Good Evening, Yesterday we talked about a delayed sell the news reaction and how it might not benefit us not to jump right back into equities. Today was a textbook example of what we were talking about as the market sold off to the tune or triple digits giving up yesterday’s gains plus a little more. The market partied on the Fed rate increase yesterday, but woke up with a hangover this morning as it realized that we actually have a hawkish Fed on our hands. Also we had our old friend crude oil dropping again. So goes oil, so goes the market……
The days trading left us with the following results. Our TSP allotment was steady in the G fund. For comparison, the Dow lost -1.43%, the Nasdaq -1.35%, and the S&P 500 -1.50%.
Fed Rally Quickly Fizzles as Oil Skids Below $35
The days action left us with the following signals: C-Sell, S-Sell, I-Sell, F-Sell. We are currently invested at 100/G. Our allocation is now +0.16% on the year not including the days results. Here are the latest posted results:
12/16/15 | Prior Prices | ||||
Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
Price | 14.9023 | 16.932 | 27.9327 | 35.4711 | 24.1385 |
$ Change | 0.0008 | -0.0163 | 0.4017 | 0.5170 | 0.4790 |
% Change day | +0.01% | -0.10% | +1.46% | +1.48% | +2.02% |
% Change week | +0.03% | -0.74% | +3.04% | +2.16% | +2.09% |
% Change month | +0.09% | -0.43% | -0.25% | -3.27% | -1.85% |
% Change year | +1.96% | +0.78% | +2.82% | -2.27% | -0.33% |
L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
Price | 17.7924 | 23.2935 | 25.1933 | 26.7344 | 15.1314 |
$ Change | 0.0570 | 0.1830 | 0.2620 | 0.3195 | 0.2056 |
% Change day | +0.32% | +0.79% | +1.05% | +1.21% | +1.38% |
% Change week | +0.51% | +1.24% | +1.64% | +1.89% | +2.14% |
% Change month | -0.17% | -0.56% | -0.81% | -1.00% | -1.16% |
% Change year | +1.96% | +1.72% | +1.56% | +1.35% | +1.16% |
Perhaps we’ll get a little holiday cheer tomorrow. Only the charts will tell the truth so we’ll keep a close eye on them and play the action that’s before us. That’s all for tonight.
God bless, Scott