TSP closing numbers as of 6/26/16

There is no dobut about it that the recent events in Europe has to be one of concern, specially the closer one gets to retirement. I still believe that it is a short term bump for the US markets. I will continue as normal and make my moves on a monthly bases. If we had to make those moves at the close of last Friday, I would have to bail out of the S-fund and put that money equally into the C and F. So there would not be much of a change for me as of last Friday. As we approach Thursday next week, we will see just how bad this will be for our markets. If there is no doubt what will happen by Tuesday night, I will make my move Wednesday monring. Stay posted.

 

 

The S&P 500 hung on to the intial price drop Friday until about 10:15am and then fade downhill the rest of the day. There was an extreme amount of pressure on world markets while those with big money that bet against the Britain’s pullling out of the EU, covered their positions. I think it will be important to our markets here Monday and Tuesday to see how the react since that point. The end of the month is Thursday, so it will not take much more to push the C-fund into a monthly sell. Currently, daily is still on hold, weekly is a buy, and monthly is sitting right on the monthly sell level. Monday unless price gets back above the red CBL line of $2078, The C-fund daily chart will be a sell.

 

The Small Cap also took it on the chin and currently price is below the monthly level and would be sell if today was Thrusday. Monday if price does not get back above the red CBL of $1024, the S-fund daily chart will be a sell.

 

The Internaitonal is basically a sell on all charts. Last week the I-fund was a sell, then Monday and Tuesday jumped back to a sell only to get crushed again Friday to put it back to a sell. I see nothing good here.

 

Bonds snapped back on trend and the only index, excluding the G, this year that has shown very little volitility and is making money. There is nothing not to like here.

 

Conclusion: I will follow my monthly moves this week and do whatever price is telling me. My gut says the snow ball in Europe could mean bad things for the world markets. If Britain does ultimately pulls out, what will make the other countries stay in the EU? It is going to be interesting to watch. We could be looking at the next 2008 event and if true, last Friday was just the tip of the iceberg.