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.