Ran my monthly analysis to see which mutual funds I should be in for my (2) 401Ks. Results are same as last month. The only two funds that popped up green were Fidelity Government Income Fund and PIMCO Real Retn Admin fund. No change. I remain in my allocation of cash, Fidelity Government Income and PIMCO Real Retn Admin, depending on each 401K choice.
The market is again at a crucial juncture. After the bounce last week, it is drawing in breath before trying to break through the previous high on 9/27. If it succeeds in doing that, then I would expect a pullback that would accomplish a higher low and another move up. Will that happen or will the market get run over by the bears who will use the bounce to take the market down another leg, deeper than the last one? No one really knows. The pundits will only guess. Half of them will be right and half wrong! The technicals still say down and my monthly system told me I needed to remain defensive in my 401K fund choices. That is all that matters.
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