07/27/17

Good Evening, The classic battle that is Facebook vs. Twitter went another round today. Facebook blew earnings estimates away yet again while Twitter reported that revenue dropped 5%. The Twitter report was the only excuse that traders needed to take profits after the Nasdaq had been in the green all but one day in the last three weeks. The surprise selloff in tech pulled the broader market down with it although the Dow did show a gain on the day as Boeing out performed. The Dow is an index made up of 30 large cap blue chip companies. It is also a weighted index meaning that some companies make up a larger percentage of the index than others. Boeing happens to be one of the more heavily weighted stocks in the index. Thus it was able to pull the index into the green. This is just another example of why you cannot trust the Dow as an indicator of true market action. The S&P 500 remains the best gauge of overall market performance. Dip buyers did show up to drive the market well off it’s lows for the day prior to the bell. It is possible that we could get a correction which would actually be a good thing in that it would unwind some of the overbought conditions. This would be considered healthy behavior in a sustained bull market. However, a correction may be a somewhat unlikely scenario with the dip buyers so willing to step in at any sign of weakness. Constant upward movement with little or no pullbacks have been a hallmark trait of this bull market.

The days trading left us with the following results: Our TSP allotment fell back -0.22%. For comparison, the Dow gained +0.39%, the Nasdaq lost -0.63%, and the S&P 500 slipped -0.10%.

 

Twitter Sparks Surprise Tech Selloff, Nasdaq Backs Away From Records

 

The days action left us with the following signals: C-Buy, S-buy, I-Buy, F-Neutral. We are currently invested with 100% in the I Fund. Our allotment is now +12.36% on the year not including the days results. Here are the latest posted results:

 

07/26/17 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.3886 17.9546 34.5506 44.941 28.9203
$ Change 0.0010 0.0426 0.0098 -0.1992 0.2094
% Change day +0.01% +0.24% +0.03% -0.44% +0.73%
% Change week +0.03% -0.23% +0.22% +0.40% +0.64%
% Change month +0.16% +0.41% +2.35% +2.06% +3.03%
% Change year +1.33% +2.90% +11.91% +9.62% +17.55%
  L INC L 2020 L 2030 L 2040 L 2050
Price 19.0969 25.9642 29.1845 31.5532 18.1595
$ Change 0.0101 0.0215 0.0348 0.0423 0.0259
% Change day +0.05% +0.08% +0.12% +0.13% +0.14%
% Change week +0.08% +0.14% +0.23% +0.26% +0.30%
% Change month +0.64% +1.07% +1.63% +1.89% +2.12%
% Change year +3.73% +6.07% +8.75% +10.05% +11.23%

 

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 charts are holding up well so no changes are required. Thank God for that! Have a nice evening.
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  KyFan1@aol.com. 

 

 

 

 

 



Written By

Scott Grimes

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