JTH

Good morning



With a .45% intraday swing Wednesday held true to being a flat day typical of a Turn-around Tuesday recovery. Timing wise I still think the markets should pullback from here, but at the same time my market indicators that weigh overbought/oversold levels are not telling me we are due for a selloff, so it’s anyone’s game at this point. With the GDP numbers coming out this Friday, investors may either decide to step out or step in ahead of the numbers. With which direction I don’t know, but it could prove to be a market mover for today.



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Since Wednesday closed flat, I decided to measure the next day’s performance where the S&P 500 closed flat. Of these 552 events over the past 20 years, 51% of the next day closed between +/-.50% based off this, I’d expect this Thursday to close within this range.


Attachment 23509


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For Thursday’s average returns we have a positive bias. Please note I’ve reversed the axis so now it reads from left to right.

Attachment 23510



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The IFT Deadline vs. the EoD price action shows the 2^nd half of the day has a positive bias.


Attachment 23508


Since I decided to stay in the S-Fund, I trimmed the brokerage account as a way to hedge my positions and keep me motivated to finish the month invested.

Trade safe…Jason

---------------------DISCLAIMER--------------------
The majority of this data is based off the S&P 500's past prices, typically over the last 20 years. If this data does not come from the S&P 500, then I will state what index it is derived from, otherwise assume it is of the same source. While most of the data is computer generated, much of it is still done by hand and is therefore subject to the occasional human error. Past data does not guarantee future results! We are all grownups here so we should already know we are each individually responsible for our own accounts, so if it doesn't work out, it's your own fault. Occasional I get PMs from newer members, asking me what to do with their accounts, so here's my answer. Find out what DCA is then do it for a long time. In the meantime read, read, read, then practice what you read, then figure out where you screwed up, then start the process all over again.