Good Evening, Just when you thought they couldn’t kick the can down the road, they did it again, at least for a few days anyway. The market gapped up in the morning on favorable news that the EU was seriously considering a reform proposal put forth by Greece. Of course this was the last day to possibly make a deal or so we thought. Then against all odds the EU figured out another way to kick the can down the road. If there was ever an expert at this, it is the EU. They said that the proposal could possibly lead to a deal, but that they will have to study it for a few days. My understanding is that Greece runs out of cash later this week. So how long can this go on? How many last chances are they going to give the leftist Greek government? The bottom line is that the market will trade on every rumor or piece of news that comes out between now and the end of this week concerning Greece. All I can say is they must really want Greece to stay in the EU……. A whole lot more than I do. I am very tired of Greece……..
The market ended the day right were it started. That said, it started on a gap up so it finished with solid gains. The days trading left us with the following results: Our TSP allotment added +0.54%. For comparison, the Dow gained +0.58%, the Nasdaq +0.72%, and the S&P 500 +0.61%. Thank God for a good day!
Wall Street rises on Greece optimism, Nasdaq ends at record
The days action left us with the following signals: C-Buy, S-Buy, I-Neutral, F-Sell. We are currently invested at 30/C, 70/S. We will check the balance of our allotment again on the 25th. Our allotment is now +5.09% on the year not including the day’s gains. Here are the latest posted results.
| 06/19/15 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.7475 | 16.8556 | 28.1194 | 39.056 | 26.3452 |
| $ Change | 0.0008 | 0.0616 | -0.1502 | -0.0517 | 0.0223 |
| % Change day | +0.01% | +0.37% | -0.53% | -0.13% | +0.08% |
| % Change week | +0.04% | +0.51% | +0.78% | +1.07% | -0.39% |
| % Change month | +0.11% | -0.80% | +0.25% | +1.79% | -0.73% |
| % Change year | +0.90% | +0.32% | +3.51% | +7.60% | +8.78% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 17.7649 | 23.669 | 25.8279 | 27.6042 | 15.736 |
| $ Change | -0.0067 | -0.0286 | -0.0410 | -0.0508 | -0.0330 |
| % Change day | -0.04% | -0.12% | -0.16% | -0.18% | -0.21% |
| % Change week | +0.17% | +0.29% | +0.36% | +0.42% | +0.45% |
| % Change month | +0.08% | +0.11% | +0.15% | +0.20% | +0.22% |
| % Change year | +1.80% | +3.36% | +4.12% | +4.64% | +5.20% |
Lets take a look at the charts. (All signals annotated with Green Circles)
C Fund: The C Fund moved to a buy signal today when the PMO crossed up though it’s EMA. Price is starting to close in on it’s all time high. If Greece helps us out, we may grab a gain on the month. Talk about squeezing blood out of a turnip…….
S Fund: Price remains above support at 94 and the S Fund remains on a buy signal.
I Fund: Price made a huge move back above resistance at 66.70 and the MAC D moved into a positive configuration. The I Fund is firming up it’s Neutral signal. It’s all about Greece here. Hopefully, we’ll know something by the time we rebalance.
F Fund: Price moved back into the middle of the descending trading channel. Bonds are still in a downtrend. There’s nothing else to say here.
For the rest of this week, it’s all about Greece. We should know something by Thursday, but then again it’s Greece and the EU. Can they possibly find a way to drag this out further??? That’s all for tonight. May God continue to guide your trades! Have a nice evening.
