Good Evening, Earnings? Do you remember us talking about those? As long as they rise the value of stocks rise with them and as long as that happens this market can run. Do you remember us talking about expanding world markets? Emerging world markets? Of course bears continue to say that stock valuation is too high and they market will correct in order to make them more reasonable. I guess they forgot to send that memo to companies like Walmart and Cisco that blew their earnings out today. When the demand for goods and services increase companies like Walmart and Cisco benefit. Add a good world economy to the mix and it’s really hard to keep those earnings down. Oh yeah, and remember us talking about the positive seasonality and the market pattern of shallow dips and how if it was not broken that we could rally into the new year? They say we’re going down for the count? If that’s a fact then what was today? Yes I know that one day doesn’t make a rally but today sure felt like another machine driven V-shaped bounce to me. Lord knows we’ve seen enough of them the past five years. It sure did feel that way and you know what led today’s rally? Small caps!! Remember us talking about that??? The Russell 2000 gained a market leading +1.47%. The Nasdaq set another all time record high while the S&P and the Dow posted their largest daily percentage gains in more than two months. Ah yes, the talk of this uptrend’s demise may have been somewhat premature….. Mr. Bear, I’d say that your time would be better spent trying to put all that capitol  you have on the sideline back to work instead of trying to predict the next market disaster! God’s word talks about worry in In the book of Matthew Chapter 6, Verse 34 The words of Jesus “Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of it’s own.” He also said in the proceeding verse 33 “But seek first His kingdom and His righteousness and all these things will be given to you as well”. Therein is my main market strategy. I seek Him first and then react to what my charts give me today. Then I do it all again tomorrow for the worry’s of today are sufficient for today. Mr.Bear, you better put that crystal ball in your next garage sale and worry about today…

The days rally left us with the following results: Our TSP allotment gained +1.15%. For comparison, the Dow was up +0.80%, the Nasdaq +1.30% and the S&P 500 +0.82%. Praise the Lord! We had a great day!

The days action left us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Sell. We are currently invested at 100/S. Our allocation is now +15.07% on the year. 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].