Good Afternoon, The market closed early today at 1:00 PM EDST for Independence Day so it was pretty much a low volume affair. Due to the low volume I’m not so sure what we can take away from todays trading. Nonetheless, there were a few themes worth noting. The rotation out of the tech sector and into financials and energy continued. It was an odd mix of action with the Dow and S&P 500 gaining while the Nasdaq sold off. Usually, the three indices move together with the more aggressive Nasdaq leading the way up or down. Quite odd indeed…. On the positive side the key transportation sector continued it’s resurgence. It is easy to get nervous with all the pundits out there calling for market Armageddon. However, sustained rallies are usually marked by uptrends in two areas in particular transportation and banks. As far as that goes, energy is usually included with that group as well. And where is the money going now???? Also sustained rallies are usually accompanied by increased treasury yields and higher interest rates. And what do we have now? Yes a bear market could come soon, but right now there are just as many if not more indicators pointing toward a sustained rally as there are warning signs of a downtrend. Eventually either the bulls or the bears will win this current struggle and it says here that the success or failure of tax reform in Washington D.C. will most likely be the catalyst. So keep your eyes on your charts and on congress….
The short day of trading left us with the following results. Our TSP allotment gave up -0.12% due to pressure from a higher dollar. For comparison, the Dow gained +0.61%, the Nasdaq dropped -0.49%, and the S&P 500 added +0.23%.
Dow Sputters After Intraday High on Eve of Independence Day
The days action let us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Neutral. We are currently invested at 100/I. Our allotment is now +9.05% on the year not including the days results. Here are the latest posted results:
| 06/30/17 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.3639 | 17.8813 | 33.7574 | 44.0346 | 28.0699 |
| $ Change | 0.0010 | -0.0268 | 0.0530 | 0.0517 | -0.1875 |
| % Change day | +0.01% | -0.15% | +0.16% | +0.12% | -0.66% |
| % Change week | +0.04% | -0.58% | -0.58% | -0.03% | -0.26% |
| % Change month | +0.19% | -0.09% | +0.62% | +2.33% | -0.18% |
| % Change year | +1.17% | +2.48% | +9.34% | +7.41% | +14.10% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 18.9748 | 25.6892 | 28.7165 | 30.9688 | 17.783 |
| $ Change | -0.0044 | -0.0112 | -0.0193 | -0.0244 | -0.0155 |
| % Change day | -0.02% | -0.04% | -0.07% | -0.08% | -0.09% |
| % Change week | -0.08% | -0.17% | -0.27% | -0.32% | -0.35% |
| % Change month | +0.26% | +0.35% | +0.46% | +0.52% | +0.58% |
| % Change year | +3.07% | +4.95% | +7.01% | +8.01% | +8.93% |
