TSP closing numbers and charts for the ending 10/24/14

What a relief rally we had this week in the markets. The C and S both returned 4% which basically put October back into the green. The C fund is still a bit short. The International also had a good week at 2.62% but there is still a bunch of work to repair the damage there. Bonds slid just a little bit but all still looks good there. A little bit of news in case you didn’t see it, You will be allow to raise your contributions from $17500 to $18000 next year into the TSP. If you are over 50, then you can increase your catch funds from $5500 to $6000. No matter what, if your a young person, please make sure you contribute a minimum of 5% to take advantage of the matching funds that the government gives you. It’s free money and you should take advantage of it.

  Thursday the S&P 500 fired a buy signal by firmly crossing above the CBL and crossing above the 50 day moving average. Friday it confirmed that signal. So those that stayed in using the monthly method once again were right to stand down and just ride it out. So now we need to convert the above chart from a buy chart to a sell warning chart by using the Red CBL and I have to delete that short term uptrend that is no longer valid. We will now use the Intermediate uptrend line that you can see as dashed green line at the last pivot low. Below is the new chart S&P500 daily chart.

If you want to see next weeks S&P 500 chart and the selling levels, click the chart above. Just know $1843 is the new bailout point.

The Small Cap followed suit this time and did not lag behind the S&P 500 and fired a buy signal on Thursday. Friday the buy signal was confirmed. Now that you have seen that, adjustment in the chart for next week have to made so we know when to sell.

The New Small Cap chart for next above. $932 is the new level

The International index had a good week but there was so much damage done that it is going to take awhile before I will consider getting back into this index. We still have fired the first pre-signal to buy but it is close. The green CBL is just a few points away before it fires. The 50 day moving average is still a bit away and is still falling. Lastly if your a monthly investor, that purple line is still a long way away. Also to note is that the lower pivot highs are still working which means the red down trend is still working. There is no need to invest here yet.

Bonds slipped just .24% this week but the uptrend is still working. No sell warnings have fired yet.

This coming Friday, October 31 is the end of the month and monthly moves will have to be evaluated once again. As long as we do not see another large pull back in the Stock Market next week, I see no changes coming.