Good Evening, The market struggled most of the day then sold off in the afternoon to close well in the red. China trade woes were quoted by the media as the reason but I have other concerns. In my humble opinion the market should have risen not fallen. Here are my thoughts. Apple which is one of the largest stocks by market cap and carries the most weight in a lot of indexes reported a surprise earnings beat and announced a huge stock buy back. Good news?? Well yeah!!!! The market usually rises and falls on Apple news alone as it did a few weeks back when it was reported that Apple suppliers were reporting a drop in the demand for cell phone components. What did the market do then? It sold off in a rather dramatic fashion. The reports of Apple’s demise were premature to say the least. Next you have the Fed which didn’t raise interest rates and issued a pretty benign report. If a good report from Apple and non threatening Fed can’t spur the market then what can? I have serious concerns about this action and I’m saying it. I don’t mean to speak negatively but I must call it like I see it. I will add that doesn’t lesson my faith in God’s guidance of our group. Nonetheless, we must raise our level of caution when we observe that things are not behaving in a positive way. Earnings season is starting to slow down, negative seasonality is upon us and the market can’t even rally on good news??? There is reason to be concerned. This was not a positive day!
The days trading left us with the following results: Our TSP allotment was flat at -0.01%. For comparison, the Dow fell -0.72%, the Nasdaq -0.42%, and the S&P 500 -0.72%. Praise God for protecting us from today’s selling!
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 -0.10% on the year not including today’s results. Here are the latest posted results:
| 05/01/18 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.6791 | 17.6814 | 37.5569 | 48.8219 | 30.9218 |
| $ Change | 0.0012 | -0.0403 | 0.0955 | 0.1674 | -0.2130 |
| % Change day | +0.01% | -0.23% | +0.25% | +0.34% | -0.68% |
| % Change week | +0.03% | -0.13% | -0.56% | -0.45% | -0.61% |
| % Change month | +0.01% | -0.23% | +0.25% | +0.34% | -0.68% |
| % Change year | +0.89% | -2.39% | -0.14% | +0.73% | +0.21% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 19.6701 | 27.0197 | 30.8301 | 33.5464 | 19.4224 |
| $ Change | -0.0022 | -0.0042 | -0.0068 | -0.0082 | -0.0047 |
| % Change day | -0.01% | -0.02% | -0.02% | -0.02% | -0.02% |
| % Change week | -0.10% | -0.18% | -0.34% | -0.41% | -0.46% |
| % Change month | -0.01% | -0.02% | -0.02% | -0.02% | -0.02% |
| % Change year | +0.61% | +0.48% | +0.31% | +0.20% | +0.13% |
