Thrift Savings Plan

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Bollinger Bands are exhibiting a “Squeeze” today (top and bottom bands are close together) suggesting a breakout (up or down) is coming. RSI is neutral and indicators seem generally mixed. We had a squeeze on 3 August and also early June that led nowhere. Before that we had a squeeze in late June of 2017. That too, was inconsequential.

The S&P 500 has been trying to break above the January 2017 high and has failed so far. In addition, a series of big up and down moves like we have seen recently can indicate a top so I have been mildly concerned this week.

Indicators based mostly on market internals are mixed. So, I guess I’ll stand pat (fully invested) until we see some more evidence.

Here’s a link to my daily Navigate the Market Blog…
http://navigatethestockmarket.blogspot.com/