Good Morning, I am unable to get into the website to update it this morning and there’s a lot happening in the market. So rather than wait I decided to do a brief ‘Blog’ here. They should have the work on the website completed soon. No worries either way. There are a handful of folks with our group that started when we communicated solely via E-Mails. I have no problem doing it that way again. It’s a lot simpler. Also along those lines they continue to spend both time and $$$$ working on the phone app. That is still on the table. However, the kind folks at Apple are requiring more than the simple format we used before. So we keep building and adding. I’m absolutely sure of one thing. When the final product is done, it will be awesome. That said, you all know what I think about complicated things and complicated processes. They need to be simplified. I am an absolute believer in the Kiss system. Nonetheless, in the end we will have a sophisticated phone app regardless of what I think…… This week the market is all about tomorrows Fed meeting. It’s is widely expected that the Federal reserve will keep rates steady when the meeting concludes on Wednesday given the recent hot inflation reports. It has become apparent to that the Fed is in no hurry to start reducing rates until they see more tangible progress in reducing the rate of inflation to their two percent target. For the most part investors have moved their focus to the June Fed meeting. Recently, the consensus among market players has been that the Fed will begin reducing rates at that time. However, after some warmer than anticipated inflation data in recent weeks that expectation has decreased to slightly above 50%. In other words current odds have it that there is now only a 50/50 chance that the Fed will decease rates at the June meeting. My thought is that the market will either rally of sell off after that meeting. It will either be a buy the news or a sell the news event. I’m betting…. that it will be a sell the news event. I do not believe the Fed will begin reducing rates until July. I hate to make predictions but those are my expectations. How does that effect my investment decisions. Not much. The only thing it helps me with is to know when to check my charts more often to catch and react to any potential changes in the tend at that time. Right now I’m looking for sideways action until June. Then a sell off after the June Fed meeting with a potential rally when rates start to be decreased in July. That information and a little over a dollar will buy you a cup of coffee at a lot of places. The moral of the story is that neither I or anyone else can predict the future. That is my opinion on what is likely to take place and ya’ll know about opinions, everybody has one or two…. In the end, you must look at your charts and react to what you see. You really don’t need anything else unless you want to know why the market is doing what it is doing. It is the ‘What’ that counts and the ‘Why’ is of little use other than maybe planning for the future. It has zero bearing on your investment decisions. Price will always determine those…. Today we adjusted our allocation to 100/C as the advance is stocks has broadened in scope with mega cap and value stocks coming back into play. Also worth noting is that the advance in Treasury Yields in the least two weeks has presented headwinds for small caps stocks which make up a large portion of the S Fund. This has been reflected on our charts with the C Fund now having the best chart followed by the I fund with the S Fund now bringing up the rear. Of course that can all change quickly as you know and if and when it does we will not hesitate to make further changes to our allocation. The market continues to be up modestly as of this posting with the C Fund up +0.90%, the S Fund higher at +0.14%, and the I Fund slightly in the green at +0.05%. Worth noting, we considered allocating some money to the I Fund. However, the I funds recent outperformance has been in a large part due to a rising dollar. After reviewing the chart for the dollar we do not believe this trend will continue. Therefore, we decided to go with the C Fund for now. This situation remains fluid, so remain vigilant for further subtle changes in your charts. That’s all for today. Hopefully, the website will allow us to post there again next week. Until that update is possible please ignore the allocation posted there. It will remain at the old allocation of 100/S until we can update it with todays changes. Have a great day and may God continue to bless your trades! Lord Bless, Scott (;