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  KyFan1@aol.com. 

 

 

 

 

 

 



Written By

Scott Grimes

  • 09/08/25

    Good Morning, The train left the station after Fridays jobs report. That may have well been the bottom of the current dip. It is now highly likely that the Fed will reduce rates on Sept 17th. More on that later. Right now lets focus on our trains next stop which will be Wednesdays Producer Price…

  • 09/01/25

    Good Afternoon, Happy Labor Day! I hope this note finds you enjoying some fine cuisine fresh off the grill! Well here we are starting a new month. The dreaded month of September. The weakest month for the stock market since the 20’s and here we are 100% invested in equities. What gives? First of all…

  • 08/24/2024

    Good Afternoon, We talked last week about Jerome Powell’s speech at Jackson Hole Wyoming being a possible inflection point for the market and that’s exactly what it ended up being. The Fed chairman gave a somewhat dovish address in which he noted that  “the baseline outlook and the shifting balance of risks may warrant adjusting…