Good Evening, Well the character of the market has changed yet again. My charts are showing several breakouts indicating to me that the market may be ready to move the next leg up. This positive action was spurred be yesterdays way more dovish than expected Fed statement released after the completion of their monthly policy setting meeting. The Fed has the power to change everything and they did. The market initially sold off during yesterdays session on concerns that a more dovish Fed signaled problems with the economy. That wasn’t my take on it though. I feel like the Fed was declaring victory upon finally reaching neutral which means that the current interest rate neither increases or decreases the rate of inflation. The Feds target rate for inflation is 2 percent. That said, investors quickly changed their minds during today’s session after digesting multiple positive economic reports. They quickly started buying and fueled the market to one of it’s best days in many weeks. So if the character of the market has indeed changed then where does that leave us? After a careful review of my charts and indicators I have decided to re-enter the equity market and will put in an interfund transfer for 100/C. The C Fund put up a new buy signal and looks ready to possibly move to new highs!
The days rally left us with the following results: Our TSP allotment posted a small gain of +0.02% coming on the heals of a nice +0.43% gain yesterday. For comparison, the Dow added +0.84%, the Nasdaq +1.42%, and the S&P 500 +1.09%. Praise God for the good day!
The days action left us with the following signals: C-Buy, S-Neutral I-Buy, F-Buy. We are currently invested at 100/F but have put in an interfund transfer that will take effect at the close of business tomorrow for 100/C. Our allocation is now +6.12% on the year not including the days results. Here are the latest posted results:
| 03/20/19 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 16.0858 | 18.5202 | 40.6933 | 50.9036 | 29.6298 |
| $ Change | 0.0012 | 0.0654 | -0.1185 | -0.3352 | -0.1698 |
| % Change day | +0.01% | +0.35% | -0.29% | -0.65% | -0.57% |
| % Change week | +0.04% | +0.35% | +0.07% | -0.54% | +0.35% |
| % Change month | +0.15% | +1.07% | +1.54% | -1.23% | +1.46% |
| % Change year | +0.58% | +2.08% | +13.19% | +15.75% | +10.92% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 20.2941 | 27.904 | 31.9714 | 34.8142 | 20.1612 |
| $ Change | -0.0127 | -0.0282 | -0.0762 | -0.1013 | -0.0685 |
| % Change day | -0.06% | -0.10% | -0.24% | -0.29% | -0.34% |
| % Change week | +0.07% | +0.07% | +0.09% | +0.09% | +0.09% |
| % Change month | +0.41% | +0.50% | +0.80% | +0.90% | +0.97% |
| % Change year | +3.07% | +4.14% | +7.88% | +9.33% | +10.60% |
