New Allocation: 75% C Fund, 25% G Fund
As I said in the last ALERT (read it here), I would consider increasing my position in the C fund with a strong close above the 50DMA. Prices have consolidated along this level for the past 4 days. I expect prices to go higher from here so the 50DMA should hold as support.
This is the second reallocation for the month of June but, even after 2 moves, you can always move to the G fund. This is one example of being on the right side of the 2 move per month rule.
I am looking for prices to make new all-time highs within the next 2-3 weeks. At that point, we will know which of the possibilities discussed in last weekend’s Sunday Update will unfold. IF prices do rise from here, I will be looking to lock in some of our recent gains at the 3000-3100 level.
The long term trend is still in question so, Stay Alert…