07/13/2020

Good Evening, The market continues to be Corona news driven and today’s trading was a prime example. The market rose in the morning session led by mega cap tech stocks only to reverse and finish well within the red by the closing bell. Stocks rose in the morning on the news that Pfizer and German biotech BioNTech SE were granted fast track designation by the FDA for two of the companies’ four vaccine candidates against the coronavirus. They then quickly reversed in the afternoon session after California Governor Gavin Newsom ordered a massive reversal of the state’s reopening, shutting bars and banning indoor restaurant dining statewide and closing churches, gyms and hair salons in hardest-hit counties. The volatility was reflected in the Cboe Volatility Index  (better known as the VIX), Wall Street’s fear gauge, which closed at its highest level since June 26. Its 4.9-point gain for the session was its largest since June 11. The market remains news driven and volatile as we anticipated it would be. I will be the first to admit that it takes a strong constitution to stomach this action….Nevertheless, we are still well within the green for the year and I thank God for that.

The days trading left us with the following results: Our TSP allotment gave up some of it’s recent gains dropping -1.86%. For comparison, the Dow eked out a gain of +0.04%, the Nasdaq lost -2.13%, and the S&P 500 fell -0.94%. Given today’s big reversal I wouldn’t be surprised at all to see a bounce tomorrow. We will see.

 

S&P 500 and Nasdaq end lower after sharp drop in tech titans

The days action left us with the following signals: C-Buy, S-Neutral, I-Neutral, F-Buy. We are currently invested at 100/S. Our allocation is now +16.56% on the year not including the days results. Here are the latest posted results:

 

07/10/20 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 16.4502 21.0288 47.0497 54.1006 29.6343
$ Change 0.0003 -0.0261 0.4882 0.7191 0.1182
% Change day +0.00% -0.12% +1.05% +1.35% +0.40%
% Change week +0.02% +0.40% +1.79% +1.55% +0.32%
% Change month +0.02% +0.54% +2.79% +2.10% +1.87%
% Change year +0.61% +6.65% -0.45% -3.87% -9.42%
Fund L INC L 2025 L 2030 L 2035 L 2040
Price 21.2562 10.1058 34.3736 10.1387 37.6769
$ Change 0.0387 0.0426 0.1744 0.0565 0.2288
% Change day +0.18% +0.42% +0.51% +0.56% +0.61%
% Change week +0.31% +0.65% +0.78% +0.85% +0.92%
% Change month +0.57% +1.06% +1.47% +1.39% +1.74%
% Change year +0.33% +1.06% -1.38% +1.39% +-1.96%
Fund L 2045 L 2050 L 2055 L 2060 L 2065
Price 10.1607 21.9144 10.2014 10.2014 10.2015
$ Change 0.0661 0.1522 0.0870 0.0869 0.0869
% Change day +0.65% +0.70% +0.86% +0.86% +0.86%
% Change week +0.98% +1.04% +1.22% +1.22% +1.22%
% Change month +1.61% +1.97% +2.01% +2.01% +2.02%
% Change year +0.33% +1.06% -1.38% +1.39% -1.96%

 

 

 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:
It seems like it’s 2 steps forward and 2 steps back in recent weeks. We’ll keep fighting! and PRAYING……Just one more thing. We are working on the E mail alert system. Some of you may have gotten a test E Mail. If you did then your good to go. It you didn’t we are still trying to merge the old subscribers with the new. If we are successful you should get a test E mail as well. If we are not I may have to have you sign up again. I know! It’s a pain….where’s a good IT guy when you need him!!  We are getting close to getting this thing up and running! Have a nice 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  KyFan1@aol.com. 

 

 

 

 

 

 

 

 



Written By

Scott Grimes

  • 04/22/2024

    Good Morning, I decided to go ahead and get this blog out of the way because there is so much turmoil in the market this morning. Wow, what a week it was. It seems like a month passed by. It was just a little over a week ago when the market was flying high and…

  • 04/15/2024

    Good Evening, Wow, where do I start tonight? First let me talk briefly about last Thursday’s interfund transfer. We issued the transfer alert at 11:00 AM  that day and there were several folks that didn’t see it in time to make the trade before the TSP deadline of 12:00PM. Given the next days drop their…

  • *****Interfund Transfer******

    Good Day, It’s time to adjust our mix. The new mix is 100/G Please remember that this is the percentage of money that we have invested in each fund, not the money that is taken from your check and deposited into thrift. Those future contributions should always be 100% G Fund. That automatically protects your deposit in the event that it is…