02/23/18

Good Evening, Well the market had many dynamics today. So where do I start? I guess I will start where the rally did. With the Fed. Several Fed members spoke today and they had a unified message and that message was dovish. Basically they predicted steady economic growth with tame inflation.  The market started to move up and bond yields started to fall which the market liked even more. Shortly after noon the machines buy programs started to kick in. You see they move enough money to greatly effect the market and often are able to manipulate it to their advantage. In this case they were able to create a bear trap that reversed a four day trend of selling into the close. You see the bears were counting on interest rate concerns to continue to apply downward pressure to the market. You’d think that they would be a little more cautious after recent years in which they were squeezed virtually every time the market dipped. Nevertheless, they where caught out of position once again and spent the afternoon trying to keep from being left behind. This market will go down only when the machines are in agreement that it should. I was glad to see the strong close today. Weak markets usually have weak closes and strong markets have strong closes. Lets hope that this strong close starts a new trend.

The days rally left us with the following results: Our TSP allotment gained +1.60%. For comparison, the Dow was up +1.39%, the Nasdaq +1.77%, and the S&P 500 +1.60%. Praise God for another good day!

 

Stocks rally as Fed eases rate worry, tech climbs

The weeks action left us with the following signals: C-Buy, S-Buy, I-Neutral, F-Sell. We are currently invested at 100/C. Our allocation is now +0.41% on the year not including the days results. Here are the latest posted results:

02/22/18 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.5973 17.6909 38.1403 48.5101 31.0191
$ Change 0.0011 0.0179 0.0416 -0.0926 0.1666
% Change day +0.01% +0.10% +0.11% -0.19% +0.54%
% Change week +0.04% -0.23% -1.02% -1.03% -0.80%
% Change month +0.16% -1.22% -4.08% -3.15% -4.26%
% Change year +0.37% -2.34% +1.41% +0.09% +0.53%
  L INC L 2020 L 2030 L 2040 L 2050
Price 19.622 27.0157 30.9228 33.6951 19.5324
$ Change 0.0100 0.0212 0.0389 0.0487 0.0312
% Change day +0.05% +0.08% +0.13% +0.14% +0.16%
% Change week -0.17% -0.32% -0.59% -0.70% -0.80%
% Change month -0.73% -1.35% -2.44% -2.91% -3.31%
% Change year +0.37% +0.47% +0.61% +0.65% +0.70%

 

 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: The C Fund moved to a buy signal today when the 5 EMA crossed up through the 50 EMA and the MACD moved into a positive configuration. Also worth noting is the formation of a bullish wedge pattern. That’s usually a very reliable pattern!
S Fund: The S Fund moved to an overall buy signal today when the 5 EMA crossed up through the 50 EMA.
I Fund:
F Fund:
The only thing that never changes in the market is change. Well, except for 2017….. That’s all for tonight. Have a great weekend and I’ll see you on Monday!
God bless, Scott 8-)
 
 ***Just a reminder that you can review the performance of our allocation at the Web Site TSPTALK.com in the autotracker section under the screen name KyFan1.
 
 
I produce and publish this blog as both a ministry and for the benefit of any Federal Government Employee. This is done to offer you some guidance as to how to approach your retirement more financially successful. When it is time for you to retire, I recommend you utilize the services of a Professional Money Manager, who works with a reputable investment firm. He understands the guidance you have already received and he can manage your savings assets utilizing a more advanced investment program into the future. 
 
If you would like to receive more information about this introduction, please feel free to contact me at  [email protected]. 

 

 

 



Written By

Scott Grimes

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