07/23/19

Good Evening, The market pushed higher today after investors got excited about a possible rate cut by the Fed next week and new meetings between high level US and Chinese Officials with regard to the trade war. As we have been saying it’s really all about those two issues. If we are fortunate enough to get a rate cut next week along with continued good earnings that should be enough to keep the ball rolling. One word of caution on the rate cut. It should be noted that most investors are fully expecting a .25% cut. However, there are a number of them that think we might get a .50% cut. How much a .50% cut has been priced into the market is anybodies guess. That makes the big question here whether or not the market will be disappointed with only a .25% cut. We will see. There is definitely a chance that there will be some type of pullback when the announcement is made. Nevertheless, it is my belief that the market will ultimately be happy about a .25 point cut and it will be rally on. Of course, I don’t even have to mention that should we by some long shot get a .50% cut there will be a major rally. After all, the market is still addicted to cheap money stemming from the quantitative easing program after the mortgage meltdown in 2008/2009. So what could possibly be better than cheap money?? Cheap money and a trade agreement with China. Now that would be Nirvana………

The days trading left us with the following results: Our TSP allotment posted a nice gain of +0.68%. For comparison, the Dow added +0.65%, the Nasdaq +0.58%, and the S&P 500 +0.68%. Praise God for a good day!

 

Earnings and trade optimism push Wall St. toward record high

The days action left us with the following signals: C-Neutral, S-Buy, I-Neutral, F-Neutral. We are currently invested at 100/C. Our allocation is now +12.38% for the year. Here are the latest posted results.

 

07/23/19 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 16.2189 19.2439 43.5827 53.1709 30.5801
$ Change 0.0010 -0.0233 0.2970 0.3690 0.1018
% Change day +0.01% -0.12% +0.69% +0.70% +0.33%
% Change week +0.02% -0.05% +0.97% +0.69% +0.22%
% Change month +0.13% -0.04% +2.27% +1.19% +0.05%
% Change year +1.42% +6.07% +21.22% +20.91% +14.48%
  L INC L 2020 L 2030 L 2040 L 2050
Price 20.6944 28.5526 33.1861 36.3212 21.1198
$ Change 0.0240 0.0422 0.1102 0.1438 0.0954
% Change day +0.12% +0.15% +0.33% +0.40% +0.45%
% Change week +0.16% +0.19% +0.41% +0.48% +0.54%
% Change month +0.38% +0.46% +0.85% +0.98% +1.09%
% Change year +5.10% +6.56% +11.98% +14.07% +15.85%

 

 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: The C Fund generated an overall neutral signal when the PMO  moved to join the MACD in a negative configuration. Two or more negative signals or the 5 EMA below the 50 EMA or 200 EMA  or an SCTR below 40 generate a neutral signal. Any three indicators negative accompanied by both or either the 5 EMA below the 50 EMA or 200 EMA or an SCTR below 40 generate a sell signal. A buy signal is generated then the 5 EMA is above the 50 EMA and the 200 EMA, One or less indicators are negative, and the SCTR is higher than 40.
S Fund:
I Fund:
F Fund:
We won’t really know where this market is heading until next week when the Fed meets. So buckle up and enjoy the ride. That’s all for tonight. Have a great evening and may God continue to bless your trades!
God bless, Scott Sunglasses
 
 ***Just a reminder that you can review the performance of our allocation at the Web Site TSPTALK.com in the autotracker section under the screen name KyFan1.
 
 
I produce and publish this blog as both a ministry and for the benefit of any Federal Government Employee. This is done to offer you some guidance as to how to approach your retirement more financially successful. When it is time for you to retire, I recommend you utilize the services of a Professional Money Manager, who works with a reputable investment firm. He understands the guidance you have already received and he can manage your savings assets utilizing a more advanced investment program into the future. 
 
If you would like to receive more information about this introduction, please feel free to contact me at  [email protected]. 

 

 

 

 

 

 

 

 



Written By

Scott Grimes

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