Good Evening, The market traded in an extremely narrow range today as the Dow and S&P 500 inched to new records once again. As usual, it’s all about the Fed which concludes it’s September policy meeting tomorrow with a 2:00 PM EDT news conference. While earlier in the year it was expected that an interest rate increase could take place during this meeting that is no longer the case. It is now speculated that if a rate increase occurs in 2017 that it will be in December. I concur with that logic. What investors will be looking at tomorrow will be indications in the FED statement as to when they will be will start reducing their large balance sheet of bonds. The train of thought here is that when the bonds are sold into the market that bond prices will fall which in turn cause bond yields to rise. If that takes place the profit margin of banks and financial institutions will increase. The thing to understand here is that if the Fed does not mention winding down the stimulus program (reducing the bonds they purchased) that the market will be disappointed and the financial sector will selloff possibly leading to a wider selloff. I’d say not to worry though, the market and the Fed have a now longstanding love affair. The market loves to love the Fed and I don’t think the Fed will do anything to change that tomorrow. Keep an eye on your charts when the statement is released….
The days trading left us with the following results. Our TSP allotment had a nice day with a gain of +0.47%. For comparison, the Dow was up +0.18%, the Nasdaq +0.10%, and the S&P 500 +0.11%. Thank God for another good day!
The days action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Neutral. We are currently invested at 100/I. Our allocation is now +14.32% on the year not including the days results. Here are the latest posted results:
| 09/18/17 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.4389 | 18.0625 | 35.0394 | 45.2313 | 29.4248 |
| $ Change | 0.0027 | -0.0178 | 0.0521 | 0.2524 | 0.0369 |
| % Change day | +0.02% | -0.10% | +0.15% | +0.56% | +0.13% |
| % Change week | +0.02% | -0.10% | +0.15% | +0.56% | +0.13% |
| % Change month | +0.10% | -0.33% | +1.40% | +2.01% | +1.92% |
| % Change year | +1.66% | +3.52% | +13.50% | +10.33% | +19.60% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 19.2053 | 26.1629 | 29.4826 | 31.911 | 18.3829 |
| $ Change | 0.0091 | 0.0211 | 0.0375 | 0.0480 | 0.0319 |
| % Change day | +0.05% | +0.08% | +0.13% | +0.15% | +0.17% |
| % Change week | +0.05% | +0.08% | +0.13% | +0.15% | +0.17% |
| % Change month | +0.39% | +0.66% | +1.04% | +1.21% | +1.38% |
| % Change year | +4.32% | +6.88% | +9.86% | +11.30% | +12.60% |
We’re still in an uptrend! That’s all for tonight. Have a great evening and may God continue to bless your trades!
