05/09/18

Good Evening, The market rallied today as it seemed to be relieved that the Iran news is now behind us. Some investors even seemed excited at the prospect of rising oil prices which was evident as the energy sector led the move up. It is very obvious that this market is being shaped by several ongoing issues #1 The Iran nuclear deal, #2 Trade negotiations with China, #3 Negotiations over nuclear disarmament with North Korea, #4 The renegotiation of NAFTA, #5 The Tariffs on steel and aluminum, and #6 The Sanctions on Russia for meddling in the US presidential election. After looking and the charts all day I have come to the conclusion that the character of this market has changed at least in the short term. I noticed many charts of stocks that were beaten up in this last sell off coming to life. It appears that the market will move higher from here provided that it doesn’t encounter any unexpected landmines…. I say this with one caveat. I have been wrong before and I could be wrong again. Speculation is always useful when forming contingency plans, but I am a reactive trader and will always make my decisions based on what I see before me on the charts and at the moment they say we’re moving up!

The days trading left us with the following results: Our TSP allotment posted at gain of +0.66%. For comparison, the Dow added +0.75%, the Nasdaq +1.00%, and the S&P 500 +0.97%. Thank God for another good day!

 

Wall Street surges on higher oil after U.S. quits Iran deal

The days action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Sell. We are currently invested at 100/S. Our allocation is now +2.05% on the year not including the days results. Here are the latest posted results:

 

05/08/18 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.6877 17.6903 37.8111 49.8717 31.037
$ Change 0.0012 -0.0191 -0.0095 0.1751 -0.0496
% Change day +0.01% -0.11% -0.03% +0.35% -0.16%
% Change week +0.03% -0.10% +0.32% +1.20% +0.19%
% Change month +0.06% -0.18% +0.93% +2.50% -0.31%
% Change year +0.95% -2.34% +0.53% +2.90% +0.59%
  L INC L 2020 L 2030 L 2040 L 2050
Price 19.71 27.1022 30.9898 33.752 19.5586
$ Change -0.0006 -0.0016 -0.0027 -0.0028 -0.0011
% Change day +0.00% -0.01% -0.01% -0.01% -0.01%
% Change week +0.10% +0.15% +0.26% +0.31% +0.36%
% Change month +0.19% +0.29% +0.50% +0.59% +0.68%
% Change year +0.82% +0.79% +0.83% +0.82% +0.84%

 

 

 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: The S Fund has formed a bullish wedge pattern. Many technicians would argue over which pattern is the most reliable and while none of them are 100% this one is my favorite. As far as I’m concerned it’s further confirmation that we’re in the right place and that we’re moving higher.
I Fund:
F Fund: Bond prices appear to be moving lower which means interest rates will be moving higher. Sooner or later that will become a drag on equities. So if for no other reason, we need to keep and eye on bonds……
The question now is not if we are going to move up but for how long. Just when you think you can take a breath it’s time to watch your charts for the next change! That’s all for tonight. Have nice evening 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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