12/15/17

Good Evening, Senators Marco Rubio (FL) and Bob Corker (TN) indicated today that they will now support the tax reform bill. The market rallied in response which was no surprise to us. Stocks did move off their highs shortly before the bell as investors are waiting to see what the final bill looks like. A vote on the bill will not occur until next week but it appears that there are now sufficient votes to push it through. Investors exhibited cautious optimism but held the reigns back just a little until they can see a final vote. Some of the talking heads are saying that passage of the bill is already priced in and that there will be a sell the news reaction once it is finally passed. However, I think that the computer algorithms are programmed to buy news good, bad or indifferent. By the matter of fact they will usually buy the same news event several times. I think back to when the EU was bailing out Greece. I didn’t count but I’ll bet we had at least ten “Greece is saved” rallies. It became quite a joke at the time.

The days trading left us with the following results: Our TSP allotment recovered with a nice gain of +1.06%. For comparison, the Dow was up +0.58%, the Nasdaq +1.17%, and the S&P 500 +0.90%. Praise God for the good day!

 

Wall Street closes at records with tax overhaul in sight

The days action left us with the following signals: C-Buy, S-Neutral, I-Buy, F-Neutral. We are currently invested at 100/S. Our allocation is now +17.06% on the year not including the days gains. Here are the latest posted results:

 

12/14/17 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.5234 18.1345 37.2839 47.5187 30.3193
$ Change 0.0010 0.0099 -0.1465 -0.3896 -0.0489
% Change day +0.01% +0.05% -0.39% -0.81% -0.16%
% Change week +0.04% +0.31% +0.04% -0.83% +0.56%
% Change month +0.09% +0.58% +0.23% -1.49% -0.16%
% Change year +2.22% +3.93% +20.77% +15.91% +23.24%
  L INC L 2020 L 2030 L 2040 L 2050
Price 19.4853 26.7477 30.4804 33.1537 19.1832
$ Change -0.0133 -0.0356 -0.0713 -0.0930 -0.0622
% Change day -0.07% -0.13% -0.23% -0.28% -0.32%
% Change week +0.06% +0.07% +0.07% +0.07% +0.06%
% Change month +0.08% +0.04% -0.03% -0.06% -0.11%
% Change year +5.84% +9.27% +13.58% +15.63% +17.50%

 

 

 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:
S Fund:
I Fund:
F Fund:
So far so good. Tax reform seems to be moving along and small caps are starting to wake up.  Keep praying! That’s all for tonight. Have a nice weekend and may God continue to bless your trades!
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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