401 k - made another new move at EOD
With the Dow closing near the key 10.4 mark - actually around 10,421, I moved a portion back to the long side.
when the DOw closed just below 10,550, I got the bounce I was looking for so I took profits off the table. Back to SA fund.
Like before, i.e., being constrained by EOD trading in 401K, this move may be premature, but I decided to act now due to the quick ascent.
I AM HOPING FOR A RETRACEMENT TO 10.4, THEN JUMP BACK IN.
Make no mistake: I do not believe that I can predict the daily or evenly weekly girations of Ms. market, but I see rising interest rates, higher than projected inflation numbers and higher energy costs as both short term and long term drags on the market and the economy.
Still h/n made the 529 contributions. I would like to see a situation play out over this spring/summer that would allow me to successfully delay making those contributions until this fall, i.e., at a nice lower number, but we'll have to continue to monitor. |
