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S & P 500 Index support levels
Posted on 6/4/12 at 7:31 am
Posted on 6/4/12 at 7:31 am
I wanted to make a fund transfer to the S & P Index fund from a cash fund within my 401K plan. I do not understand moving averages. Do I "buy in now?" I saw that the index was 1420 a month ago. Thanks.
2
Posted on 6/4/12 at 7:45 am to CharleyLake
Honestly, I think your best move would be to go checkout "A Random Walk Down Wall St" which talks about timing the market.
Posted on 6/4/12 at 8:33 am to CharleyLake
I'm not a big timing/technical guy, but I'm not confident at putting new money to work just yet...
But I'll give you a little technical info:
The S&P is below its 200 day moving average at 1284, but not by much. That is technically a bearish signal. If you wanted to put money to work on a technical basis, wait till we get a close above the 200 day moving average. Markets are beginning to get into oversold terrioritory, so I think any bounce we get is a technical based bounce and not on fundamentals.
But I'll give you a little technical info:
The S&P is below its 200 day moving average at 1284, but not by much. That is technically a bearish signal. If you wanted to put money to work on a technical basis, wait till we get a close above the 200 day moving average. Markets are beginning to get into oversold terrioritory, so I think any bounce we get is a technical based bounce and not on fundamentals.
Posted on 6/4/12 at 1:58 pm to The Easter Bunny
I read that book about 20 years ago. It helped me to get up to speed about basic retirement investing. I learned that a broker is first a salesman. I learned about 12-B1 fees, loads etc. I have all of my IRA's in no-load funds.
Posted on 6/4/12 at 2:10 pm to greenhead11
Thanks for the technical info. I will learn more.
With what seems to be quite a bit buying/selling with monthly job figures, and global tensions lately I am seeking to take advantage of the wild swings ahead in the market. I have been moving in and out of my company stock (PPG) with quite a bit of success for about three years. I keep about 50% of the account in the S & P index Fund in the 401K Plan. There is no fund transfer fees associated with this plan.
With what seems to be quite a bit buying/selling with monthly job figures, and global tensions lately I am seeking to take advantage of the wild swings ahead in the market. I have been moving in and out of my company stock (PPG) with quite a bit of success for about three years. I keep about 50% of the account in the S & P index Fund in the 401K Plan. There is no fund transfer fees associated with this plan.
Posted on 6/4/12 at 6:20 pm to CharleyLake
Can you dollar cost average (i.e. multiple fund transfers) into the index fund over a period of, say, 6-12 months? That might be a better move than making a one-time transfer.
Posted on 6/4/12 at 8:19 pm to Dr Rosenrosen
Or better yet, value cost average if you can swing it.
Posted on 6/4/12 at 9:01 pm to CharleyLake
No prob, I'm a big fan of dollar cost averaging and if your time frame is a ways out I wouldn't mind entering a small position in an index fund...I would choose something that indexes more than the S&P 500. I would also index something like MSCI world index or gain some international exposure.
Don't worry about technicals if you have a long time horizon. Technicals change on literally a seconds notice which is retarded way of investing IMO. I only use technicals on trades and exit and entries
If you want to play the volatility and make money either way look at VXX and other Vix plays but please dear god read about ETNs and the Vix first
Don't worry about technicals if you have a long time horizon. Technicals change on literally a seconds notice which is retarded way of investing IMO. I only use technicals on trades and exit and entries
If you want to play the volatility and make money either way look at VXX and other Vix plays but please dear god read about ETNs and the Vix first
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