Good Evening, Back in the day there used to be a show on television called Dragnet about two detectives in LA. It seemed like they were always interviewing a suspect or witness for a crime that they were investigating. Almost inevitably the person they were interviewing which for some reason was often a women would get carried away while answering a question. At that time Detective Joe Friday would always interrupt and say rather dryly ” The facts Maam, just the facts”. Well that’s what I am trying to give you here, just the facts. We add many more indepth articles that you can study when you have more time on our facebook page. What most of you have told me you want is just enough content to review quickly each evening without taking time away from your families and activities. So, as I have mentioned a few times lately, that is what I am trying to do. Just the facts!

Today’s action was once again a result of Oil and the market moving in lock step. Oil went down and the market wasn’t far behind. As I noted last week, the upside that we experienced was no more than an oversold bounce. The selling today was a classic example of a failed bounce that occurs during a downtrending market. It was pointed out to me that we haven’t yet reached the classic definition of a bear market which is a dip of 20 percent or more. Well, it may not be, but it sure feels like one to me. I will be extremely surprised if we don’t experience more downside. My charts don’t indicate anything at this time that tells me that we are in not in a downtrend. By the matter of fact, according to technical analysis, we entered a bear market when the 50 EMA crossed down through the 200 EMA on our chart for the S&P 500. What is it they say? If it walks like a duck and quacks like a duck then it’s probably a duck? Well, if it walks like a bear and growls like a bear, then it’s probably a bear. Moral of the story? Don’t get in a big hurry to stick you money back into equities!

Wall Street weighed down by energy stocks

The days action left us with the following signals: C-Sell, S-Sell, I-Sell, F-Buy. We are currently invested at 100/G. Our allocation is now +0.13% on the year not including the days results. Here are the latest posted results:

 Lets take a look at the charts: (All signals annotated with Green Circles) If you click on the charts they will become larger!

C Fund: Looking to retest support at 185. If it breaks though there our downside target is 145 or 1450 for the SPX. Yep, that’s a long way down!

S Fund: Small caps are getting slaughtered and there’s enough of them in the S Fund to make it do the same. An SCTR of 23.3 says it all!

I Fund: Moving down the descending channel.

F Fund: Price is testing the upper trend line.

Our task remains unchanged and that is to monitor our charts for a bottom. However, don’t hold your breath while your doing it. It may be a while yet before you we get there. Until then, keep praying! May God continue to bless your trades. Have a great 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 into the future. 

 

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