08/24/16

Good Evening, The market experienced a little more than it’s recently normal drop today. Actually, it was not so much the drop as it was the lack of dip buyers to drive it back to or near the neutral point. Is this the beginning of something bigger? Of course that could always be the case, but before we get too excited we should take note of the fact that we are still in the same trading zone that we have been in for the past 8 weeks. Yeah, it’s been a while… Anyway, It seems that investors aren’t willing to make any bets ahead of Janet Yellen’s speech at Jackson Hole Wyoming on Friday. As I have been saying, it’s all about that speech. That’s the next foreseeable market moving event. I might also add that Hillary Clintons speech in which she knocked the makers of EpiPens for price gouging causing all biotechs to sell off which drove the market down even further. No politics here…just commenting on the market. If you owned any biotech stock today then you know exactly what I’m talking about!

The days trading left us with the following results: Our TSP allotment slipped back -0.04% which is not bad when compared to the major indices. For instance, the Dow lost -0.35%, the Nasdaq -0.81%, and the S&P 500 -0.52%.

 

Wall St. falls as healthcare, materials stumble

 

The days action left us with the following signals: C-Neutral, S-Neutral, I-Buy, F-Neutral. We are currently invested at 100/F. Our allocation is now +1.84% on the year not including the days results. Here are the latest posted results:

08/23/16 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.0875 17.9892 29.9274 38.6736 24.8338
$ Change 0.0006 0.0007 0.0594 0.2193 0.1372
% Change day +0.00% +0.00% +0.20% +0.57% +0.56%
% Change week +0.02% +0.22% +0.14% +0.78% +0.70%
% Change month +0.09% -0.07% +0.82% +1.38% +1.58%
% Change year +1.15% +6.10% +8.58% +9.76% +3.07%
  L INC L 2020 L 2030 L 2040 L 2050
Price 18.2656 24.1915 26.4235 28.1742 16.0033
$ Change 0.0136 0.0388 0.0614 0.0767 0.0498
% Change day +0.07% +0.16% +0.23% +0.27% +0.31%
% Change week +0.11% +0.20% +0.28% +0.32% +0.37%
% Change month +0.29% +0.54% +0.75% +0.86% +0.97%
% Change year +2.77% +4.24% +5.43% +6.03% +6.50%

 

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 is still hanging out above support at 217.50. I won’t get too concerned as long as this support holds.
C Fund
S Fund: Even with the price drop today, price continues to put distance between it’s 20 EMA and support at 89. The SCTR remains decent at 73.7.
S Fund
I Fund: Price is trading right on resistance at 59.0. So far it has been unable to move significantly above this area. It needs to move above 59 and stay there before we can consider putting any cash here. That said, the I fund is still a buy and recently has been the strongest of any of our thrift funds. The SCTR has now moved back up to 43 reflecting this strength.
I Fund
F Fund: Price is starting to put a little daylight between itself and support at 112.30. The key word here is little. An improving MACD and Williams %R may be signaling some more upside. We will see how Fridays speech affects bonds. A strong hint of a rate increase could cause the price of bonds to drop.
F Fund
Nothing new to add here. We’re still in the zone. 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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