Good Evening, Today is the National Day of Prayer so if you haven’t already done so take a moment to pray for our Nation and it’s leaders. For God’s word says “If my people who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, Then will I hear from Heaven and will forgive their sin and heal their land.” Oh yes, one more thing before I move on to the day. You know you are starting to get old when you are afraid you will forget to say something and say it immediately for that reason. Let me do so now before I forget this again! A short while back I posted a few sources to help folks better understand the charts as I always have a lot of them wanting to do so. However, I forgot to mention one thing so let me mention it now. If you haven’t already done so, please join us on our Facebook page. I usually post a couple articles a day there about the charts by some great Technicians. Not only will you learn to better understand the charts, but the posts will also help you make market decisions. The majority of the posts use charts to highlight current market conditions and explain in detail what they are illustrating. They only take about five minutes a day to look at and I promise you that if you give them a glance you will start to understand the charts in no time at all! Now on to todays stuff…
The market drifted again today as it stood back and watched the action on capital hill as congress voted on health care. Tomorrow, we have the all important jobs report on tap. Investors will be looking at those numbers closely to determine how soon the Fed will hike rates. Right now the talking heads are saying there is a 67% chance that the next rate hike will come in June. Today’s vote on health care while not effected the market directly can have a great impact indirectly. The rally that has occurred since November has been, is, and will be about deregulation and tax reform. The market views this as creating a more friendly business environment. Investors see Republican success in passing health care legislation as a signal that they can also cooperate with each other on tax reform. If market players see that there is a good chance that tax reform will be passed then this rally is most likely not done. Plain and simple, that’s it.
The days trading left us with the following results: Our TSP allotment added +0.95%. No that’s not a typo! That’s out performance!! I thank God again for guiding our group as He always has. For comparison, the Dow dropped -0.03%, the Nasdaq gained +0.05%, and the S&P 500 was up +0.06%.
Wall Street on Pause After GOP Scores Narrow Victory With Health Care Vote
The days action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Neutral. We are currently invested at 100/I. Our allocation is now +6.52% on the year. Here are the latest posted results:
| 05/04/17 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.3099 | 17.7076 | 33.1662 | 43.023 | 27.4186 |
| $ Change | 0.0009 | -0.0387 | 0.0213 | -0.1046 | 0.1498 |
| % Change day | +0.01% | -0.22% | +0.06% | -0.24% | +0.55% |
| % Change week | +0.02% | -0.26% | +0.25% | -0.79% | +1.17% |
| % Change month | +0.02% | -0.26% | +0.25% | -0.79% | +1.17% |
| % Change year | +0.81% | +1.49% | +7.43% | +4.94% | +11.45% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 18.8368 | 25.4179 | 28.3035 | 30.4668 | 17.4662 |
| $ Change | 0.0047 | 0.0140 | 0.0253 | 0.0318 | 0.0210 |
| % Change day | +0.02% | +0.06% | +0.09% | +0.10% | +0.12% |
| % Change week | +0.08% | +0.14% | +0.22% | +0.25% | +0.28% |
| % Change month | +0.08% | +0.14% | +0.22% | +0.25% | +0.28% |
| % Change year | +2.32% | +3.84% | +5.47% | +6.26% | +6.99% |
