11/28/17

Good Evening, Tax reform made progress in the Senate and the market liked what Jerome Powell who has been nominated to replace Janet Yellen as Fed Chairman had to say when he testified before the Senate banking committee today. The result was a decent rally fueled by a rotation into the financial sector as investors see the new Fed Chair nominee as being bank friendly. Specifically, he defended the need to roll back some of the banking regulations that were put in place after the financial crisis in 2008. Of course the tax reform bill making it’s way through the Senate contains a corporate tax cut to 20%  which is viewed as being a potential boost to American Corporations that will keep the current rally alive. However, be advised that there may yet be some bumps in the road as the Senate and House versions must me reconciled before a tax reform bill can be passed into law. The sticking point is that the Senate version contains a delay in the corporate tax cut while the House version does not. Nevertheless, the today’s progress was viewed as a positive and helped fuel the days advance.

The days trading left us with the following results: Our TSP allotment had a nice gain of 1.22%. For comparison, the Dow added 1.09%, The Nasdaq +0.49% and the S&P 500 +0.98%. Praise God for a great day!

 

Surging banks lead Wall Street to highs as tax plan advances

The days action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Neutral. We are currently invested at 100/S. Our allocation is now +16.86% on the year not including the day’s results. Here are the latest posted results:

 

11/27/17 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.5063 18.0952 36.5297 47.4382 30.3031
$ Change 0.0030 0.0108 -0.0097 -0.1878 -0.1058
% Change day +0.02% +0.06% -0.03% -0.39% -0.35%
% Change week +0.02% +0.06% -0.03% -0.39% -0.35%
% Change month +0.18% +0.26% +1.21% +1.19% +0.84%
% Change year +2.10% +3.71% +18.32% +15.71% +23.17%
  L INC L 2020 L 2030 L 2040 L 2050
Price 19.4204 26.612 30.2478 32.8662 19.0003
$ Change -0.0033 -0.0133 -0.0306 -0.0415 -0.0284
% Change day -0.02% -0.05% -0.10% -0.13% -0.15%
% Change week -0.02% -0.05% -0.10% -0.13% -0.15%
% Change month +0.37% +0.52% +0.75% +0.86% +0.95%
% Change year +5.49% +8.72% +12.72% +14.63% +16.38%

 

 

 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: The C fund generated an overall buy signal when the PMO and MACD moved into positive configurations.
S Fund:
I Fund: The I Fund generated an overall buy signal when the PMO and MACD moved into positive configurations.
F Fund:
That’s all for tonight. Just keep watching the charts. Have a great 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

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