01/07/15

Good Evening,

With God’s help, our analysis was once again correct. We got our bounce today and the bleeding was stopped. Now we’ll see if we can get some follow through tomorrow. Remember, the recent pattern has been for one or two failed bounces to occur before we head back up. Yesterday’s fade into the afternoon definitely qualifies as one and while we did get a bounce that lasted all day today, we won’t be out of the woods until we get some meaningful follow through tomorrow. There is still a chance for today’s bounce to fail… The action was good to our TSP allotment which posted a solid gain of +1.226%. AMP, which is invested differently, broke even at +0.00515%. Not to worry, though… It is invested differently and will have its day. For comparison, the Dow added +1.23%, the Nasdaq +1.26%, and the S&P 500 +1.16%.

 

Wall Street ends up more than 1 percent, boosted by jobs data

 

The day’s action left us with the following signals: C-Neutral, S-Neutral, I-Sell, F-Buy. We are currently invested at 34/C, 66/S. Our allocation is now -2.76% on the year not including today’s gains. Here are the latest posted results:
01/06/15
Fund G Fund F Fund C Fund S Fund I Fund
Price 14.6215 16.9396 26.4285 35.2122 23.4383
$ Change 0.0008 0.0536 -0.2370 -0.4463 -0.1455
% Change day +0.01% +0.32% -0.89% -1.25% -0.62%
% Change week +0.02% +0.64% -2.69% -2.82% -3.22%
% Change month +0.03% +0.82% -2.71% -2.99% -3.22%
% Change year +0.03% +0.82% -2.71% -2.99% -3.22%
  L INC L 2020 L 2030 L 2040 L 2050
Price 17.3633 22.574 24.347 25.8126 14.5906
$ Change -0.0258 -0.0942 -0.1348 -0.1687 -0.1089
% Change day -0.15% -0.42% -0.55% -0.65% -0.74%
% Change week -0.51% -1.41% -1.84% -2.12% -2.43%
% Change month -0.50% -1.42% -1.85% -2.15% -2.46%
% Change year -0.50% -1.42% -1.85% -2.15% -2.46%
Here’s what the C Fund looked like today. (All Charts courtesy of Stockcharts.com)
The C Fund had a nice bounce today but is still giving a Neutral signal as two of our four indicators are negative. The Williams %R has turned up. This is an ultra short term indicator and is often the first indicator to signal a new trend (Up or Down).
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It is possible that we could experience another failed bounce in the morning. If that happens we will need to monitor our charts closely to make sure that the selling doesn’t get any worse. We will probably have follow through of the buying, as market players and the machines are programmed to play the bounce. Nevertheless, we must be on our toes just in case that doesn’t work out. That’s all for tonight! May God help us erase some more of our 2015 deficit! Have a nice evening and stay warm out there.
God bless,
Scott8-)

 



Written By

Scott Grimes

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