Good Evening, Greece and the EU came to an agreement in the wee hours of the night and stocks rose. It looks like to me that there are still a lot of possible pitfalls, but they are calling it a deal. You can read all about it in the news link. The days rally left us with the following results: Our TSP allotment slipped -0.15%. For comparison the Dow gained 1.22%, the Nasdaq +1.48%, and the S&P 500 +0.99%. As you can see stocks and bonds are still going in opposite directions……. We could rebalance our allotment based on the news, but the 20 EMA is still below the 50 EMA on all of our equity based charts. So with only one trade left for the month of July, we have to stay put until we get some buy signals and the bulls still have a little work to do to get us back into an uptrend.

Wall Street rallies on Greek deal; tech stocks jump

The days action left us with the following signals: C-Sell, S-Sell, I-Sell, F-Neutral. We are currently invested at 100/F. Our TSP allotment is now +1.22% on the year not including today’s results. Here are the latest posted results:

Lets take a look at the charts:  (All signals annotated with Green Circles)

C Fund: The 20 EMA is still below the 50 EMA as it is with all our equity based charts. Price did manage to reclaim the ascending wedge. The PMO turned up.

S Fund: The 20 EMA is still below the 50 EMA. The PMO turned up.

I Fund: The 20 EMA is still below the 100 EMA. The PMO turned up. This one took the most damage in the downturn so naturally it has the most work to do to get back to a buy signal.

F Fund: Price is gain testing support at 108.10. For now it’s still neutral, but the PMO, MAC D, and WMs %R are fading.

If we had another trade, I’d move to the G Fund until I see some buys signals in the equity based funds. Such as it is we’ll have to tough it out in bonds. The limited amount of interfund transfers definitely has a negative effect on the way that you have to trade in Thrift. For now, we’ll keep watching our charts and trusting in God. Have a nice evening.

 God bless, Scott

 

 ***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 in to the future. 

 

If you would like to receive more information about this introduction, please feel free to contact me at  [email protected].