04/25/18

Good Evening, It was a classic battle between good and evil today. It was good earnings verses evil higher treasury rates. The battle was close but the bulls managed to hang on with the Dow and S&P finishing in the green. The Nasdaq ,however, finished slightly in the red as the tech sector which has been the leader in recent years continues to lag. The S&P 500 continues to be in no mans land between it’s 100 and 200 EMA’s. Technically speaking it could go either way. We follow the SPY which is the Exchange Traded Fund (ETF) version of the S&P 500 index. The SPY is currently trading at 263.63 which is right between it’s 100 and 200 EMA’s with support at 256 and overhead resistance at 266. The analysis here is pretty straight forward. Should price break through resistance at 266 we expect the rally to continue. Given current earnings reports I favor this scenario. Nevertheless, if support is broken at 256 to the downside expect more selling. That resistance just happens to fall pretty close to the 200 EMA and there are a boatload of algorithms out there programmed to sell at that level. So there you have it.

The days trading left us with the following results: Our TSP allotment sipped -0.13%. For comparison, the Dow broke a 5 day losing streak to finish in the green at +0.25%, the Nasdaq was slightly off at -0.05%, and the S&P 500 posted a gain of +0.18%.

 

Stocks end slightly higher though rate jitters linger

The days action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Sell. We are currently invested at 100/S. Our allocation is now +0.17% on the year not including the days results. Here are the latest posted results:

 

04/24/18 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.6708 17.6732 37.2672 48.9538 31.1449
$ Change 0.0012 -0.0131 -0.5045 -0.3960 0.0506
% Change day +0.01% -0.07% -1.34% -0.80% +0.16%
% Change week +0.03% -0.17% -1.33% -0.91% -0.11%
% Change month +0.18% -1.00% -0.14% +0.90% +2.04%
% Change year +0.84% -2.44% -0.91% +1.01% +0.94%
  L INC L 2020 L 2030 L 2040 L 2050
Price 19.6546 26.9942 30.7926 33.5036 19.3972
$ Change -0.0317 -0.0734 -0.1522 -0.1958 -0.1284
% Change day -0.16% -0.27% -0.49% -0.58% -0.66%
% Change week -0.17% -0.30% -0.55% -0.65% -0.74%
% Change month +0.21% +0.25% +0.41% +0.47% +0.53%
% Change year +0.53% +0.39% +0.18% +0.07% +0.00%

 

 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:
One positive thing that I failed to mention above. We are invested in the S Fund which is made up of small and mid cap stocks. The approaching month of May is historically one of the better months of the year for small caps. Also on our side is the rising dollar which effects large cap stocks that do business internationally in a negative away but has no effect on small caps which do business almost exclusively in the US! That’s all for tonight. Keep praying that God will guide our group. Have a nice evening and I’ll see you tomorrow.
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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