06/04/19

Good Evening, It was another wild swing today as the market flew up after the Fed Chairman and one of the Fed Presidents made remarks to indicate that the Fed may consider an interest rate cut if the economy warrants one. Powell said the central bank would act “as appropriate” to address trade war risks a day after St. Louis Fed chief James Bullard said a rate cut may be warranted soon. Powell said the Fed was “closely monitoring the implications” of a trade dispute that has disrupted global markets. I don’t know. They didn’t cut rates before when the President wanted them to but now they may cut them due to his tariffs. It sure sounds like an undesirable way to get a rate cut but the market is definitely pumped up about it. Of course bonds took the day off with stocks flying up but that’s to be expected. We’ll see how long this run lasts and whether or not it can be trusted. It will take more than one oversold bounce to convince me.

The days trading left us with the following results: Our TSP allotment slipped -0.09%. For comparison, the Dow gained +2.08%, the Nasdaq +2.65%, and the S&P 500 +2.14%.

 

Wall Street soars on U.S. rate cut hopes

The days action left us with the following signals: C-Sell, S-Sell, I-Sell, F-Buy. We are currently invested at 100/F. Our allocation is now +12.03% on the year not including the days results. Here are the latest posted results:

 

06/03/19 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 16.1703 19.0732 39.7004 49.2064 28.963
$ Change 0.0034 0.0605 -0.1095 0.0091 0.1123
% Change day +0.02% +0.32% -0.28% +0.02% +0.39%
% Change week +0.02% +0.32% -0.28% +0.02% +0.39%
% Change month +0.02% +0.32% -0.28% +0.02% +0.39%
% Change year +1.11% +5.13% +10.43% +11.89% +8.42%
  L INC L 2020 L 2030 L 2040 L 2050
Price 20.3044 27.8631 31.617 34.3083 19.8049
$ Change 0.0068 0.0092 0.0094 0.0104 0.0060
% Change day +0.03% +0.03% +0.03% +0.03% +0.03%
% Change week +0.03% +0.03% +0.03% +0.03% +0.03%
% Change month +0.03% +0.03% +0.03% +0.03% +0.03%
% Change year +3.12% +3.99% +6.68% +7.74% +8.64%

 

 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:
Reversals seem to be the theme of this market. What’s up today may well be down tomorrow. It’s better to play it safe until the smoke clears. We’ll see what all this rate slashing talk does to the charts…. That’s all for tonight. Have a great evening and may God continue to bless your trades!
God bless, Scott Sunglasses
 
 ***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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