Wednesday, October 8, 2014

Medium term buy signal made this past week

Have not posted for a several months... busy, lazy, or just waiting for the 200 day moving average to be touched which I probably should not had concentrated too much on this summer. Because of the fear that the SP500 and the stock market will get a steep sell off toward the 200 DMAs had prevented me from being fully invested in the last medium term buy signal in early August. So I'm ignoring the 200 DMA for now this time as there is another buy signal made this past week. There could be one more retest down toward today's low in a week or two... or this could be THE bottom. Either way, coming out of October I expect the stock market to rally for the rest of the 4th quarter to new record highs in the SP500.

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