Good Evening, Apparently even an idiot launching ICBM’s is a good dip buying opportunity! If you ever needed proof that this is a machine driven market this was it. Hurricane of the century no problem. Threat of thermonuclear war no sweat. Just cold calculated dip buying with not emotion attached. Of course some days it’s quite the opposite with the market gaping up in the morning for no reason only to sell off in the afternoon as the machines shove the it around for a few pennies. I’m sure that eventually something will come along bigger than the machines, but I’m beginning to wonder because it’s sure been a while since I’ve seen it. Nonetheless, I’d bet a few humans are buying the dips too. It’s just been working for too darn long.  Today the market headed down in the morning but regained it’s footing in the afternoon as the dip buying resumed. The talking heads were saying how resilient the US economy is. How it is bigger than any challenge these days. I say people have fear but machines don’t…that’s how they make money by playing off of human emotions. Case in point, if you sold this morning you lost. However, one thing is for sure. I don’t care what trading firm it is, how big they are or how many machines they have. They are going to leave a foot print on the charts. It’s just up to us as technical analysts to interpret the data correctly. Bottom line is this. If we follow the charts and take emotion out of it, we can be just as good as the machines. Even if we are just eating the crumbs off the table. As the famous trader James DePorre better known as the Rev Shark says. The big firms are like whales in the ocean and they make whale like movements, but we are like sharks and can be quick and agile. We have our strengths too and even more importantly, we serve an awesome God. If He is with us not even the machines can beat us!

The days trading left us with the following results: Our TSP allotment was off -0.27%. For comparison, the Dow gained +0.26%, the Nasdaq +0.30%, and the S&P 500 +0.08%.

The days action left us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Buy. We are currently invested at 100/I. Our allocation in now +11.85% on the year. Here are the current 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].