10/09/18

Good Evening, The negative action continued today. Albeit it was somewhat muted compared to yesterday. The dip buyers made a go of it on a couple of occasions but it just wasn’t happening. I must admit that I thought we were primed for a nice bounce when bond yields dropped. It is likely that we’ll have more of the same type of action until we get some new earnings reports next week. The reports should be good bolstered further by the Trump tax cuts. The only thing that I see that could slow this down is possibly some bad guidance as a result of the trade war with China. That said, no one has a crystal ball. If they did we wouldn’t need charts!

The days trading left us with the following results: Our TSP allotment slipped -0.46% after being up most of the day. For comparison, the Dow was off -0.21%, the Nasdaq squeaked out a gain of +0.03%, and the S&P 500 dropped -0.14%.

 

 

Wall Street edges lower on global worries despite falling yields

The days action left us with the following signals: C-Neutral, S-Neutral, I-Sell, F-Sell. We are currently invested at 100/S. There is little doubt that our allocation has come under heavy pressure. Our goal is to make it to third quarter earnings which start next week. It’s going to be close! There’s no room for error. We are either going to be really right or really wrong. Our allocation is now +6.39% on the year not including the days results. Here are the latest posted results.

 

10/08/18 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.8766 17.6786 41.1805 51.996 29.8166
$ Change 0.0000 0.0000 0.0000 0.0000 0.0000
% Change day +0.00% +0.00% +0.00% +0.00% +0.00%
% Change week +0.00% +0.00% +0.00% +0.00% +0.00%
% Change month +0.04% -0.94% -0.95% -3.22% -2.33%
% Change year +2.16% -2.41% +9.49% +7.28% -3.37%
  L INC L 2020 L 2030 L 2040 L 2050
Price 20.0563 27.6844 31.9098 34.8584 20.2513
$ Change 0.0000 0.0000 0.0000 0.0000 0.0000
% Change day +0.00% +0.00% +0.00% +0.00% +0.00%
% Change week +0.00% +0.00% +0.00% +0.00% +0.00%
% Change month -0.36% -0.55% -1.08% -1.31% -1.50%
% Change year +2.59% +2.95% +3.82% +4.12% +4.41%

 

 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: It’s time for a bounce or we may get a sell signal. This chart is way overbought!
I Fund:
F Fund:

 

It is my hope and prayer that we won’t get a sell signal for the S Fund prior to earnings next week. If that happens we will have to decide whether or not we want to ignore the signal and hold into earnings to see if they give us a boost. That’s a tough call. It’s best that you start praying and thinking about it now so you will know what you want to do if indeed it happens. Personally, I am inclined to hold into earnings but I really won’t know for sure until the time comes. That’s the reason I’m praying that I won’t have to make that choice. Either way it’s going to be close! That’s all for tonight. Have a great evening and may God continue to bless your trades.

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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