401K Monthly Analysis – Change in Signal 31216
My monthly analysis is a week late. This is mainly because
we moved across the country with a new job and I have had numerous problems
with the internet and my personal laptop. And although this is my personal blog
on investing, I would still like to be consistent in posting the 401K Monthly
analysis during the first weekend of a new month.
The S&P 500 has given an exit short signal a few days
back. That means we can get back into our 401K funds if we wish to. I will be
soon starting a new 401K plan with my current company. The chart on SPY
represents where the overall market is and shows that for now we have seen a
short term bottom.
In my past employer’s 401K funds the strongest funds to put
money into are the Spartan 500 fund, the Fidelity Fund and Fidelity Growth
Strategies. Attached below are charts on the Spartan 500 and Fidelity Growth
Strategies. I am still cautious and will only invest a portion of my funds into
these and/or try to time my entries after a pull back.
Recently I had good success with short term trading NUGT
using end-of-day data and buying and selling using market limit orders. It is a leveraged Gold Miner's fund that moves very quickly, so one has to really pay attention to the technicals.
No comments:
Post a Comment