Good Evening, The market started off the morning cheered by the announcement that the EU and Britain had reached a deal on the upcoming British exit from the European Union better known as Brexit. Traders didn’t seem bothered by the fact that the British Parliament still must approve the deal before it is actually a deal. That folks could be a potential landmine for a future trading day, but as for now it’s no problem. The moderately cheerful mood continued into the afternoon on additional good earnings reports. Morgan Stanley (MS) and Netflix (NFLX) were some of the more notable names to beat estimates. As I said Tuesday, it’s too early too tell but the theme of this earnings season could be surprise earnings beats. Especially in the financial sector. Bank after bank are making good reports with most of them coming as a result of bond trading. At any rate investors appeared less worried about the world economy and Geo Political events in particular. Also worth mentioning, there was more positive talk about the trade negotiations with China. I’ll count that has a positive when I actually see a deal and not before. Whatever is gained today on China will be lost tomorrow on China. I will add as well that there certainly seems to be a lot of fake news on this subject. That’s the reason it’s best to just watch the charts. The price action is the only thing that will truly tell you where this market might be heading…….

The days trading left  us with the following results: Our TSP allotment posted a gain of +0.28%. For comparison, the Dow was up +0.09%, the Nasdaq +0.40%, and the S&P 500 +0.28%. Thank God for another day in the green!

The days action left us with the following signals: C-Buy, S-Neutral, I-Buy, F-Neutral. We are currently invested at 100/C. Our allocation is now +7.68% on the year not including the days results. Here are the latest posted results.

God bless, Scott 

 

 ***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  [email protected].