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.
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