Today's holiday rally is pushing the S&P 500 up to the bottom of the bear flag again. We are also testing the 50-day EMA so this is the area where we thought any rally would run out of steam. So far it has not been able to push above the resistance but it is holding and it may need another day if it is going to break through.
Not surprisingly, this rally is coming on light "holiday" trading volume.
The Thrift Savings Plan will be closed on Monday, October 10th in observance of Columbus Day. Transactions that would have been processed Monday night (October 10th) will be processed Tuesday night (October 11th), at Tuesday's closing share prices.
The dangers of trying to pick a bottom are obvious in a bear market - but here's the problem with not trying to pick a bottom. Remember this time last year? Market pops on Sep 1 and the boat left without the bears. It wasn't until November that there was any real opportunity... unless you chased.
How to Link Your AutoTracker Account to Your Account Talk Thread
A little manual labor is needed on your part to link your AutoTracker Account to your Account Talk Thread. Here's how to do it:
1) Go to your Account Talk Thread (if you have one).
2) Make note of the thread number in the URL (link). It is the number to the right of the (?) question mark in the link
ATTENTION AutoTracker Members: I screwed up! I accidentally deleted our AutoTracker database while running the Friday COB updates. Backups are done each night so unfortunately that means all IFT’s done on Friday were deleted.
I need your help. If you made an IFT on Friday, I will need you to re-enter it. In the comments area, please post the date of your transfer (ex: COB 7/15) so that it does not get mixed in with Monday’s IFT’s (COB 7/18). I will change the IFT dates