Good Evening, The market traded flat on low volume today. Investors are clearly waiting for two things. 1st they are waiting to see which way earnings will take us. Right now we’re early in the reporting period but more than 75% of the companies that have reported so far have solidly beaten estimates. It is currently expected that earnings will drop 1.7% year over year which will be the first earnings contraction since 2016. However, if companies continue to beat earnings at this pace they will do far better than that estimate. Should that take place investors will be willing to make long term bets with some of that idle cash that’s been sitting of the sidelines. 2nd and nothing new are the trade negotiations with China. I hate to sound like a broken record but if we get a new trade agreement investors will be willing to go long with even more of that money. Until then you can expect stocks to continue to trade mostly flat and in a range…….
The days trading left us with the following results: Our TSP allotment posted another modest gain of +0.10%. Hey I’ll praise God for that! For comparison, the Dow fell -0.18%, the Nasdaq gained +0.22%, and the S&P 500 added +0.10%.
Wall Street near flat in quiet session ahead of earnings wave
The days action left us with the following signals: C-Neutral, S-Neutral, I-Buy, F-Neutral. We are currently invested at 100/C. Our allocation is now +10.78% for the year not including the days results. Here are the latest posted results:
| 04/19/19 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 16.1192 | 18.6115 | 41.917 | 52.058 | 30.1952 |
| $ 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 | +0.12% | -0.35% | +2.59% | +2.06% | +2.67% |
| % Change year | +0.79% | +2.58% | +16.59% | +18.38% | +13.04% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 20.4369 | 28.1521 | 32.4886 | 35.47 | 20.5862 |
| $ 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 | +0.59% | +0.79% | +1.54% | +1.82% | +2.06% |
| % Change year | +3.79% | +5.07% | +9.62% | +11.39% | +12.93% |
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: The C Fund generated a neutral signal when the PMO and MACD moved into negative configurations. Two or more negative signals or the 5 EMA below the 50 EMA or 200 EMA or an SCTR below 40 generate a neutral signal. Any three indicators negative accompanied by both or either the 5 EMA below the 50 EMA or 200 EMA or an SCTR below 40 generate a sell signal. A buy signal is generated then the 5 EMA is above the 50 EMA and the 200 EMA, One or less indicators are negative, and the SCTR is higher than 40.
S Fund:
I Fund:
F Fund:
There’s not much to add here. At this point we just need to be patient and let this play out. That’s all for tonight. Have a nice evening and may God bless your trades.
