TSP Daily charts and a new weekly buy!!

It still erks me a little bit that I made that call on the daily S&P 500 to get in only to get bounced out by one days move. I missed the entire run up from that point forward but I can only hope that the monthly chart got me in for the next long term run. We do not care if it’s a fast upward move, but a move that runs up for many many months in a row without having to sell. 1% a month would be awesome.

 

Last week I mentioned in the blog post that the S&P had just recently created a pivot high. This is a normal sign that prices will pull back for an average of 5 to 21 trading days in a row. That did not happen and price ended up creating a new pivot low. Now it’s telling us that price will go up at least the next 5 to 21 trading days. Volatility continues to fall and it appears to smooth sailing for awhile. The SP 500 has been a daily buy for awhile now and at the end of March if fird a new monthly buy. I made the move on that signal. Last Friday at the end of the week, the S&P fired a weekly buy. So all 3 charts are a buy which is a very good sign that we should get a nice little long term uptrend out of this. below is the S&P weekly chart.

S&P weekly chart

 

The Small Cap also create a new pivot low which should mean higher near term prices. The big question here is if the Small Cap will finally take out the red down trend line that has been running since June 24, 2015. I would say this is a must in order for the markets to really have a chance at a nice long term uptrend. Eventually the S&P 500 will fail unless the Small Caps follow.

 

The International has decided to take a pause on the daily chart and grind sideways. The CBL sell line is red is safe and holding but price is testing the 50 day ma. Hopefully this is just a little consolidation and then prices will rise.

 

Bonds just keep ever so slowly grinding higher. Last month they did give me a 1% gain back to up relieve some of my 2016 losses.

 

The S&P 500 is due to consolidate soon, so I would not be surprised to see a slow down in rising price. At the end of March, the monthly said to be invested in the C and F so I am equally split between the 2 funds.