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.