Good Evening, Owe, today hurt, but it didn’t hurt us as much as it did the broad market. Today, the market sold off on concerns about the situation with North Korea and about a possible trade war with Europe. If you remember in one of my previous blogs I talked about possible land mines that could derail the current rally and North Korea was an example that I used. I’m not saying that the rally has flown off the rails just yet, but one never knows when a selloff like today is the start of a more significant downturn. The thing to watch is to see if the now longstanding pattern of bouncing back in a V Shaped fashion is still in play. I’d give it two days to bounce back before I’d consider the possibility that the pattern has been broken. That said, we have the jobs report tomorrow and good results could fuel a comeback. Poor results would significantly decrease those chances. As usual, we’ll keep a close eye on our charts. After all that’s the reason we have them. On the positive side, the I Fund held up relatively well as compared to the major indices. We’ll see if foreign stocks feel the pinch tomorrow or if they just sit this one out.

Here are the day’s results: Our TSP allotment dropped -0.45%. For comparison, the Dow lost -0.74%, the Nasdaq -1.00%, and the S&P 500 -0.94%. Small caps were even worse with the IWM suffering a -1.31% set back. This was one of those days when there was no place to hide. No safe haven…..

Tesla Destruction Takes Down Nasdaq, North Korea Troubles Wall Street

The days selling left us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Neutral. We are currently invested at 100/I. Our allocation is now +9.08% on the year not including the days results. Here are the latest posted results:

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].