Good Evening, I have the feeling that I have become redundant. It’s hard not to when the market does the same thing over and over again. Rinse and repeat! Recently on more than one occasion we discussed how various Covid 19 related news topics would cause the market to swing one way and then the other. We talked about the fact that we are stuck in a trading range on the S&P 500 between 2910 and 2630 and would likely remain there until the pandemic was resolved. Well our analysis has been spot on so far. The market continues to swing and we remain mired in the aforementioned trading range. Actually we are even in a tighter range than that. For the most part the market has traded S&P 2910 to 2780. Today the market traded up adding to yesterdays nice gains until an STAT News report came out with one hour of trading remaining questioning the validity of yesterdays report on the success of Moderna Vaccine. You already know the rest of the story. The market tanked after that. Who the heck is STAT anyway? I wished they’d go back where they come from! Why get frustrated? We knew this would happen. A report questioning a report. Pretty soon there will another report questioning the STAT report that will make the market rebound. Whatever, I for one am sick of this demonic virus and everything to do with it. It’s time to move on and hopefully with God’s blessing we will do so. If you want to know more in detail about this mess then just read the last 10 or so blogs. Rinse and repeat……..
The days trading left us with the following results: Our TSP allotment gave up some of yesterdays gains posting a drop of -1.05%. For comparison, the Dow fell -1.59%, the Nasdaq -0.54, and the S&P 500 -1.05%. I praise God that we have been able to keep our accounts in the green!
The days action left us with the following signals: C-Buy, S-Buy, I-Neutral, F-Neutral. We are currently invested at 100/C. Our allocation is now +7.82% not including the days results. Here are the latest posted results.
|Fund||G Fund||F Fund||C Fund||S Fund||I Fund|
|% Change day||+0.01%||-0.31%||+3.17%||+4.95%||+4.15%|
|% Change week||+0.01%||-0.31%||+3.17%||+4.95%||+4.15%|
|% Change month||+0.04%||-0.43%||+1.57%||+3.14%||+0.49%|
|% Change year||+0.51%||+4.48%||-7.93%||-14.17%||-17.34%|
|L INC||L 2020||L 2030||L 2040||L 2050|
|% Change day||+0.80%||+0.86%||+2.25%||+2.69%||+3.08%|
|% Change week||+0.80%||+0.86%||+2.25%||+2.69%||+3.08%|
|% Change month||+0.35%||+0.37%||+0.90%||+1.06%||+1.21%|
|% Change year||-1.81%||-2.40%||-6.70%||-8.20%||-9.55%|