07/30/18

Good Evening, Tech stocks continued the sell off that they began on Friday led by Facebook. The so called FANG stocks were hit the hardest. However, all tech stocks felt the pain as the sold off across the board. The broad based sell off put pressure on all the major indices pushing each of them into the red by the closing bell. It’s too early to tell if this is the beginning of something bigger. I’m inclined to think that it is not. Either way we’ll have to raise our level of caution and monitor our charts closely to see where things go from here. As I briefly mentioned Friday it’s the slow time of year so don’t expect stocks to move like a rocket ship. It’ll probably be more like a snail if they make any progress at all. Our task remains the same and that is to stay in the game until the fall when seasonality will again be on our side.

The days trading left us with the following results: Our TSP allotment fell back -0.87%. For comparison, the Dow lost -0.57%, the Nasdaq -1.39%, and the S&P 500 -0.58%. It definitely was a rough day out there.

 

Widespread tech sell-off drags Wall St. down

The days action left us with the following signals: C-Buy, S-Neutral, I-Neutral, F-Sell. We are currently invested at 100/S. Our allocation is now +6.86% on the year not including the days results. Here are the latest posted results:

 

07/27/18 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.7869 17.8306 40.0656 52.2244 30.9216
$ Change 0.0012 0.0153 -0.2652 -0.7987 0.1417
% Change day +0.01% +0.09% -0.66% -1.51% +0.46%
% Change week +0.06% -0.17% +0.61% -1.56% +1.34%
% Change month +0.21% -0.01% +3.80% +1.50% +2.72%
% Change year +1.59% -1.57% +6.53% +7.75% +0.21%
  L INC L 2020 L 2030 L 2040 L 2050
Price 19.9643 27.5572 31.7929 34.7489 20.1969
$ Change -0.0155 -0.0365 -0.0848 -0.1131 -0.0767
% Change day -0.08% -0.13% -0.27% -0.32% -0.38%
% Change week +0.14% +0.19% +0.31% +0.34% +0.37%
% Change month +0.79% +1.13% +1.95% +2.27% +2.54%
% Change year +2.12% +2.48% +3.44% +3.79% +4.13%

 

 

 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:
F Fund:
The only good news about today is that we need action like this to set us up for next move up. The trick is to stay in the game until that move comes…. That’s all for tonight. Have a nice evening and may God continue to bless your trades.
God bless, Scott 8-)
 
 ***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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