Good Evening, Isn’t God good every day? Sometimes you can’t ignore the fundamentals. I’m not saying that you throw your charts away. Just that you use the fundamental information to know what to look for in the charts. In this particular selloff we keyed in on our indicators that might let us know if we should expect a bounce. The Fundamentals just didn’t match the action in the market. The economy and corporate earnings to include guidance were solid. Our charts told us that the market was oversold and should bounce which in turn led us to utilize the indicators that would allow us to stay in the market as long as possible in order to catch the bounce. When the market opened this morning the bears were out in force calling for doom and gloom as the market gaped down two percent lower and into correction territory. We held tight and didn’t sell after reviewing our charts and making a solid game plan. Of course, the selling turned out to be another fake out by the machines that left a lot of sellers in the dust. As Kenny Rogers used to sing “you got to know when to hold’em and know when to fold’em”. With God’s guidance, we held and got our bounce. Give Him all the praise for He is worthy! A further review of the charts indicates that the recovery should continue. However, I would caution as I did earlier in the year that 2018 will be more volatile than 2017. So buckle up your seat belts cause we’re heading back up the mountain!
The days wild ride left us with the following results: Our TSP allocation gained +1.74%. For comparison, the Dow added +2.33%, the Nasdaq +2.13%, the the S&P +1.74%.
Dow Finishes With Gain of 567 Points; S&P 500 and Nasdaq Also Close Higher
The days action left us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Sell. We are currently invested at 100/C. Our allocation is now -1.79% for the year not including the day’s gains. Here are the latest posted results:
| 02/05/18 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.5776 | 17.8397 | 37.3042 | 47.5047 | 30.7325 |
| $ Change | 0.0035 | 0.0525 | -1.5991 | -1.7105 | -1.2346 |
| % Change day | +0.02% | +0.30% | -4.11% | -3.48% | -3.86% |
| % Change week | +0.02% | +0.30% | -4.11% | -3.48% | -3.86% |
| % Change month | +0.04% | -0.38% | -6.18% | -5.16% | -5.14% |
| % Change year | +0.24% | -1.52% | -0.81% | -1.98% | -0.40% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 19.5405 | 26.8359 | 30.5818 | 33.2622 | 19.2484 |
| $ Change | -0.1463 | -0.3620 | -0.7415 | -0.9622 | -0.6379 |
| % Change day | -0.74% | -1.33% | -2.37% | -2.81% | -3.21% |
| % Change week | -0.74% | -1.33% | -2.37% | -2.81% | -3.21% |
| % Change month | -1.14% | -2.01% | -3.51% | -4.15% | -4.71% |
| % Change year | -0.05% | -0.20% | -0.50% | -0.65% | -0.76% |
