Good Evening, The market opened higher, reversed and looked like it was going to have a major selloff, then moved off it’s lows to close mixed on the day. While things have been a little negative, there was really no immediate reason for the selling other than profit taking. Selling in the defensive utilities sector was a good example of that.
The days session left us with the following results: Our TSP allotment was slightly off at -0.07%. For comparison, the Dow dropped -0.13%, the Nasdaq added +0.36%, and the S&P slipped -0.09%.
The days action left us with the following signals: C-Buy, S-Buy, I-Sell, F-Buy. We are currently invested at 100/F. Our allocation is now +1.88% on the year not including todays results. Here are the latest posted results:
| 07/06/16 |
|
|
|
Prior Prices |
| Fund |
G Fund |
F Fund |
C Fund |
S Fund |
I Fund |
| Price |
15.0581 |
17.9958 |
28.6577 |
36.0818 |
22.8891 |
| $ Change |
0.0006 |
-0.0179 |
0.1628 |
0.2231 |
-0.0980 |
| % Change day |
+0.00% |
-0.10% |
+0.57% |
+0.62% |
-0.43% |
| % Change week |
+0.02% |
+0.40% |
-0.11% |
-0.71% |
-2.37% |
| % Change month |
+0.03% |
+0.61% |
+0.10% |
-0.30% |
-1.62% |
| % Change year |
+0.96% |
+6.14% |
+3.97% |
+2.40% |
-5.01% |
| |
L INC |
L 2020 |
L 2030 |
L 2040 |
L 2050 |
| Price |
18.0262 |
23.5496 |
25.4356 |
26.9546 |
15.22 |
| $ Change |
0.0095 |
0.0281 |
0.0442 |
0.0547 |
0.0355 |
| % Change day |
+0.05% |
+0.12% |
+0.17% |
+0.20% |
+0.23% |
| % Change week |
-0.14% |
-0.35% |
-0.53% |
-0.63% |
-0.73% |
| % Change month |
-0.04% |
-0.15% |
-0.26% |
-0.32% |
-0.38% |
| % Change year |
+1.42% |
+1.47% |
+1.48% |
+1.44% |
+1.29% |
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: Price held just above support at 208 and remains within the ascending wedge.
S Fund: The S fund generated an overall buy signal when the MACD moved into a positive configuration.
I Fund: The I Fund is still in a downtrend. As I mentioned yesterday, this leaves me concerned as any rally in US stocks needs the support of international socks in this global economy.
F Fund: Bonds were slightly off today, but price remains near the top of the established ascending channel. An SCTR of 67.4 is still tops within our TSP Funds.
There was some selling in a few defensive areas today such as utilities and reits. However, I could find no reason for the selling other than profit taking after a nice run in these areas. Nevertheless, any change in the markets character no matter how small is reason to raise our level of vigilance as it could always be the beginning of a trend change. For that reason we must monitor our charts carefully in the coming days for a possible change in direction. That said, I still don’t trust this uptrend. Not yet anyway. That’s all for tonight. Have a nice evening and may God continue to bless your trades.
God bless, Scott 
***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].
