Good Evening, The daily reversals continued. This morning the market moderately sold off on worries about North Korea. In the afternoon session the dip buyers showed up and proved that they really don’t care about the news or the charts or anything else. As long as stocks are in the red they are going to buy. They were rewarded yet again for their efforts. Like I said yesterday, it’s a day traders paradise but not so good for us. That said, the charts are doing one of two things, obviously. Either they are topping or they are consolidated. My vote barring some geopolitical disaster is for consolidation before another run up. Of course, that’ speculation and I don’t make market decisions based on speculation. I make them based on the charts. So whatever happens up or down, I will react to the action on the charts……..
Today’s trading left us with the following results. Our TSP allotment made up for yesterdays underperformance with a nice gain of +0.47%. For comparison, the Dow dropped -0.03%, the Nasdaq -0.24%, and the S&P 500 -0.14%. Praise God for a nice day!
Wall Street ends down; geopolitical risks weigh ahead of earnings
The days action left us with the following signals: C-Neutral, S-Buy, I-Neutral, F-Neutral. We are currently invested at 100/I. Our allotment is now +2.00% on the year not including the days results. Here are the latest posted results.
| 04/10/17 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.2861 | 17.655 | 32.6919 | 42.5605 | 26.2554 |
| $ Change | 0.0030 | 0.0150 | 0.0242 | 0.1149 | 0.0158 |
| % Change day | +0.02% | +0.09% | +0.07% | +0.27% | +0.06% |
| % Change week | +0.02% | +0.09% | +0.07% | +0.27% | +0.06% |
| % Change month | +0.07% | +0.25% | -0.17% | -0.72% | -0.59% |
| % Change year | +0.65% | +1.18% | +5.89% | +3.82% | +6.72% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 18.7261 | 25.1645 | 27.8872 | 29.9508 | 17.1353 |
| $ Change | 0.0073 | 0.0138 | 0.0207 | 0.0251 | 0.0159 |
| % Change day | +0.04% | +0.05% | +0.07% | +0.08% | +0.09% |
| % Change week | +0.04% | +0.05% | +0.07% | +0.08% | +0.09% |
| % Change month | -0.01% | -0.10% | -0.20% | -0.26% | -0.31% |
| % Change year | +1.72% | +2.81% | +3.92% | +4.46% | +4.96% |
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: This ones getting stronger. Take a look at the SCTR.
I Fund: Looks like the Williams %R made an accurate prediction yesterday. Look at yesterdays blog for the details. The I Fund may be waking up…
F Fund: Yep, I know this one is making me look bad. That is for the moment. I refuse to endorse this one as long as the SCTR remains under 40. No sir, not with an environment of rising interest rates. He who laughs last laughs longest and I’m convinced we’ll be laughing at this one when all is said and done. If not, I’ll say I’m wrong and move on and you know what?? I still wouldn’t recommend it with this chart in this environment.
We had a good day and I’ll take that blessing! When your traveling in a desert a stop at an oasis is pretty nice… Have a great evening and may God continue to bless your trades!
