Good Evening,
The market was slightly negative most of the day but perked up when the minutes from the last FED meeting were released at 2:00 PM ET. Traders became excited as the minutes indicated that there was almost no chance of an interest rate increase in June. However, the spike lasted about as long as an ice cube in the Sahara desert when it was reported that the commerce department messed up the calculations on the 1st quarter GDP and the that the numbers may have actually been stronger than initially reported. This put the doubt about a June rate increase back on the table. So the major indices ended the day mixed. Oh what a fickle bunch these traders are. What is it that the Bible says? “A double minded man is unstable in all his ways”…… Enough said.
The day’s action left us with the following results: Our TSP allotment actually managed a small gain of +0.106%. For comparison, the Dow dipped -0.15%, the Nasdaq added +0.03%, and the S&P 500 lost -0.09%. I thank God for our small gain!
Dow, S&P 500 end slightly lower after Fed minutes
The day’s trading left us with the following signals: C-Buy, S-Buy, I-Buy, F-Sell. We are currently invested at 23/C, 14/S, 63/I. Our allocation is now +5.91% on the year, not including the today’s results. Here are the latest posted results.
| 05/19/15 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.7223 | 16.874 | 28.3038 | 38.6238 | 27.0257 |
| $ Change | 0.0008 | -0.0303 | -0.0124 | -0.0714 | -0.1438 |
| % Change day | +0.01% | -0.18% | -0.04% | -0.18% | -0.53% |
| % Change week | +0.02% | -0.54% | +0.27% | +0.66% | -0.62% |
| % Change month | +0.10% | -0.95% | +2.21% | +2.51% | +1.40% |
| % Change year | +0.72% | +0.43% | +4.19% | +6.41% | +11.59% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 17.773 | 23.7616 | 25.9623 | 27.7625 | 15.8454 |
| $ Change | -0.0078 | -0.0272 | -0.0382 | -0.0466 | -0.0305 |
| % Change day | -0.04% | -0.11% | -0.15% | -0.17% | -0.19% |
| % Change week | +0.00% | +0.01% | +0.03% | +0.05% | +0.05% |
| % Change month | +0.43% | +1.01% | +1.30% | +1.50% | +1.70% |
| % Change year | +1.85% | +3.77% | +4.66% | +5.24% | +5.93% |
Let’s take a look at the charts.
C Fund: Price finished the day with a slight drop, but the overall chart remains unchanged.
S Fund: Price finished slightly in the green. However, like the chart for the C Fund, this chart remains unchanged.
I Fund: The I Fund managed a little better gain than the other equity based charts with price finishing in the center of the ascending wedge. The small gain was reflected in the VTX which changed to a bullish signal.
F Fund: Price managed a small gain bouncing off of resistance at close to 109.5. However, it wasn’t enough to change this chart as it remains firmly in a downtrend.
The day was just plain flat. The good news is that we maintained all of our gains. Summer trading is usually low volume/slow trading with an occasional crisis thrown in to wake you up. Keep your eyes on the charts and don’t fall asleep! That’s all for tonight. May God continue to bless your trades!
God bless,
Scott
