10/11/17

Good Evening, the market eased up to new records in the afternoon session although it spent the bulk of the day near even. There wasn’t really anything to point to as a catalyst but there was a lot of talk on the street that President Trump was considering nominating Jerome Powell as the new Fed Chairman. The market approves of Mr. Powell because his views are seen to be the closest in line with Janet Yellen of any potential candidate. That is to say, his views are thought to be the most market friendly. The market loves to love the Fed but that has not always been the case. When you have a chairman that favors hiking rates on a schedule regardless of how it affects the market as some in the past have done it puts downward pressure on the market. Believe me when I say we all want market friendly Fed Chairman!

The days trading left us with the following results. Our TSP allotment under performed again today with a gain of +0.07%. For comparison, the Dow added +0.18%, the Nasdaq +0.25%, and the S&P 500 +0.18%. It’s hard to be patient but I believe we’ll have a our day.

 

Wall Street ticks higher to record close; eyes on earnings, Fed

The days action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Sell. We are currently invested at 100/S. Our allocation is now +15.23% on the year not including the days results. Here are the latest posted results:

 

10/10/17 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.4591 18.0373 35.7288 46.7748 29.8487
$ Change 0.0038 0.0290 0.0195 -0.0865 0.2687
% Change day +0.02% +0.16% +0.05% -0.18% +0.91%
% Change week +0.02% +0.16% +0.05% -0.18% +0.91%
% Change month +0.06% +0.01% +1.31% +1.18% +0.85%
% Change year +1.79% +3.38% +15.73% +14.10% +21.33%
  L INC L 2020 L 2030 L 2040 L 2050
Price 19.2993 26.377 29.8629 32.3929 18.6985
$ Change 0.0161 0.0329 0.0557 0.0690 0.0438
% Change day +0.08% +0.12% +0.19% +0.21% +0.23%
% Change week +0.08% +0.12% +0.19% +0.21% +0.23%
% Change month +0.28% +0.46% +0.73% +0.85% +0.96%
% Change year +4.83% +7.76% +11.28% +12.98% +14.53%

 

 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:
F Fund:
That’ all for tonight. Have a nice 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  [email protected]. 

 

 

 

 

 

 



Written By

Scott Grimes

  • 05/12/25

    Good Morning, Our charts told us we were at the bottom and the fundamentals agreed. The opportunity was so compelling that we probably jumped back in a few weeks to early, but we wanted to make darn sure we were positioned for the run that would surely come. The market dipped and many chicken little…

  • 05/05/25

    Good Morning, Inevitably, we will have a down day and today is it. Believe it or not the S&P 500 has gone up the past nine sessions and it’s been a long time since it’s done that. So a down day today is not so bad. The recent run has pretty much put things back…

  • 04/29/2025

    Good Afternoon, This was a Fed Driven market. It was all about when the Fed would be reducing interest rates based on inflation and that’s still the case to a certain degree, but in all actuality everything is waiting on the outcome of the tariff situation. So given that fact I’m going to say that…