Good Evening, The media claimed that improved earnings moved the market into rally mode today. But before you get too excited consider that the market continues to alternate good days and bad days. After the current give and take the S&P 500 has only changed .003% since last Wednesday. That’s the reason that I keep griping about the trading range that we are in. I suspect that we will continue to drift until the next market moving event which of course will be the election. At that time the market path will likely be determined and we will move into the next market moving event which will be the December Fed meeting and subsequent rate increase decision. It is my feeling that there will be a rate increase so if your risk tolerance is low you might consider taking any profits you have off the table before that time.
The days trading left us with the following results: Our TSP allotment gained +0.61% on the day. For comparison, the Dow was up +0.42%, the Nasdaq +0.85%, and the S&P 500 +0.62%.
Wall St. climbs on earnings improvement
The days action left us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Sell. We are currently invested at 100/S. Our allotment is now -0.21% on the year not including the day’s results. Here are the latest posted results:
| 10/17/16 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.1236 | 17.8838 | 29.1843 | 37.623 | 24.1233 |
| $ Change | 0.0020 | 0.0285 | -0.0879 | -0.0762 | -0.1139 |
| % Change day | +0.01% | +0.16% | -0.30% | -0.20% | -0.47% |
| % Change week | +0.01% | +0.16% | -0.30% | -0.20% | -0.47% |
| % Change month | +0.07% | -0.50% | -1.84% | -3.03% | -2.61% |
| % Change year | +1.40% | +5.48% | +5.89% | +6.78% | +0.12% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 18.1963 | 23.9418 | 25.9968 | 27.6336 | 15.6521 |
| $ Change | -0.0088 | -0.0305 | -0.0518 | -0.0652 | -0.0427 |
| % Change day | -0.05% | -0.13% | -0.20% | -0.24% | -0.27% |
| % Change week | -0.05% | -0.13% | -0.20% | -0.24% | -0.27% |
| % Change month | -0.42% | -0.95% | -1.43% | -1.69% | -1.92% |
| % Change year | +2.38% | +3.16% | +3.72% | +4.00% | +4.16% |
Now lets take a look at the charts. All signals are annotated with green circles. If you click on the charts they will become larger.
C Fund:
S Fund:
I Fund:
F Fund:
Now we get to the good part of the month. Lets see if the Election Headwinds hold us back. We do have some positive earnings to back us up. My guess is no big moves before the election, but that’s just a guess. Keep praying and watch the charts! Have a nice evening and may God continue to bless your trades.
