Trade alert: we are happy to let everyone know that we had confirmation today that the coast is clear and to go ahead and trade back to the C Fund on the TSP. The price value for the S&P 500 is up by 22.65 points for today and well above the simple moving average for the index at record high of 3191.45.
The MACD crossed over on Friday and today's gains confirmed the short term trend into the positive zone, so hopefully this indicates a possible Santa Claus rally might be underway.
Just to be sure, before we change over... wait for the first hour of trading before we commit to the trend as the market had been trading sideways and an increased divergence would be the defensive move we like to see by 10:30 with a gain of at least 12 points in the upward direction on the index (SPY).
Good returns everyone!
