Good Evening,
The market rallied today on ‘Ukraine is saved’ news, but is still waiting for ‘Greece is saved news’. If we are fortunate enough to make it two for two tomorrow, then the March rally will be on in earnest. Nevertheless, today’s action was good enough to keep me happy.
Our TSP allotment gained +1.153% with AMP also posting a nice gain of +0.774%. That’s three gains in a row for AMP! For comparison the Dow gained +0.62%, the Nasdaq +1.18%, the S&P 500 +0.96%, AT&T +0.64%, Alaska Air -2.73%, Facebook -0.37% and Apple was + 1.27%. All in all it was not a bad day!
Wall St. ends sharply higher on tech, Ukraine deal
The day’s action left us with the following signals: C-Buy, S-Buy, I-Neutral, F-Neutral. We are currently invested at 30/C, 40/S, 30/I. Our allocation is now -0.38% on the year, but that does not include today’s gains. Here are the latest posted results:
| 02/11/15 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.6504 | 16.9565 | 27.3581 | 36.8576 | 24.7245 |
| $ Change | 0.0007 | 0.0022 | 0.0088 | 0.0055 | -0.1447 |
| % Change day | +0.00% | +0.01% | +0.03% | +0.01% | -0.58% |
| % Change week | +0.02% | -0.18% | +0.68% | +0.15% | -0.76% |
| % Change month | +0.05% | -1.18% | +3.82% | +3.46% | +0.88% |
| % Change year | +0.23% | +0.92% | +0.71% | +1.55% | +2.09% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 17.5352 | 23.0874 | 25.0506 | 26.6671 | 15.1375 |
| $ Change | -0.0036 | -0.0175 | -0.0240 | -0.0284 | -0.0195 |
| % Change day | -0.02% | -0.08% | -0.10% | -0.11% | -0.13% |
| % Change week | +0.05% | +0.08% | +0.10% | +0.12% | +0.12% |
| % Change month | +0.57% | +1.41% | +1.83% | +2.13% | +2.41% |
| % Change year | +0.48% | +0.82% | +0.99% | +1.09% | +1.20% |
Here’s what the C Fund looked like today.
The C Fund is a solid buy signal with all four indicators in a positive configuration. Price continued to move up executing the double bottom pattern that we observed a few days back. It will now encounter resistance at the 2093 level. Given the current momentum, it is my expectation that this will occur and another leg up will begin. That will mean new records for the S&P 500. With the S&P 500 being such a good indicator of the overall market’s health, it is a given that our other equity based funds will follow suit. Please note as well that the I fund in particular has the most room to run as it was beat up the most in the recent European turmoil. If you overlay fundamental investing on top of technical analysis, you get a good case for a strong performance of the I Fund heading into the spring. Europe is now starting to enhance their quantitative easing program by buying additional bonds. The I funds chart agrees with this and bares it out as it is improving at a more rapid rate than our other equity based funds. With this in mind, we have started a position there and will increase it as the chart continues to improve.
As long as Greece gets saved again, it should be smooth sailing for a few days. All we have to do is monitor our charts and wait for the next market change. Can you feel God blessing us?! Our allocation performed well today! Give Him all the Praise! Have a nice evening and stay warm.
God bless,
Scott
