401 K update - made a move
Since some readings are saying that the mkt hasn't been this frothy in a bullish way since 2001, I figure it may be time for a sizable pull back. My 401 K trades, as most of you know, are tied to extreme overbought/oversold conditions. So far, this system has worked pretty well although there could be improvements. Anyway, based upon this data, I moved a nice portion from MidCap to SA fund. Now, ideally, I would love to see a 2 or 300 pt pullback w/i next week. Then, I would turnaround and reverse course, but we'll have to see how this plays out for now. If she d/n pullback here, and moves on to Dow 11K, then I will likely move the rest of the equities to bonds or stable assets.
From prior post
401 k - made yet another new move at EOD
With the Dow closing just under 10,300, I moved another slug from SA fund to the FA Fund.
I have one more big slug I could move, but I prefer to put on my rally cap at this point. |
