04/15/2015

Good Evening,

The market sure seems to like higher oil and I just don’t know why. Low oil is a good thing for the overall economy. I understand that oil below $40.00 per barrel would be injurious to the energy producers but oil in the mid-forties to mid-fifties is good for everyone.  I could easily embrace the fact that this is why the market went up except for the fact that the retail and consumer discretionary sectors under-performed in response to stronger oil. What gives? The media can stick with the oil thing. After all, they have to make headlines to make a living. I’m going with performance anxiety. In other words, the market is going up so everyone might as well get in or be left behind…… Stocks started off strong and, after a brief bout of weakness, headed up most of the afternoon.

The day’s trading left us with the following results: Our TSP allotment gained +0.52%. For comparison, the Dow gained +0.42%, the Nasdaq +0.68%, and the S&P 500 closed up +0.51%. I thank God for another good day!

 

Wall Street ends higher as jitters about earnings and oil recede

 

 

 

The day’s action left us with the following signals: C-Buy,S-Buy, I-Buy, F-Buy. We are currently invested at 05/C, 32/S, 63/I. Our allotment is now +4.27% on the year, not including the day’s results. Here are the latest posted results:

04/14/15
Fund G Fund F Fund C Fund S Fund I Fund
Price 14.695 17.1375 27.818 38.6268 26.4521
$ Change 0.0007 0.0216 0.0456 -0.0005 0.2088
% Change day +0.00% +0.13% +0.16% +0.00% +0.80%
% Change week +0.02% +0.26% -0.29% -0.19% +0.43%
% Change month +0.07% +0.31% +1.42% +0.98% +3.33%
% Change year +0.54% +2.00% +2.40% +6.42% +9.22%
  L INC L 2020 L 2030 L 2040 L 2050
Price 17.7081 23.5716 25.7111 27.4685 15.6528
$ Change 0.0125 0.0408 0.0554 0.0654 0.0428
% Change day +0.07% +0.17% +0.22% +0.24% +0.27%
% Change week +0.01% -0.01% -0.02% -0.03% -0.03%
% Change month +0.44% +1.01% +1.27% +1.43% +1.63%
% Change year +1.47% +2.94% +3.65% +4.13% +4.64%
Let’s take a look at the charts:

C Fund: Price closed above support at 2093 for the second consecutive day. The VTX turned bullish today putting all of our indicators in a positive configuration. This chart is looking bullish.

c

S Fund: Both the PMO and the VTX moved into positive configurations today, giving this chart an overall buy signal. Things are looking bullish!

s

I Fund: Price challenged upper resistance and the upper ascending trend line all at the same time. You can’t get much more bullish than that! This chart is a solid buy!!

i

F Fund: Price again challenged resistance at the 111.83 mark. As I mentioned yesterday, this area of resistance is going to present a big head wind for the F fund. This is most likely a function of money flowing out of bonds and into stocks. Otherwise, this chart remains at an overall buy signal.

f

So far so good as we head into earnings season. It appears that most of the reports aren’t going to be as bad as many thought and the market is reacting in a positive manner. It looks like smooth sailing ahead for the short term. We’ll see if we can hang onto our gains in May. With God’s help. I’m sure we can! May He continue to bless your trades. Have a nice evening and I’ll see you tomorrow.
God bless,
Scott8-)


Written By

Scott Grimes

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