Good Morning, I don’t usually write blogs in the morning, but my schedule has recently become somewhat jumbled in the evenings so I am forced to do a few before the market closes. Yesterday brought us more gains as the market moved forward. As you know, I really didn’t expect the gains. I noted my expectations for an early downturn in 2017 in recent blogs. However, I was wrong which supports the many times that I have told you that I am not in the business of prognostication. If anyone and I mean anyone tells you they know what is going to happen in the market over the coming year or month or even week then you better run the other way as fast as you can go. If by happenchance they do get it right then it is just luck not skill. Nobody and I repeat nobody can tell you what the market is going to do year after year, month after month or week after week. That is why we watch the charts and react to the action we see. We are reactive traders that use technical analysis to assist us in making our trading decisions. While we are on the subject, technical analysis is not an exact science. It does not tell you exactly when or when not to make trades. It is more like a wind sock that tells you which way the wind is blowing. It is up to the individual technical analyst to make the best decisions possible based on the current trend. That is what we do. We strive not to make the highest return, but to make the most consistent returns. It has been our experience that we make more money over time than the trader who is constantly swinging for the fence. Our motto is simple ” It’s not what you make that’s important. It’s what you keep!”
Todays market is trending down after recent gains. Todays excuse is poor retail numbers by Brick and Mortar retailers such as Macy’s who say that they lost sales to online retailers. Amazon comes to mind in that category…. At any rate a little consolidation is a healthy thing…..
Yesterdays trading left us with the following results: Our TSP allotment was screaming with a nice gain of +1.65%. For comparison the S&P 500 added +0.59%.
Stocks Sink as Sales Woes Tank Retail Names
The current signals are as follows: C-Neutral, S-Neutral, I-Buy, F-Neutral. We are currently invested at 100/S. Our allotment is now +2.38% for 2017. Here are the latest posted returns:
| 01/04/17 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.1908 | 17.4449 | 31.3204 | 41.9734 | 24.8195 |
| $ Change | 0.0009 | 0.0007 | 0.1852 | 0.6823 | 0.3206 |
| % Change day | +0.01% | +0.00% | +0.59% | +1.65% | +1.31% |
| % Change week | +0.03% | -0.02% | +1.45% | +2.38% | +0.88% |
| % Change month | +0.03% | -0.02% | +1.45% | +2.38% | +0.88% |
| % Change year | +0.03% | -0.02% | +1.45% | +2.38% | +0.88% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 18.4655 | 24.6244 | 27.0776 | 28.9745 | 16.5226 |
| $ Change | 0.0363 | 0.0980 | 0.1651 | 0.2084 | 0.1360 |
| % Change day | +0.20% | +0.40% | +0.61% | +0.72% | +0.83% |
| % Change week | +0.30% | +0.60% | +0.90% | +1.06% | +1.21% |
| % Change month | +0.30% | +0.60% | +0.90% | +1.06% | +1.21% |
| % Change year | +0.30% | +0.60% | +0.90% | +1.06% | +1.21% |
Now lets take a look at the charts. All signals are annotated with green circles. If you click on the charts they will become larger.
C Fund:
S Fund:
I Fund:
F Fund:
It looks like we’re off to a good start in 2017. I’m sure it’s going to be a long and challenging year. We need to #1 Pray for guidance and #2 (as usual) keep a close eye on the charts. Right now, it appears that the I fund could be trending back. Keep a watch on the value of the dollar. It has a great influence on the I Fund. A strong dollar helps the fund and a weak dollar hurts it…. That’s all for now. have a great day and may God continue to bless your trades!!
