Good Evening, The Tech sector stumbled again today and the rest of the market followed. There was a lot of negative talk out there about how the market is topping. I’m not buying it just yet. I still think that the leadership is shifting to industrials and financials although I will admit that those areas sold off to a somewhat lesser degree today. As I read the news this evening it is yet another example of how most of the time the news is written to match the market results and seldom influences the market. For instance just yesterday they were writing about how the tech sector sold off but that the fundamentals of the economy were rock solid. So there was really no reason for the sell off. Today the news crafters became a lot more negative as the market failed to bounce back as they though it should. Now all at once, the economy is not so good and may not be able to support another interest rate increase. My, it sure is funny how it went from being such a good economy yesterday to such a bad one today. Overnight, well wonders never cease. However, it is not so hard to understand when you look at the market results. The market didn’t do what they expected today so they had to write something to match it. The sad thing about all this is that some folks are actually making investment decisions based on this news. Thank God we have the charts! I’ll take the S&P 500 Index over CBS, NBC, ABC, and Fox news any day!
The days trading gave us the following results: A strong dollar weighed on our TSP allotment today as it dropped -1.04%. For comparison, the Dow was off -0.07%, the Nasdaq -0.47% and the S&P 500 -0.22%. We have seen better days to be sure but I thank God for the good year we have had so far.
Tech sputters again, dragging Wall Street lower
The days action left us with the following signals: C-Buy, S-Buy, I-Neutral, F-Neutral. We are currently invested with 100% in the I Fund. Our allotment is now +10.28% on the year not including the days results. Here are the latest posted results.
| 06/14/17 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.3487 | 17.9674 | 33.9394 | 44.0952 | 28.3852 |
| $ Change | 0.0010 | 0.0680 | -0.0314 | -0.1800 | 0.1530 |
| % Change day | +0.01% | +0.38% | -0.09% | -0.41% | +0.54% |
| % Change week | +0.03% | +0.35% | +0.29% | +0.23% | +0.70% |
| % Change month | +0.09% | +0.40% | +1.16% | +2.47% | +0.94% |
| % Change year | +1.07% | +2.98% | +9.93% | +7.56% | +15.38% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 18.9913 | 25.7495 | 28.8328 | 31.1189 | 17.8806 |
| $ Change | 0.0073 | 0.0122 | 0.0161 | 0.0183 | 0.0099 |
| % Change day | +0.04% | +0.05% | +0.06% | +0.06% | +0.06% |
| % Change week | +0.13% | +0.20% | +0.28% | +0.32% | +0.36% |
| % Change month | +0.34% | +0.58% | +0.86% | +1.01% | +1.13% |
| % Change year | +3.16% | +5.20% | +7.44% | +8.54% | +9.52% |
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:
S Fund:
I Fund: Price broke it’s lower trend line today. We’ll have to keep a close eye in support at 65.20.
F Fund:
I keep reminding myself that it’s summer. I also have to keep reminding myself that sooner or later this uptrend will indeed turn into a bear market. However, the charts are going to have to break many levels of support before we see that. We just always need to have our minds prepared to act without question when the day comes. We must always remain disciplined. That’s all for tonight. Have a nice evening and may God continue to bless your trades.
