A Picture is Worth a Thousand Words

I hate losing, I mean it burns to lose money even though I know my losses are always small, I still can’t stand it when they come.  However, that being said, having just taken some paper cuts due to this latest pullback I am reminded of what the system is capable off and what indeed I had previously scooped from the market.

In the above picture it shows actual trades from the system from August to Dec 2014.  It was an amazing ride at the end of the year and I am very grateful to Mr. Market for making Christmas all the more special in 2014.

So as I contemplate what comes next I can only draw upon my previous analysis.  My expectation is still 2100 on the S&P 500.  This latest Pullback should now be complete and I will be watching for further strength coming back to the market again in early January.  I will be looking to go long again from here as we head back to all-time highs.  I humbly ask…Bring on the bulls!

Market News:

U.S. stocks reversed mostly higher on Friday, with the S&P 500 halting a two-session losing streak, after economic reports showed manufacturing slowing but still in expansion mode at the end of 2014.

The Institute for Supply Management’s manufacturing index came in at 55.5 in December, below expectations of a decline to 57.6 from 58.7 in November; separately, construction spending dropped 0.3 percent in November, versus a projected 0.3 percent gain.

Scaling back from a 128-point surge, the Dow Jones Industrial Average fell as much as 91 points, and rose about 0.2 percent.

The S&P 500 also reversed course, lately up 0.1 percent, with consumer discretionary the greatest laggard and telecommunications faring the best of its 10 main industry groups.

The Nasdaq shed 0.1 percent.

Volume was light throughout the session with many traders taking a long weekend after the New Year’s Day holiday.

News Sources:  CNN Money & CNBC