04/25/17

Good Evening, The market pattern changed today. For the past seven weeks the bulls have been unable to put two good days in a row together. That ended today when the market added to yesterdays rally that started with the market favorite centrist candidate winning the most votes so far in Frances election. There are many reasons why the market likes Emmanuel Macron, but the biggest reason is that he is pro European Union and the market perceives a French exit from the EU as bad for European Stocks. Todays follow through was largely fueled by more good earnings reports for US Corporations. The most notable being Caterpillar. A few blogs ago we talked about the market being fundamentally sound and pointed to earnings as a reason that it could move higher barring any catastrophic events and today that’s exactly what it did.

The days trading left us with the following results: Our TSP  allotment added another +0.71% after a stellar day yesterday. For comparison, the Dow gained +1.12%, the Nasdaq +0.70%, and the S&P 500 +0.61%. Praise God for another good day!

 

Nasdaq tops 6,000 as earnings boost Wall St; U.S. tax code eyed

 

The days action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Neutral. We are currently invested at 100/I. Our allocation is now +5.32% on the year. Here are the latest posted results:

 

04/25/17 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.3011 17.7023 33.141 43.6394 27.1091
$ Change 0.0010 -0.0495 0.2008 0.3393 0.1577
% Change day +0.01% -0.28% +0.61% +0.78% +0.59%
% Change week +0.03% -0.43% +1.70% +1.92% +3.15%
% Change month +0.16% +0.52% +1.20% +1.79% +2.64%
% Change year +0.75% +1.46% +7.35% +6.45% +10.19%
  L INC L 2020 L 2030 L 2040 L 2050
Price 18.8214 25.3918 28.2692 30.4294 17.4451
$ Change 0.0216 0.0599 0.1069 0.1358 0.0894
% Change day +0.11% +0.24% +0.38% +0.45% +0.52%
% Change week +0.43% +0.84% +1.33% +1.57% +1.79%
% Change month +0.50% +0.80% +1.16% +1.34% +1.50%
% Change year +2.23% +3.73% +5.34% +6.13% +6.86%

 

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: Price remains above the upper trend line. That’s confirmation of the execution of the bullish wedge pattern.
S Fund: Price has cleared the upper trend line. Today’s move was confirmation that the bullish wedge pattern has executed.
I Fund: Price moved to the top of the ascending channel. It has cleared all resistance.
F Fund: Money is clearly flowing out of bonds and back into stocks.
Lets see if we can make it three in a row tomorrow. Have a great evening!
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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