01/03/17

Good Evening, Well, the first trading day in 2017 got off to a good start. Actually, it was a great start until oil prices dropped turning a great day into a good day. Not that I’m complaining though. I really thought we’d start the year with a nice drop, but that was not to be as manufacturing numbers in the US and China both came in strong. Also bolstering the market was a report putting construction at it’s highest level since 2013. All things considered we’re off to a good start with our TSP allotment beginning the year +0.62% in the green! 2016 ended up being a decent year for our group as well with a return of 8.73%. Hopefully, the adjustments we made to our indicators late in 2016 will allow us to outperform the market in 2017!

 

Dow’s March to 20,000 Hits Another Snag as Crude Settles at Two-Week Low

 

Just a short message tonight! Have a great evening.

God bless, Scott



Written By

Scott Grimes

  • 05/19/25

    Good Morning, Another day another challenge. This market is anything other than boring and I say that not necessarily in a good way! When it comes to the market I think boring is good. That means less volatility and that means less stress. Nonetheless, we have what we have and we must deal with it.…

  • 05/12/25

    Good Morning, Our charts told us we were at the bottom and the fundamentals agreed. The opportunity was so compelling that we probably jumped back in a few weeks to early, but we wanted to make darn sure we were positioned for the run that would surely come. The market dipped and many chicken little…

  • 05/05/25

    Good Morning, Inevitably, we will have a down day and today is it. Believe it or not the S&P 500 has gone up the past nine sessions and it’s been a long time since it’s done that. So a down day today is not so bad. The recent run has pretty much put things back…