finish at breakeven.  This has been a slow trudge over the last week but we should get some lift from the value average once it reaches current price levels.  Currently it sits at 1460 and will continue to move higher.  Short term momentum is still pretty flat and long term is still moving up.  We should get some better movement in the market in a few days.  1468 has proven to be a more recent resistance level so that is my downside target if we begin to sell a little bit.

We are moving to the We will continue to dual post on both sites until the end of January when we transition to the new site.

Tuesday, January 15, 2013

S&P 500 close January 15 2012

A little more of the same.  The market opened weaker at 1464 and then rallied to finish at 1472, up 1.  The consolidation continues and the value zone is now at 1458.  This is the third push above 1470 in the last four days.  We may be able to hold this level. The lift in the S&P 500 has been impressive if for no other reason than Apple ($AAPL), the largest stock in the market weighted S&P, has been down noticeably. Short term momentum is flat and long term is steadily improving.

We are moving to .  We will dual post until the end of January when we transition to the new site.

Friday, January 11, 2013

S&P 500 close January 11 2013

Nice sideways action today as we continue to consolidate from the big move early in the year.  The stock market basically finished flat on the session with the Nasdaq and Dow Jones Industrials posting small gains.  Short term momentum is flat and the long term is still rising.  We are still significantly above the value zone of 1453 so this smaller move pattern may continue.

We are moving to  We will continue to post through the end of January at which time we will transition to the new site.

Thursday, January 10, 2013

S&P 500 January 10 2013

We are off and running.  The stock market opened higher, retreated to a short term resistance level of 1462 and then steadily climbed through the day to finish at 1472, up 11.  Both short term and long term momentum are moving more positively.  We are still above the value zone, which sits now at 1450.  Early in the day I thought we would continue you be choppy through the day and pretty much trade sideways.  This would allow the value area to move up and catch up to the market.  It seems for now the market is intent on pushing higher.

We are moving to  I will continue to post through January until we fully transition to the new site.

Wednesday, January 9, 2013

S&P 500 close 1/9

Pretty good start for the bulls.  The S&P 500 opened higher and held off a bear attempt to pull it under 1460 late in the day to finish at 1461.  There may be a continued consolidation at these levels as the value region continues to move up from its present level of 1448 and will help push the market up as it gets closer.  The short term momentum has lightened up with the smaller move.  Long term is still moving positive.

We are moving to  I will continue to post on both until the end of January when I transition over to the other site completely.

S&P 500 January 9 9:05am EST

Not much retrace and we are moving higher.  Time to go green.  Trade for TNA (Direxion Small Cap Fund) placed this morning.

Tuesday, January 8, 2013

S&P 500 close 1/8

A little better retreat today.  The stock market was down 4 points and was down as low as 9 early in the day.  I feel a little better about the bullish momentum slowing.  I did not buy today, but will monitor the market for an opportunity perhaps tomorrow.  Looking for something a little more, but may buy tomorrow if we swing strongly to the upside.  The market has consolidated nicely above 1450 so we may be headed up quickly.  Still yellow on investments. 

We will be moving soon to  We duplicate posts on both sites through January.

Monday, January 7, 2013

S&P 500 close 1/7

I think I maybe losing my window to buy.  The S&P 500 retreated early today by 9 points before rallying into the close and finishing at 1461. We have consolidated a little at these levels and I give it one more day before I throw in the towel for a value buy.  Long term and short momentum indicators are now both gaining bullish momentum and we have crossed into bull territory on the long term indicator.  I will watch the open very carefully tomorrow and perhaps make a decision.

Friday, January 4, 2013

S&P 500 close 1/4

Not the move I was hoping for, but not completely out of the question.  The market finished higher today by 7 points putting it above the high for 2012.  The momentum for the long term is good but short term is getting a little weaker.  I am still hopeful for a small correction so that I can purchase this market.  We are technically way overbought having the top of the value range at about 1439.  Again anything below 1450 would be ideal.  I do not mind waiting.  One of the cardinal rules of technicians is do not chase the market.

Thursday, January 3, 2013

S&P 500 close 1/3

A little retreat for the markets today but nothing substantial and nothing significant enough to put some money at work.  Still looking for a better entry point and hope to see one soon. Long term momentum is still improving but short term momentum looks to be topping out.  We are way above the value zone with the top of the zone being 1432.  I doubt I will see that number but something under 1450 would be nice.

Wednesday, January 2, 2013

S&P 500 close 1/2

What a difference 36 hours makes.  So we have a least a temporary solution to the cliff and the markets went on a tear.  The S&P 500 closed up 36 to finish at 1462,  just 3 points shy of the 2012 high. We have moved significantly in a very short period of time.  We are definitely green on the market indicator but I am going to hold back on the investment indicator until we get some sort of profit taking retrace.  However, once we break above 1462, we could really be off to the races.  Long term momentum has moved up strongly and the short term is also up.  However, I am going to wait for a correction and then get in.