Good Evening, Here’s my take after following the market today. Stocks took a breather to move into mixed territory for the day. So is the rally over? I don’t think so. Most of today’s selling is likely profit taking ahead of the Federal Reserve meeting which starts tomorrow and concludes on Wednesday. Even though the market loves to love the Fed, investors will often lock in profits before the meeting to protect their gains as Fed meetings are many times market moving events. That especially makes sense this time as bank and financial stocks sold off the hardest today. I understand that banks have made a very nice run, but there is nearly a 100% chance of a rate increase and higher interest rates will benefit banks. Perhaps I’m greedy, but I think there’s more to be had and I’m playing it that way in TSP and on the street. I am expecting another pop in the days following the FED meeting as investors pile back into bank and energy stocks. As usual, we’ll watch the charts and we’ll see…..
The days trading left us with the following results: Our TSP allotment stepped back -0.80%. For comparison the Dow set another record with a modest gain of +0.20%, the Nasdaq dropped -0.59%, and the S&P lost -0.11%. It’s really not surprising, the market often becomes cautious before the Fed Meeting. I just praise God for the nice run we’ve had in recent weeks and look forward to more.
Dow Posts Another Record Close but Nasdaq Slips Amid Tech Declines
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 allotment is now +10.81% on the year not including the days results. Here are the latest posted results:
| 12/09/16 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.1651 | 17.3571 | 31.124 | 41.7797 | 24.4917 |
| $ Change | 0.0010 | -0.0622 | 0.1839 | -0.0135 | 0.0396 |
| % Change day | +0.01% | -0.36% | +0.59% | -0.03% | +0.16% |
| % Change week | +0.05% | -0.27% | +3.13% | +4.43% | +2.92% |
| % Change month | +0.06% | -0.37% | +2.81% | +3.76% | +2.98% |
| % Change year | +1.67% | +2.37% | +12.92% | +18.57% | +1.65% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 18.4062 | 24.5129 | 26.9162 | 28.7821 | 16.4034 |
| $ Change | 0.0109 | 0.0345 | 0.0571 | 0.0709 | 0.0463 |
| % Change day | +0.06% | +0.14% | +0.21% | +0.25% | +0.28% |
| % Change week | +0.66% | +1.39% | +2.06% | +2.41% | +2.75% |
| % Change month | +0.62% | +1.28% | +1.89% | +2.21% | +2.52% |
| % Change year | +3.56% | +5.62% | +7.39% | +8.32% | +9.16% |
