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%.
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% |
