05/29/18

Good Evening, Today was a rare day in that one the three T’s namely Trump, Trade, and Tariffs failed to be the main market moving issue.  The market had it’s T’s crossed today but became concerned about dotting it’s I’s. The I that worried the market was Italy. The deal there is that Italy recently had elections in which opposition parties grabbed a bigger piece of the pie. That being the case the fractured government has been unable to find enough support to elect a new prime minister. The specific concern that is effecting the market is that the anti establishment parties are in favor of leaving the European Union. In other words that market is concerned the the EU will be destabilized by the political unrest in Italy. This all resulted in a rather nasty selloff with the major indices having one of their worst days in a while.

The days selling left us with the following results: Our TSP allotment fell back -0.32%. For comparison, the Dow dropped -1.58%, the Nasdaq -0.50%, and the S&P 500 -1.16%. All things considered our allotment performed well. I thank God for that.

 

Wall Street falls on Italy worries; bank shares drop

The days action left us with the following signals: C-Buy, S-Buy, I-Sell, F-Neutral. We are currently invested at 100/S. Our allocation is now +4.14% on the year not including the days results. Here are the latest posted results:

 

05/28/18 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.7086 17.7578 38.5733 50.8938 30.867
$ Change 0.0000 0.0000 0.0000 0.0000 0.0000
% Change day +0.00% +0.00% +0.00% +0.00% +0.00%
% Change week +0.00% +0.00% +0.00% +0.00% +0.00%
% Change month +0.20% +0.20% +2.97% +4.60% -0.86%
% Change year +1.08% -1.97% +2.56% +5.01% +0.04%
  L INC L 2020 L 2030 L 2040 L 2050
Price 19.7836 27.2447 31.2477 34.0759 19.7678
$ Change 0.0000 0.0000 0.0000 0.0000 0.0000
% Change day +0.00% +0.00% +0.00% +0.00% +0.00%
% Change week +0.00% +0.00% +0.00% +0.00% +0.00%
% Change month +0.57% +0.82% +1.33% +1.55% +1.75%
% Change year +1.19% +1.32% +1.66% +1.78% +1.91%

 

 

 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: The I Fund generated an overall Sell Signal with Price, the PMO, the MACD, and the Wms%R all moving into negative configurations and the SCRT dropping below 40. This is no doubt due to the political unrest in Italy we discussed above.
F Fund:
 Please note that the F Fund did make a nice move up today. This was no doubt due to European money flowing into US bonds. But be advised that the F Fund can turn back down in a hurry if the situation in the EU stabilizes so I wouldn’t put too much trust in that rally just yet. On a side note the move up in bonds caused treasury yields to fall today which in turn caused a big sell off in bank stocks as lower bond yields eat into their profit. That’s all for tonight! Have a 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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