Good Evening, The Fed held rates steady and downplayed economic weakness leading stocks to a mixed close. There’s really not much more to say than that techs got slammed due to Apples report that I phone sales slowed down. Same old same old. If you are buying individual stocks on the street then now is a good time to buy Apple. They have a new I Phone coming out and they have more cash on the books than a lot of countries. It’s the same deal every time they report. They dip and come back. So buying Apple or anything else that dips in sympathy after apple reports is a good way to make a profit. This pattern is so old that my 2 year old grandson could make money off of it!
Todays trading left us with the following results. Our TSP allotment fell back -0.20%. For comparison, the Dow managed to close up +0.04%, the Nasdaq lost -0.37% and the S&P 500 was off -0.13%. It was a snoozer unless you were in tech stocks which got beat up a little on the Apple news.
Wall Street slips as Fed holds on rates; financials rise
The days action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Neutral. We are currently invested with 100% in the I Fund. Our allotment is now +6.08% on the year not including the day’s results. Here are the latest posted results:
| 05/02/17 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.308 | 17.7511 | 33.1804 | 43.4014 | 27.3049 |
| $ Change | 0.0009 | 0.0330 | 0.0390 | -0.1527 | 0.1283 |
| % Change day | +0.01% | +0.19% | +0.12% | -0.35% | +0.47% |
| % Change week | +0.01% | -0.01% | +0.29% | +0.09% | +0.75% |
| % Change month | +0.01% | -0.01% | +0.29% | +0.09% | +0.75% |
| % Change year | +0.80% | +1.74% | +7.47% | +5.87% | +10.99% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 18.8386 | 25.4227 | 28.3127 | 30.4799 | 17.4751 |
| $ Change | 0.0089 | 0.0194 | 0.0305 | 0.0367 | 0.0224 |
| % Change day | +0.05% | +0.08% | +0.11% | +0.12% | +0.13% |
| % Change week | +0.09% | +0.16% | +0.25% | +0.29% | +0.33% |
| % Change month | +0.09% | +0.16% | +0.25% | +0.29% | +0.33% |
| % Change year | +2.33% | +3.86% | +5.50% | +6.31% | +7.04% |
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 within a bullish ascending wedge.
S Fund: Price remains in an ever so slight ascending channel. The SCTR has dropped to 69.1.
I Fund: This one held up pretty well on a somewhat negative day. Price remains within a strong ascending channel and the SCTR is strong at 80.7.
F Fund: Price has clearly broken down through the lower trend line. No surprises here with an SCTR of only 15.9. No way, not in my portfolio.
Between Apple and the Fed this was a slightly negative day. We’ll see if we can do better tomorrow! Have a nice evening and may God continue to bless your trades.
