Good Evening, The media said today that the market was selling off do to the resignation of Secretary of State Rex Tillerson. I say the market doesn’t give a rip about Rex! The truth is that the market was overbought after a nice run and was looking for an excuse to take some profits. Today’s headlines were a trigger for the market to do what it was going to do one way or the other anyway. While there are a few worthy news events that effect the market they are few and far between. In order to trade effectively you must realize that it is the market that influences the news much more than it is the news that influences the market. To make good trading decisions it is important to know what is influencing what. In this case the market is doing what it wants to do. While there may be a little follow through, the selling should be no threat to the current uptrend. Look at it more as consolidation than panic selling. A market the moves up in a parabolic fashion is much more likely to come crashing down. A market that moves up in a methodical manner digesting it’s gains as it moves up will almost always maintain it’s upward trajectory for a longer period of time and make you more money. For that reason a little selling isn’t as bad as you might think…….

The days profit taking left us with the following results: Our TSP allotment dropped -0.64%. For comparison, the Dow lost -0.68%, the Nasdaq -1.02%, and the S&P 500 -0.64%. I know it was a bad day but I still thank God for the good month we are having.

The days action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Neutral. We are currently invested at 100/C. Our allocation is now +3.45% on the year not including the days results. Here are the latest posted results:

God bless, Scott 

 

 ***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].