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%.
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% |
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.
