We made another milestone today. There have only been
4-down days in the last month of trading for the S&P 500. That’s only happened 7-times in the last
7-years. The last time it occurred was
July of 2013 and the S&P 500 slipped about 4-5% afterward. Further, today looks like a blow-off top with
higher volume (+10% above the monthly average) and probably a good bit of short
covering. That has resulted in a statistically significant day in my system.
Considering my poor short-term trading recently, I am
taking a very conservative approach at this time with long-term funds. I don’t see that this is a major top, but one
never really knows.
TSP: 25% C-fund
(S&P 500)
75% G-Fund (Government securities fund)
