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Special Bulletin: January 28, 2026

YellowLight

Happy 10th Anniversary TPM!

I would like to thank my Lord & Savior, Jesus Christ, for the blessing of serving our clients for the past 10 years! Praise God! Thank you to our wonderful clients for their trust, patience and encouragement, and for your friendship. I also thank our wonderful employees (past and present) and in particular, Karen, Amanda and Natalie, for their professionalism, excellence and encouragement over the last several years. Could not have done it without you! Thank you for serving our clients and our TPM team so well! Finally, thanks to our many vendors and friends within the industry, specifically the amazing team at Sowell and the dedicated folks at Schwab. Thank you all! Here’s to the next ten – God willing!

Much has happened since the inception of TPM and God has gone before us through it all. Here’s a brief list: 2016- Brexit, the big “Upset,” 2017- Russian election interference hoax begins and Trump tax law changes, 2018- the China trade war and December “Taper Tantrum #2,” 2019- historic US Govt shutdown, 2020- the Covid “Plandemic” hits, 2021- the “Steal” is completed and J6 is politically manipulated/distorted, 2022- the “Biden Bust” bear market and SCOTUS abortion ruling reversed, 2023- heinous October 7th attacks on Israel, 2024- attempted assassinations & Trump 2.0, 2025- DOGE, trade tariffs and the Charlie Kirk murder, just to name a few.

Through it all, sound investment principles and important risk management tactics have proved invaluable. Again, we praise Jesus for His benevolence, provision and mercy.

On Wednesday, November 26th, at the 9:30am open, our Current Market Outlook was upgraded to “Uptrend Under Pressure” with a yellow light from a red condition. The SPX was at 6,793.54. That yellow condition is still in place as of today, January 28th. The TPM Core Four is once again on the verge of changing to a green condition but is not there yet.

The Fed decided to stand pat on the intertest rates today – no change. Watch closely over the next few days to see how this sits with the big cats on Wall Street. Keep in the back of your mind that February is often a weak month for equities and that the investor sentiment readings are beginning to show high complacency – nearing euphoria.

Continue to remain on guard for the pending SCOTUS decision on the legality of the Trump tariffs– the stock market will likely go breathtakingly hard one way or the other. Last month we posted, “The big event facing the stock market as we start the new year is still the pending decision by the SCOTUS on the tariff matter. This will likely be a game-changer and market mover… at least for a while. Team Trump 2.0 has probably already developed plans for either outcome and those plans may even mitigate a huge decline or exacerbate an already explosive rally.”

It has been interesting, invigorating and often challenging to regularly publish this Current Market Outlook blog for the past 10 years. A big “thank you” to Autumn, Amanda, Rod and Ryan for your invaluable help and guidance. I am prayerfully considering its fate in the weeks ahead and welcome any comments. 

May the Lord Jesus bless you.  <><

“So He declared to you His covenant which He commanded you to perform, that is, the Ten Commandments; and He wrote them on two tablets of stone.

And with a pillar of cloud You led them by day, and with a pillar of fire by night to light for them the way in which they were to go.”

Deuteronomy 4:13 & Nehemiah 9:12 NASB 1995

Game plan: Dust off your exit strategy. Monitor the key indexes to make sure they hold their respective 21-day and 50-day mav’s. Employ strong risk management disciplines if they fail to hold in February. Ask the Lord for wisdom. Please pray for the peace of Jerusalem (Psalm 122:6-7) and for conviction, forgiveness and unity in our country. 

Note: You can learn more about The Triumphant Core Four risk management system by clicking here.

Have a Triumphant day! ® 

The information in this article is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Not to be used as legal or tax advice. ©2026 Triumphant Portfolio Management, LLC.

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