Good Evening, More good economic and earnings reports spurred the market higher for a third consecutive day today. Specifically Walmart and Cisco Systems blew earnings out. The Walmart report was especially important as it is considered a bellwether stock for US retailers. The economic side of things was loaded and it was all good pointing toward a strong economy. First, the unemployment report was excellent with 16,000 fewer Americans filing for unemployment. Second, April housing reports surprised to the upside spurred by lower interest rates. And third, first quarter earnings were revised upward. You remember that two percent drop that was forecast? That has turned into an increase! Analysts now expect first-quarter earnings growth of 1.4%, a significant improvement over the 2% loss expected on April 1. Now I ask you this question. Does this sound like a weak economy to you? Not to me either. It sure doesn’t seem like the trade war is hurting us much if at all. At least not yet. It makes me wonder if Mondays selling wasn’t a just a little overdone……Shall we sit back and watch a while longer or get back in? I’m in no hurry but lets take a look at the charts and decide.
The days trading left us with the following results. Our TSP allotment slipped back -0.12%. For comparison, the Dow was up +0.84%, the Nasdaq +0.97%, and the S&P 500 +0.89%.
The days action left us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Buy. We are currently invested at 100/F but are looking to get back into equities when we see a buy signal in one of our three equity based funds. More than likely the C or the S or both. Our allocation is now +10.30% on the year. Here are the latest posted results:
| 05/16/19 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 16.1502 | 18.779 | 41.5758 | 51.86 | 29.5749 |
| $ Change | 0.0011 | -0.0214 | 0.3783 | 0.4308 | 0.1557 |
| % Change day | +0.01% | -0.11% | +0.92% | +0.84% | +0.53% |
| % Change week | +0.04% | +0.28% | -0.11% | -0.55% | +0.36% |
| % Change month | +0.11% | +0.52% | -2.20% | -1.95% | -2.29% |
| % Change year | +0.99% | +3.51% | +15.64% | +17.92% | +10.71% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 20.4273 | 28.1115 | 32.3012 | 35.2105 | 20.4076 |
| $ Change | 0.0324 | 0.0603 | 0.1475 | 0.1912 | 0.1261 |
| % Change day | +0.16% | +0.21% | +0.46% | +0.55% | +0.62% |
| % Change week | +0.05% | +0.05% | +0.03% | +0.02% | +0.01% |
| % Change month | -0.34% | -0.51% | -1.24% | -1.51% | -1.74% |
| % Change year | +3.75% | +4.92% | +8.99% | +10.58% | +11.95% |
