Hello everyone
Doing some market analysis tonight…the main “headline issue” and great news is that today, 04/30/2013, the SP 500 index hit a historical, never before touched, all time high, closing (closing price is always better than intraday price activity) at 1597.57. See chart below with comments.
This month, the I-Fund has had some bursts of life, and April TSP data will possibly reflect the I-Fund as the April top performer, however this is not necessarily a reason to switch to I-Fund. This does however require that the I-Fund be monitored for continued positive performance and after everything is assessed, we can entertain a possible move. S-Fund and C-Fund are doing well also, and I am personally still 100% S-Fund.
I should add that the “general public” is still skittish about returning to stocks, however as this market uptrend (hopefully) continues, people are going to want some of the action and ease back into the market. At that point, the trend (as people enter the market, having been in the bleachers watching things…) will then likely grow even stronger.
Again, today witnessed great news, in the form of the historical all time high in the SP 500 Index. The occurred on slightly above average volume, I would have preferred a little more volume, but I will take what I can get right now.
I remain 100% S-Fund and will be monitoring the I-Fund.
Also, please see FAQ section as many have sent me some valid and great emails this month and I put some in that section.
Thanks for reading, and if you find this site and the updates useful or informative, please pass the word. Thank YOU
– Bill Pritchard
