04/09/18

Good Evening, There was no significant reaction by the Chinese to the latest proposed US Sanctions today so the market rallied. However, it ended up giving up most of its gains by the closing bell after it stepped on the land mine that is an FBI raid on President Trumps Attorney  related to the Mueller investigation. That’s where we’re at right now. In the next market moving event Investors will look for further signs of China’s stance on trade relations when Chinese President Xi Jinping speaks at the Boao Forum economic conference tomorrow. Then earnings season will begin on Friday with several big banks reporting. I have built my entire investment strategy around these earnings. If they don’t lift this market then I’m not sure what can. Analysts expect quarterly profits for S&P 500 companies to rise 18.5 percent from a year ago, which would be the biggest gain in seven years, according to Thomson Reuters I/B/E/S. Ultimately, its earnings that power this market!

The days trading left us with the following results: Our TSP allotment broke even at +0.00%. For comparison, the Dow gained +0.19%, the Nasdaq +0.51%, and the S&P 500 +0.33%.

 

Wall Street rises but pares gains late after report of FBI raid

The days action left us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Neutral. We are currently invested at 100/S. Our allocation is now -1.96% on the year. Here are the latest posted results:

 

04/06/18 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.6495 17.8433 36.8149 47.9143 30.5627
$ Change 0.0011 0.0506 -0.8242 -0.9245 0.0097
% Change day +0.01% +0.28% -2.19% -1.89% +0.03%
% Change week +0.05% -0.05% -1.35% -1.25% +0.14%
% Change month +0.05% -0.05% -1.35% -1.25% +0.14%
% Change year +0.70% -1.50% -2.11% -1.14% -0.95%
  L INC L 2020 L 2030 L 2040 L 2050
Price 19.5843 26.8466 30.5042 33.1352 19.1539
$ Change -0.0541 -0.1282 -0.2710 -0.3504 -0.2314
% Change day -0.28% -0.48% -0.88% -1.05% -1.19%
% Change week -0.15% -0.30% -0.53% -0.64% -0.73%
% Change month -0.15% -0.30% -0.53% -0.64% -0.73%
% Change year +0.17% -0.16% -0.75% -1.03% -1.25%

 

 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:
S Fund:
I Fund:
F Fund:
Both the C and the S Funds are barley hanging onto Neutral signals. It is possible that they could generate sell signals at any time without an improvement in the overall market. So keep an eye on your charts. It’s going to be close but I feel like it’s important to hang in there with a strong earnings season upon us. That’s all for tonight. Have a nice evening and may God continue to bless your trades.
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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