10/24/14

Good Evening,

What a day. The market displayed the strength that our charts predicted. Praise be to God for His divine guidance and blessed providence! For He and He alone is worthy! Today, we made back all that was dropped yesterday and would have managed a nice profit to boot, if not for an ebola scare in New York that caused some late selling. Make no mistake though, the positive momentum is there and it will be hard for the bears to stop it. All the major indices finished above +1.00% on the day. Both TSP and AMP finished with gains of 1.5%. Each program has a little work to do to get back into the green on the year, but it won’t take many days like this to get them there! And just think, the best two months of the season are ahead of us and earnings for the most part appear to be good. Barring no unforeseen land mines we are on track to reach our goal of a positive return 2014.

Wall St. gains on industrial earnings but ends off highs

 

 

 

The days rally left us with the following signals: C-Buy, S-Buy, I-Neutral, F-Buy. We are currently invested at 30/C, 70/S. Our allocation is now -6.74% on the year, but that definitely doesn’t include today’s nice gains. Here are the latest posted results: 

10/22/14
Fund G Fund F Fund C Fund S Fund I Fund
Price 14.5572 16.7131 25.3167 33.6333 24.1746
$ Change 0.0009 -0.0153 -0.1831 -0.4331 -0.1179
% Change day +0.01% -0.09% -0.72% -1.27% -0.49%
% Change week +0.03% -0.04% +2.16% +2.00% +1.54%
% Change month +0.14% +1.38% -2.19% -1.28% -4.42%
% Change year +1.89% +6.17% +6.04% -0.11% -5.44%
  L INC L 2020 L 2030 L 2040 L 2050
Price 17.2005 22.2553 23.9345 25.317 14.3007
$ Change -0.0261 -0.0855 -0.1208 -0.1504 -0.0953
% Change day -0.15% -0.38% -0.50% -0.59% -0.66%
% Change week +0.42% +1.01% +1.29% +1.48% +1.67%
% Change month -0.32% -1.23% -1.62% -1.87% -2.20%
% Change year +2.28% +2.11% +2.03% +1.94% +1.69%
Lets update our chart of the S Fund. (All charts courtesy of Stockcharts.com)
Its not hard to see that the S Fund has established a new upward trend. You should be able to easily see it even without the annotations. Nevertheless, I have annotated a few of the charts highlights for easy identification. Worth noting it the steep angle of the new ascending channel. I would expect price to challenge the channels lower resistance and decrease the angle of ascent to a more sustainable level. Price is now projected to rise to resistance denoted by the red line at around 88.70. When it gets to that level we might consider taking our foot off the gas!
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With God’s help our analysis has been solid. However, we must not rest on our success. We must now monitor our charts for a top to form. My projection for the S Fund to encounter resistance in the 88.70 range. That’s not to say that price won’t rise above this. What I am saying is that the chance of a top forming will be much greater at that point and we should probably consider reducing our exposure just a bit in preparation for it to form. It is far better to average in and out of positions when you can. It covers up a multitude of mistakes. After all, as we always say, “Its not what you make, it’s what you keep that’s important”! So far so good. For now we will just put it on cruise! That’s all for tonight. May God continue to bless your trades!
God bless,
Scott8-)

 

 

 



Written By

Scott Grimes

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