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.