TSP daily charts as of 7/8/17

In case you missed yesterday’s blog post, my new PIP number was on that chart/blog post. 

 

The S&P 500 fired a sell warning Thursday and quickly reversed and canceled it on Friday. The DMI is negative. The slope of price indicates that a Bull flag is forming. I think we can officailly say that summer time doldrums in the stock market are here. Unless price starts to climb soon, we could sell warning 1 and 2 fire next week. 

 

 

The Small Cap also fired a sell warning on Thursday and quickly canceled it on Friday. DMI is also negative. We have definately entered a flat boring stage with the Small Cap. Price will soon need to start moving up or it will quickly start firing sell warnings. 50 Day ma, CBL, and intermediate uptrend are all merging to one spot. Things could start happening quick for the S-fund. 

 

 

The International fired it’s first sell warning on June 20th. Thursday this week, the I-fund fired it’s second sell warning. We have a big bull flag formed and we will hope that it breaks out to the upside as is the norm. I break out is due now. DMI on this chart is also negative. 

 

 

Bonds fired a monthly sell signal that was really hard to read because of the 1 cent difference in buy or sell. I set a rule to follow the first trading day of July that if it failed, then it confirmed the monthly sell. What I didn’t tell you clearly though is that same signal would confirm a daily sell signal. So Bonds fell apart quickly and is now a sell monthly and daily. I can also tell you that if price continues down next week, the Weekly will also fire a sell. With the negative turn of events in bonds, you would think that stocks would start to rise. It normally means safe money is shifted into higher risk assets. Next week coould be an interesting week. Based on everything I see, I would think that the Small Cap and S&P 500 would have a good week next week. The only thing is, is that it is Summer time and anything can happen. The new green line on the Bond chart above is the CBL buy line. 

 

 

Conclusion: Things are slowing and shifting to the negative. We could see a negative month for July. There is hope based on the recent events in Bonds, that stocks will rise. We watch the show and rie the wave.