Good Evening,
We woke up this morning with China and Europe both promising more quantitative easing to help their economies and the market loved it, gapping up strongly at the open. It was great for a while, but profit taking kicked in the the afternoon with the Dow and S&P holding onto only moderate gains while the Nasdaq struggled to stay in the green. Both our allocations performed well with AMP blowing all three of the major indices away and TSP not far behind.
Wall St. ends at records on central bank action
About 6.5 billion shares traded on all U.S. platforms, according to BATS exchange data, above the month-to-date average of 6.35 billion.
The week’s action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Neutral. We are now invested at 50/C, 20/S, 30/I. Our allocation is now -0.76% on the year not including today’s gains. We’re inching ever closer to that green grass! Here are the latest posted results:
| 11/20/14 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.5831 | 16.6494 | 27.0219 | 35.7519 | 24.9195 |
| $ Change | 0.0008 | 0.0175 | 0.0543 | 0.2670 | -0.0748 |
| % Change day | +0.01% | +0.11% | +0.20% | +0.75% | -0.30% |
| % Change week | +0.03% | -0.06% | +0.67% | +0.28% | +0.13% |
| % Change month | +0.12% | +0.03% | +1.90% | +0.80% | -0.85% |
| % Change year | +2.07% | +5.77% | +13.18% | +6.18% | -2.52% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 17.4135 | 22.8943 | 24.8134 | 26.3896 | 14.9804 |
| $ Change | 0.0074 | 0.0183 | 0.0277 | 0.0373 | 0.0225 |
| % Change day | +0.04% | +0.08% | +0.11% | +0.14% | +0.15% |
| % Change week | +0.12% | +0.24% | +0.30% | +0.34% | +0.37% |
| % Change month | +0.30% | +0.51% | +0.62% | +0.70% | +0.74% |
| % Change year | +3.55% | +5.04% | +5.77% | +6.26% | +6.52% |
Our move to the I fund proved to be fruitful as it doubled the gain of the S Fund today. Small caps seem to be topping out. I have reduced my exposure to them in the AMP Fund as well as in TSP.
Lets look at the C Fund today: All Charts courtesy of StockCharts.com
The C Fund is extended but continues to move up since breaching resistance (now support) at 2020. All indicators remain bullish for now.
It was a good week. God blessed us in that we tacked on nice gains in both TSP and AMP. At one time, while struggling with all the whipsaws, our allocation was down nearly 7%. At that time, I said that God had never left our group before. With today’s gains, we will only be a few tenths of a point from the green. Most importantly, we will have preserved all of the 37.3 % gain that we made in 2013. I believe if we keep praying we will end up adding to those gains in 2014. Give Him all the praise for He and He alone is worthy! Our task remains unchanged which is to monitor our charts for weakness and get as much out of this holiday run as we can. Have a great weekend and take a little time to get ready for Thanksgiving!
God bless,
Scott
