New Allocation: 25%C Fund, 25%S Fund, 25%I Fund, 25%G Fund
I know the Alert that posted on Friday at 11:00AM didn’t leave a lot of time to make your own decision to reallocate. Honestly, I was not expecting to get back into the stock funds. If you asked me to look into my crystal ball, I’d have said that I expected the market to move lower, take out the 2700 level, and maybe find support down at 2615. All that changed at the open on Friday, and that’s why I don’t use a crystal ball to make decisions…
Rather than turning lower, the S&P500 (C fund) gapped up thru the down trend line and resistance at 2740. By 11:00AM, the breakout to the upside was undeniable. As long as we stay above the 2740 level, 2800 becomes the next upside resistance level, and then it’s on to the all time high at 2875!
If you have any questions, please hit me up in the comments, on FB or email.
Have a great week!