Good Evening, One thing is for sure, if you made your trading decisions based on the news you lost money. The recent news has all been negative. For instance, consider the following examples. North Korea continues to fire missiles, the damage from Hurricane Harvey continues to stack up, and today’s jobs report came in well below estimates. If you sold on any or all of that news you lost money because the market went up every time. Heck, the Nasdaq even set a new record! So why is this??? It’s complex but actually simple at the same time. In several recent blogs we have talked about the computer algorithms that many investment firms are trading with. They are programmed to buy on the News that causes dips or I guess if you you want to make it simple you can just say they buy dips. If you are trying to figure out what will cause the next real correction of 10 percent or more you are wasting your time. More than likely there will not be a trigger. Today in his blog the Great Investor James DePorre better know as the RevShark had this to say about predicting the next correction. “The irony is that if you are looking for something to trigger a market correction, the most likely catalyst will be no event at all. The market will reverse when there isn’t any specific news that triggers the reflexive computer buying. There will be a pullback and when there isn’t any news to trigger the dip buying it will gain some momentum.” There you go. I could not have said it any better myself. If any of you are interested in subscribing to his blog you can do so at his website sharkinvesting.com. There is a fee but it is totally worth it. He also has a service that deals specifically with TSP available at TSPTALK.com. That is also a great website for you to visit if you haven’t already done so. Of course, our allocation is available on the autotracker there under the screen name KyFan1. I prefer the blog on his website because it is much more in depth. I know a lot of you may be adverse to paying for services but the old adage applies well to this subject that says it takes money to make money. If used correctly any of these  services will help you maximize your returns and that can mean many thousands of dollars to you over the span of your career. Also while I’m on the subject you can do your charting at stockcharts.com. There are a myriad of free charts and services there as well as a paid service for those who want more. I can honestly say that service made me at least six figures more in TSP during my career. The charts alone or worth it. You say how can I afford it?? I say how can you not. Check them out. I think you will find a couple of them surprisingly affordable. Enough of chasing rabbits. Back to the subject at hand. The bottom line is this, if you think you can predict this market with the news you are going to have a very hard time making money. I usually tell folks it’s 95% technical analysis and 5% news. I’m seriously considering reducing that 5%. I’m beginning to think it is way too high. Master the charts and you will  command your future….

The days action left us with the following results: Our TSP allotment gained +0.13%. For comparison, the Dow was up +0.18%, the Nasdaq +0.10% and the S&P +0.20%.

The weeks action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Buy. I must say, that buy signal for the F Fund is getting shaky. We are currently invested at 100/I. Our allotment is now +12.16% on the year not including the days 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].