Good Evening, If you never commit more than a handful of issues concerning the market to memory let this be one of them. Investors will stick with a market pattern as long as it works and until it doesn’t work. As I have repeated several times a pattern of buying dips has been in place for several years now. It has worked and continues to work so today’s reversal should come as no surprise to anyone that reads this blog. Someday it will come to an end, but for now you can count on the dip buyers to show up like clock work any time the market drops. Todays news or rather excuse for the buying was that European Central Bank President Mario Draghi backed off his hawkish rhetoric from yesterday. You already know what I think….the market was going to bounce back anyway. It trades more on technical set ups than it does fundamentals these days. If the machines are programed to buy they buy. They don’t really care what the ECD or the FMC or anyone else has to say about it. It is true that that many of the algorithms are programed to buy or sell when the pick up on certain words in the news. However, those dips are usually short lived and only add to the phenomenon of the V Shaped bounce. The bottom line is that we made money today. Praise God for that!
The days rally left us with the following results: Our TSP allotment gained 0.87%. For comparison, the Dow added +0.68%, the Nasdaq +1.43%, and the S&P 500 +0.88%.
Wall Street stocks surge as banks, tech sectors spark rebound
The days action left us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Neutral. We are currently invested at 100/I. Our allocation is now +9.56% for the year not including the days results. Here are the latest posted results:
| 06/27/17 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.361 | 17.9532 | 33.6924 | 43.7248 | 28.2004 |
| $ Change | 0.0009 | -0.0475 | -0.2737 | -0.4275 | -0.0209 |
| % Change day | +0.01% | -0.26% | -0.81% | -0.97% | -0.07% |
| % Change week | +0.02% | -0.18% | -0.77% | -0.73% | +0.21% |
| % Change month | +0.17% | +0.32% | +0.43% | +1.61% | +0.28% |
| % Change year | +1.15% | +2.89% | +9.13% | +6.66% | +14.63% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 18.9743 | 25.6862 | 28.7088 | 30.9577 | 17.7738 |
| $ Change | -0.0253 | -0.0654 | -0.1141 | -0.1443 | -0.0936 |
| % Change day | -0.13% | -0.25% | -0.40% | -0.46% | -0.52% |
| % Change week | -0.09% | -0.18% | -0.30% | -0.35% | -0.40% |
| % Change month | +0.25% | +0.33% | +0.43% | +0.48% | +0.53% |
| % Change year | +3.06% | +4.94% | +6.98% | +7.97% | +8.87% |
