Originally Posted by
ravensfan
Decided to get back into the game today, but due to the craziness in the market and the time of year I'm only going in 50%. With that said, I submitted my first IFT for August to go 50% G Fund and 50% C Fund. I chose the C Fund because yesterdays closing price was below the 18 SMA as well as the 100 SMA and lately it has outperformed the S Fund. When prices fall like that, they typically fight to at least get back to the 18 SMA. In addition, Tom's Seasonality Chart has us in the sweet part of the month.
Other factors include the top 20 on the autotracker are beginning to move back into equities and yesterdays impressive run back up from the days lows tells me that China devaluing their currency has been absorbed by the market.
Well that's my reasoning, so good luck to all!!!
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