06/22/17

Good Evening, There’s not doubt about it, the market is in the summer doldrums. However, the release of the republican health care bill did stir up some buying in the afternoon. I’m not sure how much investors  actually care about the bill or if it is that they are just happy that congress is attempting to do something. Remember, the holy grail is tax reform and they see successful health legislation as a precursor to a tax reform bill. I don’t think they care what’s actually in it just that it’s moving along. Remember this and mark my words well. If some form of tax reform does not take place sell and run for the hills. Things are gonna get ugly. However, it does pass we’re going to make a lot of money.

Here’s the results for the day. Our TSP allotment was flat at -0.02%. For comparison, the Dow slipped -0.06%, the Nasdaq squeaked up +0.04% and the S&P 500 was -0.05%. The afternoon buying brought us back close to even on the day.

 

Healthcare stocks jump after Republicans unveil plan; banks, staples slip

 

The days action left us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Neutral. We are currently invested with 100% in the I Fund. Our allotment is now +8.95% not including the days results. Here are the latest posted results:

 

06/21/17 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.3553 17.9723 33.9175 43.6324 28.0433
$ Change 0.0009 -0.0003 -0.0172 -0.1179 -0.0748
% Change day +0.01% +0.00% -0.05% -0.27% -0.27%
% Change week +0.03% +0.10% +0.11% -0.45% -0.53%
% Change month +0.13% +0.42% +1.10% +1.40% -0.28%
% Change year +1.11% +3.00% +9.86% +6.43% +13.99%
  L INC L 2020 L 2030 L 2040 L 2050
Price 18.9769 25.6997 28.736 30.9918 17.7953
$ Change -0.0047 -0.0140 -0.0262 -0.0340 -0.0226
% Change day -0.02% -0.05% -0.09% -0.11% -0.13%
% Change week +0.00% -0.04% -0.09% -0.11% -0.14%
% Change month +0.27% +0.39% +0.53% +0.59% +0.65%
% Change year +3.08% +4.99% +7.08% +8.09% +9.00%

 

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: Still fighting overhead resistance near 244.
S Fund:  The S Fund followed the C Fund with a Neutral signal today when the PMO passed down through it’s signal line. That said the action in small caps was encouraging today. As you know the S Fund is a blend off small and big caps. It is actually referred to as a Mid Cap blend. It was our only TSP Fund with a decent return today. One thing about small caps is that many times (but not always) when they pop on a day like this when everything else is flat they are predicting the next uptrend. They are not as good of a predictor as bonds but they definitely are worth watching. I personally view todays action as somewhat bullish.
I Fund: Price is struggling with resistance at close to the 65 mark.
F Fund: The SCTR turned down today. Is the F fund losing support???
Typical summer trading. You just have to stay in the saddle. The trick is not to fall asleep and then fall out! That’s all for tonight. Have a nice evening and may God continue to bless your trades.
God bless, Scott 8-)
 
 ***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]. 

 

 

 

 



Written By

Scott Grimes

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