Good Evening,
The S&P 500 set a new record today, but is wasn’t exactly lighting things up. The C Fund which tracks the S&P 500 managed a small gain of +0.18%. The S and I funds closed within spitting distance of each other posting gains of +0.19 and +0.21% respectively. It was the big caps that held the market together as traders flocked to stocks like Microsoft and Apple. A little troubling was the way that small caps struggled, but on the bright side the Nasdaq posted a solid gain of +0.40. The Nasdaq is often a good predictor of things to come so perhaps the Dow will follow through in the days to come. Also, for those of you with money invested in AMP program, that portfolio bested the Dow and S&P again today with another nice gain of +0.36%. Like I said yesterday, its a rare day that TSP can beat us on the street…….there just aren’t enough investment options.
NEW YORK (CNNMoney)
It wasn’t exactly “shock-and-awe,” but stocks churned out another record close on Wednesday thanks to strong results from companies like Apple and Delta.
The day’s action left us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Buy. We are currently invested at 25/C, 75/S. Out allocation is now -3.26% for the year not including today’s gains. Here are the latest posted results:
| 07/22/14 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.4737 | 16.4501 | 25.9198 | 35.176 | 26.7275 |
| $ Change | 0.0009 | 0.0145 | 0.1294 | 0.2411 | 0.2037 |
| % Change day | +0.01% | +0.09% | +0.50% | +0.69% | +0.77% |
| % Change week | +0.02% | +0.13% | +0.27% | +0.34% | +0.52% |
| % Change month | +0.14% | +0.13% | +1.29% | -1.64% | -0.49% |
| % Change year | +1.31% | +4.50% | +8.56% | +4.47% | +4.55% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 17.2634 | 22.7458 | 24.6587 | 26.2257 | 14.9132 |
| $ Change | 0.0223 | 0.0729 | 0.1011 | 0.1238 | 0.0796 |
| % Change day | +0.13% | +0.32% | +0.41% | +0.47% | +0.54% |
| % Change week | +0.09% | +0.20% | +0.25% | +0.28% | +0.31% |
| % Change month | +0.19% | +0.21% | +0.20% | +0.16% | +0.15% |
| % Change year | +2.66% | +4.36% | +5.11% | +5.60% | +6.04% |
Here’s what the C Fund looked like today.
The Chart is a solid neutral at this time, but is improving. The EMA’s are stacked strong giving a strong buy signal, but it is rated at neutral as the PMO remains in a negative crossover. Slightly bullish, however, is the fact that the PMO bottomed and turned up today. All in all, I would say that this chart has room for a short term run.
The fact that small caps are struggling is a concern that should keep us on our toes. However, the success in the Nasdaq and the fact that the PMO turned up on the S&P chart are slightly bullish. It’s my humble opinion that continued good earnings reports will support the market for now. That’s all for tonight. Have a nice evening!
God bless,
Scott
