It is the beginning of the month. Time to run my 401K analysis and look at the weekly charts. Quick glance through the charts show everything is pointed upwards with the exception of the Fidelity Government Income Fund which is meandering sideways to slightly down and same with the PIMCO Global Bond Fund. Rest is mostly equities and they are all enjoying the push from the markets climbing nicely over the last two months and throughout 2012.
The first Fidelity 401K fund I am in points towards Vanguard Explorer Admiral, Artisan Mid-Cap, Fidelity Mt Vernon Growth and Lazard Emerging Markets Equity as the top funds I should be in.
The second Fidelity 401K fund I am in says Royce Opportunity, WFA SPL Mid Cap VL, Fidelity Growth Strategies and Fidelity Blue Chip Growth have the strongest momentum.
I am long in my 401K strategies accordingly although I remain partially hedged due to my cautious nature.
Otherwise, I closed my position in Gold and Oil and took the profits of the table. I have covered rising gas prices for the next quarter with the profits made – value of the dynamic hedge as posted last week. I got a long signal for SNDK and went back long in it.
The market is at a resistance level and we shall see how it handles it. Normal expectation is for it to pull back, gather strength and then surge through in April. After that we shall see if we need to sell in May and go away.
The only thing we have to fear is fear itself-nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.
– Franklin DelanoRoosevelt
– Franklin Delano
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