01/26/15

Good Evening,

The profit taking ended in the afternoon and the market drifted up into the close for a small gain. Safe havens such as precious metals and bonds were off on the day. This hints that some money may be flowing out of those areas and back into stocks. It appears that the Greek elections are now priced into the market. That coupled with an end to the profit taking after Thursday’s big run may allow the rally to resume. A lot of traders were heading home with all the bad weather up and down the east coast, reducing the volume, giving the market somewhat of a holiday feel. I know many of them are hoping the market will close with the bad weather in New York. The last time that happened was in 1969. The weather service did say that this is a storm of historic proportions…

Our allocations both came out on the plus side today. TSP really had a nice day, out-performing at +0.7682 % while AMP rose +0.021%. For comparison the Dow was up +0.03%, the Nasdaq +0.29%, and the S&P added +0.26%.

 

Wall Street rises after Greek elections; energy climbs

 

 

The day’s action left us with the following signals: C-Buy, S-Buy, I-Neutral, F-Buy. We are currently invested at 34/C, 66/S, but as the of the close of business today our allocation will be re-balanced to 50/C, 50/S. Our allocation is now -0.10% on the year not including today’s gains. Here are the latest posted gains:
01/23/15
Fund G Fund F Fund C Fund S Fund I Fund
Price 14.6361 17.0529 27.0968 36.217 24.4429
$ Change 0.0009 0.0572 -0.1496 -0.0611 -0.0250
% Change day +0.01% +0.34% -0.55% -0.17% -0.10%
% Change week +0.04% +0.16% +1.62% +1.64% +1.17%
% Change month +0.13% +1.50% -0.25% -0.22% +0.93%
% Change year +0.13% +1.50% -0.25% -0.22% +0.93%
L INC L 2020 L 2030 L 2040 L 2050
Price 17.488 22.9484 24.8588 26.4308 14.9856
$ Change -0.0092 -0.0369 -0.0519 -0.0635 -0.0412
% Change day -0.05% -0.16% -0.21% -0.24% -0.27%
% Change week +0.34% +0.78% +1.00% +1.15% +1.29%
% Change month +0.21% +0.22% +0.21% +0.20% +0.18%
% Change year +0.21% +0.22% +0.21% +0.20% +0.18%
Remember what I said about the I Fund occasionally predicting a run in the market? It sure looked that way again today. The I fund started its run a few days ago and it now looks like the market may have new legs, although we will have to get this foul weather out of the way before we know for sure.
C Fund: Chart courtesy of Stockcharts.com. Analysis by yours truly.
The C Fund remains on a buy signal and improved with a positive crossover by the PMO of its EMA. The next key resistance is at 2075. If that is surpassed I expect new records for the S&P 500.
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Our allocation out-performed today and it’s been a while since that has happened. Praise God for His providence! Not to sound redundant, but at this point our main task is to watch our charts and stick with this trend until it changes. I still think this is going to be a volatile year, so any gains we get may be like squeezing blood out of a turnip.
May God continue to bless your trades. Have a nice evening.
God bless,
Scott8-)


Written By

Scott Grimes

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