Good Evening,
We started the morning with a great employment report which I thought would drive the market to new heights. Yes, even I thought it would break us out of the doldrums that we have been in. True, the market ended up for the seventh week in a row, but if I had to describe it, I would call it an ugly up. Suffice to say, bonds and gold tumbled while stocks wanted to go down but just couldn’t do it. It was, as it has been, the market that just refuses to fall. The major indices ended the day with small gains and as a result our TSP and AMP allotments did the same.
Wall Street rises for 7th week, but ends off its highs
The week’s action left us with the following signals: C-Buy, S-Neutral, I-Buy, F-Buy. We are currently invested at 50/C, 50/I. Our allotment is now -0.10% on the year not including today’s gains. Here are the latest posted results:
| 12/04/14 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.5949 | 16.7225 | 27.3001 | 35.8367 | 25.1328 |
| $ Change | 0.0008 | 0.0233 | -0.0311 | -0.0933 | -0.0158 |
| % Change day | +0.01% | +0.14% | -0.11% | -0.26% | -0.06% |
| % Change week | +0.03% | -0.27% | +0.25% | -0.29% | -0.51% |
| % Change month | +0.03% | -0.27% | +0.25% | -0.29% | -0.51% |
| % Change year | +2.16% | +6.23% | +14.35% | +6.43% | -1.69% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 17.4589 | 23.0077 | 24.9615 | 26.5631 | 15.0888 |
| $ Change | -0.0022 | -0.0122 | -0.0185 | -0.0240 | -0.0159 |
| % Change day | -0.01% | -0.05% | -0.07% | -0.09% | -0.11% |
| % Change week | +0.01% | -0.03% | -0.05% | -0.06% | -0.08% |
| % Change month | +0.01% | -0.03% | -0.05% | -0.06% | -0.08% |
| % Change year | +3.82% | +5.56% | +6.40% | +6.96% | +7.29% |
Lets take a look at the C Fund. (Chart courtesy of Stockcharts.com)
As I have often said, the C Fund (S&P 500) gives us a good snapshot of the market as a whole. The DOW that is often quoted by the talking heads is overrated in that aspect. I have annotated most of the main areas of the chart. I really prefer to let it do the talking, as I know that by now, most of you can read charts pretty well. The C Fund continues to give a buy signal with price following the lower trend line up at a snail’s pace. The PMO may be starting to weaken, which could be the first sign of a top. We will watch this carefully. Other than that and the fact that this chart (as they all are) is extended, I have no major concerns with the C Fund at this time. It is an excellent reflection of what is going on in the market.
Nothing new to add; we will continue to vigilantly scan our charts for weakness as the market slowly creeps ever higher and let God will guide us as He always has! Have a great evening!
God bless,
Scott
