08/09/18

Good Evening, The trend so far in August has been for the market to trade on low volume with a poor close and today totally fit the bill. The majority of stocks traded lower in the last hour leaving the Dow and S&P 500 in the red by the closing bell. Breadth was poor with Declining issues outnumbered advancing ones on the NYSE by a 1.04-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favored advancers. Volume was weak with approximately 5.9 billion shares changed hands on U.S. compared with the 6.3 billion daily average for the past 20 trading days, according to Thomson Reuters data. All I can say is a repeat of what I said yesterday. This is typical late summer / early fall trading. I have found that it is best to come into August not expecting much. That way anything you might get is a positive surprise. Of course I always try to make money but I keep my expectations real. August and September are historically slow months for the market and to expect anything else is to set yourself up for disappointment. That said, we are in the green so far this month and I thank God for it.

The days trading left us with the following results: Our TSP allotment managed a small gain of +0.16% despite the slow day. For comparison, the Dow was off -0.29%, the Nasdaq was flat at +0.04%, and the S&P 500 slipped -0.14%. Praise God for our small gain. As I said earlier, our goal is to get through these slow months into the fall when seasonality will again be on our side instead of the head wind that it is now.

 

S&P 500, Dow end lower with energy, financials; Tesla falls

The days action left us with the following signals: C-Buy, S-Buy, I-Neutral, F-Neutral. We are currently invested at 100/S. Our allocation is now +8.75% for the year not including the days results. Here are the latest posted results:

 

08/08/18 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.8023 17.8445 40.638 53.1487 30.6201
$ Change 0.0013 0.0014 -0.0097 -0.0982 -0.0050
% Change day +0.01% +0.01% -0.02% -0.18% -0.02%
% Change week +0.04% -0.07% +0.62% +0.84% +0.48%
% Change month +0.07% +0.03% +1.51% +1.63% -0.72%
% Change year +1.68% -1.49% +8.05% +9.66% -0.76%
  L INC L 2020 L 2030 L 2040 L 2050
Price 20.0099 27.6421 31.9512 34.9492 20.3273
$ Change -0.0005 -0.0025 -0.0080 -0.0113 -0.0079
% Change day +0.00% -0.01% -0.03% -0.03% -0.04%
% Change week +0.15% +0.22% +0.38% +0.45% +0.51%
% Change month +0.22% +0.32% +0.54% +0.63% +0.71%
% Change year +2.35% +2.80% +3.95% +4.39% +4.80%

 

 

 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:
Nothing to add here tonight. Have a great evening and I’ll see you tomorrow!
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  KyFan1@aol.com. 

 

 

 

 

 

 

 

 

 



Written By

Scott Grimes

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