08/03/17

Good Evening, The Dow just completed it’s eighth consecutive day of new highs! Folks, don’t listen to the media. The Dow stinks as an indicator! The Russell 2000 ETF (IWM) was down for the sixth day out of seven and the S&P 500 is basically doing nothing. Not to mention we are now in the worst season for stocks. This market is under pressure. Am I saying the sky is falling? No, but I sure wouldn’t expect any major gains. The way this market is trading my goal is to survive until November. The charts are still showing uptrends but they are under pressure and it could even be said that small caps are in a mild correction (which could get worse). We are OK for now. However, it wouldn’t take much to blow this house of cards over. Tomorrow we have the jobs report but given the current climate I really don’t expect it to be much of a market mover unless it comes in way above or below expectations. No….I’m really not expecting much and I’ve raised my level concern just a bit.

The days trading left us with the following results: Our TSP allotment hung in there nicely with another small gain of +0.06%. Hey, they all add up. Better to move forward in this environment! For comparison, the Dow was up +0.04, the Nasdaq dropped -0.35% and the S&P 500 fell back -0.22%. Praise God for another good day! The falling dollar continues to provide tail winds for the I Fund.

 

Dow hits record as Amazon and Apple pull down S&P 500

The days trading left us with the following signals: C-Buy, S-Neutral, I-Buy, F-Buy. We are currently invested with 100% in the I Fund. Our allocation is now +13.11% on the year not including the day’s results. Here are the latest posted results.

 

08/02/17 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.3952 17.9954 34.5586 44.2848 29.114
$ Change 0.0009 -0.0056 0.0236 -0.3330 -0.0071
% Change day +0.01% -0.03% +0.07% -0.75% -0.02%
% Change week +0.03% +0.20% +0.24% -0.72% +1.08%
% Change month +0.01% +0.21% +0.31% -0.54% +0.81%
% Change year +1.37% +3.14% +11.94% +8.02% +18.34%
  L INC L 2020 L 2030 L 2040 L 2050
Price 19.106 25.9742 29.1903 31.5544 18.1565
$ Change -0.0023 -0.0074 -0.0156 -0.0217 -0.0154
% Change day -0.01% -0.03% -0.05% -0.07% -0.08%
% Change week +0.11% +0.16% +0.24% +0.26% +0.29%
% Change month +0.09% +0.15% +0.22% +0.25% +0.27%
% Change year +3.78% +6.11% +8.77% +10.06% +11.21%

 

 

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: This one has stalled at overhead resistance.
S Fund: Small Caps are suffering and the S Fund is suffering. The 5 EMA crossed the 20 EMA. The PMO and MACD are negative. The Williams %R is oversold and the SCTR has now dropped below 40 to 33.4. This one is losing steam. The one positive is that it is primed for a bounced with the Wms %R at -90.54. However, the PMO has room to run before it reaches oversold territory. So there is definitely room for more downside. When this one finally does bottom,look for it to be an early indicator for the next uptrend!
I Fund: This chart is the strongest of our TSP funds. It’s SCTR of 84.8 says it all when compared to the others!
F Fund: Bonds are getting stranger as traders seek safety. Oh. I thought the Dow was setting records…..
Our allocation continues to out perform in a difficult market. God has clearly blessed our group. Give him all the praise for He and He alone is worthy! That’s all for tonight. Have a nice evening.
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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