Greetings everyone. I stated last week the indicators that I look at pointed to indecision so I moved my money to the sidelines. I also stated that there was a 50/50 chance the market may rally. Well, it did. The S&P Index closed at 1117.51 on Friday. In hindsight it would have been great to get back in last week. But as I stated last week, when all factors do not align, the market could just as easily have dropped last week. It's all about probabilities. The good news is that this week everything is pointing up which indicates a high probability of a sustained up move during the next several weeks . Since the monthly arrow is still up (green) I'm moving back into mutual funds. I will continue to monitor the markets on a weekly basis because things are rather volatile right now.
FOR YOUR EDUCATION...Originally I had planned on unveiling the results of my weekly timing system in this week's article but life got in the way. I spent a lot of time at the hospital visiting my ailing father. Next week will hopefully be a little less hectic so I'll look to share more with you next Saturday. Have a great weekend and for all you Fathers out there...God's richest blessings.
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