October 1 2014 Market Update – Keep your powder dry

The overall technical model still shows a positive view on the S&P500 for the intermediate and long terms.  As you can also see, there are three resistance lines ranging in age from 1 to 5 years that have yet to be pierced. As the asset allocation page shows, it is still wise to remain in market index ETFs and funds.  No need to shift your assets to cash or bonds as a hedge for the intermediate or long term.

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