Good Evening, And the media selloff goes on…… The market went down out of the gate this morning. The media sector got it started, but disappointing earning reports from momentum stocks like Tesla, Green Mountain Coffee, and Fit Bit spread the selling to all things momentum as well. Eight out of ten S&P sectors were down resulting in negative days for all the major indices with the Nasdaq leading the way at -1.62%. There’s no way to sugar coat it. It wasn’t a good day.
The days selling left us with the following results: Our TSP allotment fell back -0.7632%. For comparison, the Dow dropped -0.69%, the Nasdaq -1.62%, and the S&P 500 -0.78%.
Media stock selloff leaves Wall Street bruised
The days action left us with the following signals: C-Neutral, S-Sell, I-Neutral, F-Neutral. We are currently invested at 33/C, 33/S, 34/I. Our allocation is now -0.31% on the year. Here are the latest posted results:
| 08/06/15 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.79 | 16.9078 | 27.8359 | 37.541 | 26.2803 |
| $ Change | 0.0008 | 0.0257 | -0.2094 | -0.4382 | -0.0363 |
| % Change day | +0.01% | +0.15% | -0.75% | -1.15% | -0.14% |
| % Change week | +0.04% | -0.16% | -0.90% | -1.34% | -0.20% |
| % Change month | +0.04% | -0.16% | -0.90% | -1.34% | -0.20% |
| % Change year | +1.19% | +0.63% | +2.47% | +3.43% | +8.51% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 17.7654 | 23.564 | 25.6416 | 27.341 | 15.5608 |
| $ Change | -0.0210 | -0.0720 | -0.1052 | -0.1340 | -0.0858 |
| % Change day | -0.12% | -0.30% | -0.41% | -0.49% | -0.55% |
| % Change week | -0.14% | -0.37% | -0.50% | -0.60% | -0.67% |
| % Change month | -0.14% | -0.37% | -0.50% | -0.60% | -0.67% |
| % Change year | +1.80% | +2.91% | +3.37% | +3.65% | +4.03% |
Lets hit the charts: (All signals annotated with Green Circles)
C Fund: Price closed below the 100 EMA today. The PMO and MAC D are in negative configurations putting the C fund at Neutral. This chart is getting weaker!
S Fund: Price bounced off the 200 EMA which is now acting as resistance. The MAC D whipsawed back to a negative configuration putting all indicators for this fund negative. This one is a sell and getting weaker. If it continues, we will be forced to sell this position. We have been waiting for our other equity based funds to resolve on way or the other before we made a decision concerning this fund.
I Fund: The I Fund is doing the best job of holding up of any of our equity based funds. Even though price dropped today, it still managed to close above it’s 50 EMA. The PMO, MACD, and Williams %R remain positive for a strong neutral signal. An SCTR of 86.5 shows this funds strength relative to the others.
F Fund: Price managed a modest gain on the day regaining it’s 100 EMA. I have revised the lower trend line to include this action in the ascending channel. We will see if it holds. This one is still a strong neutral.
Overall, things are starting to get weaker. We’ll see if the bears can continue to press the action. The C and I Funds are still in decent shape so there’s no need to rebalance our allocation just yet. That’s all for tonight. May God continue to bless your trades. Have a nice evening!
