Good Evening,
I’d really like to say something profound and earth shattering about this market, but the truth is that it continues to trend up and the bears are powerless to stop it. You can spend a lot of time trying to figure out why this shouldn’t be happening or you can ride with the funds and stocks that are working for you now. There are some things that are working, and if they are working for you, then stick with them. Remember, the trend is your friend! Both TSP and AMP posted small to moderate gains again today! That’s all that matters. Give God the praise!
S&P 500 ticks up to record on central bank bets
The day’s action left us with the following signals: C-Buy, S-buy, I-Buy, F-Neutral. We are currently invested at 50/C, 20/S, 30/I. Our allocation is now -0.16% on the year not including today’s gains which will put it back in the green. May God be Praised! Here are the latest posted results:
| 11/21/14 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.584 | 16.6739 | 27.1672 | 35.8793 | 25.1421 |
| $ Change | 0.0009 | 0.0245 | 0.1453 | 0.1274 | 0.2226 |
| % Change day | +0.01% | +0.15% | +0.54% | +0.36% | +0.89% |
| % Change week | +0.04% | +0.09% | +1.21% | +0.64% | +1.03% |
| % Change month | +0.12% | +0.18% | +2.45% | +1.16% | +0.03% |
| % Change year | +2.08% | +5.92% | +13.79% | +6.56% | -1.65% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 17.4366 | 22.9686 | 24.9148 | 26.5117 | 15.0589 |
| $ Change | 0.0231 | 0.0743 | 0.1014 | 0.1221 | 0.0785 |
| % Change day | +0.13% | +0.32% | +0.41% | +0.46% | +0.52% |
| % Change week | +0.25% | +0.57% | +0.71% | +0.80% | +0.90% |
| % Change month | +0.43% | +0.84% | +1.03% | +1.16% | +1.27% |
| % Change year | +3.69% | +5.38% | +6.21% | +6.76% | +7.08% |
Let’s take a look at the C Fund today and see if we can get a snapshot of the overall market. (Charts courtesy of stockcharts.com)
There’s really nothing new. The C Fund remains within its upward ascending channel and is a solid buy. There’s nothing negative to say other than the fact that this index is extended.
The Monthly Chart of the C Fund gives you a better idea how long in the tooth this trend really is.
You have to wonder just how many new records this market can set. However, if you look at the chart above, you can also see that we were thinking the same thing when the S&P 500 was at 1600. Where would we be had we said that was the top. Trends often go on longer than we think is reasonable. The extended conditions this past year led many active money managers to think that a top was near which led almost all of them to under perform when they found themselves out of the market and unable to catch up. The moral of the story and the theme of the message today is that you stick with the trend as long as you can. Don’t worry about what is said at the coffee pot, don’t worry about what’s on CNN or CNBC. Worry about only one thing: your charts. You may have to adjust your indicators as we did this year, but in the end they will keep you solidly in the game. That’s all for tonight! With God’s guidance we are in the green for 2014! Give Him all the praise for He inhabits the praise of the faithful. May He continue to bless your trades.
Have a great evening!
God bless,
Scott
