TSP Talk - Thrift Savings Plan Talk
 


Twitter
Search TSP Talk and tsp.gov

TSP Talk Market Comments TSP AutoTracker Premiums Site Map TSP Funds Forum Returns

Thrift Savings Plan Talk

For Federal Government Employees and Military Personnel
TSP Talk - Thrift Savings Plan Talk
Quotes & Links

TSP Share Prices & Returns

The Headline News

Fund Index Quotes

Market Futures Quotes

Popular Charts

Earnings Reports

Economic Calendar
 

 

Premium Services

TSP Talk - Thrift Savings Plan Talk

 
 

Sponsor's Links

 

Mobile Options


- Android Forum App

- iPhone Forum App

- TSP Talk Mobile Version

 

 Quick Link to ...
TSP Share Prices | Reader Testimonials

RevShark's TSP Timing Newsletter & Afternoon Commentary - [more info]

Trader Fred's System |   EbbChart Trading SystemIntrepid Timer Strategies
Yahoo! Financial Glossary - A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Market Comments


June 19, 2013

Archives  |  Current TSP Share Prices

TSP Talk - Thrift Savings Plan Talk
 Today's Commentary         (Not seeing a current commentary?)               

Taper or no taper?

To Discuss This Market Commentary: Click Here


The Dow gained 138-points keeping the triple digit moves coming.  The gain was broad but volume was light in front of today's Fed press conference.
 

Daily TSP Funds Return
G-Fund: +0.0050%
F-fund: -0.01%
C-fund: +0.78%
S-fund: +0.94%
I-fund: +0.46%

More returns

The S&P 500 is holding above the descending resistance line (red), but there is a small rising wedge (blue) that could cause problems.  You can see how volume has been drying up as the index rallied off its recent low.

                        

                       Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk


I could go over some indicators or talk about the breakout as a positive - and the chart does look pretty good, but my attention right now is still on the 1987 comparison.  If we can get by this without any damage I will have likely missed out out on some decent gains and we'll go from there, but the volatility is high and I am taking note that something may be brewing and I'm playing it safe - just in case. 

Here's the current intermediate-term chart.  Looks nice...
                       

                       Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk


And here is the 1987 chart in about the same area...

                       

                       Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk


And of course here is what happened shortly afterward in 1987...

                       

                       Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk


Of course there are many differences in the current conditions, but it's the chart formation I am watching.  We have a debt bubble today that many expect to burst, but whether that happens this week or in a couple of years, no one really knows.  If this current comparison is trying to tell us something, why not be ready for it?  The doomsday December 21, 2012 believers may have been embarrassed when the world didn't end, but they were alive and probably have a nice stash of food for emergencies now.  No harm, no foul.

The FOMC meeting started yesterday and today at 2:30 PM, I believe, Ben Bernanke's press conference begins.  If he mentions the word "taper"
(in the context of QE) you may see some panic ensue.  Investors are so worried about this that if they hear the word "paper", or any word that rhymes with taper,  there may be some selling first, ask questions later reaction.  Ben should measure his words carefully, but we are set up for a sell-the-news reaction, despite the nice set up in many charts.

Thanks for reading!  We'll see you back here tomorrow.

Tom Crowley



  The easiest way to print this commentary is to copy and paste above into a document like Word.


Wednesday is the 13th trading day in June:

                                             Chart provided courtesy of www.sentimentrader.com
 

Market Commentary Archive

Commentary Archives
 
Have questions? Visit our message board for answers.

Would you like to be on our email alert list? Your email address will never be given out. Please read our privacy policy. By signing up you agree to the TSP Talk Terms of Service.

Like what you're reading? Please Tell a Friend about us.

Info, Help & Links


TSP - What is it?
Who Is TSP Talk?
What Can We Do For You?
Want More Help?

Site Map
TSP Talk Toolbar

Mug Shots
Recent Forum Activity
Video & Image Library

Market Analysis Videos
TSP.gov Home Page
My Federal Retirement
Ocean's ETF Blog

FAQAQ
FAQ for Prem. Services
FAQ for Alerts
Reader Testimonials
Help
Report Problems / Errors
Tell a friend or co-worker
Contact Us


 

Quotes

 
 

S&P 500 (C fund))
[Chart]
1d  5d  3m  6m  1y  2y
Dow Completion (S fund)
[Chart]
1d  5d  3m  6m 
EFA (I fund)
[Chart]
1d  5d  3m  6m  1y  2y
Bonds (F fund)
[Chart]
1d  5d  3m  6m  1y  2y
20min. delay http://finance.yahoo.com

TSP Talk does not guarantee the accuracy or completeness of this report, nor does TSPtalk.com assume any liability for any loss that may Marchfrom reliance by any person upon any such information or opinions. Such information and opinions are subject to change without notice and are for general information only.  The information contained on this website is for educational purposes only and not intended to be recommendations, and may not be published, broadcast, rewritten or otherwise distributed without prior written consent from TSPtalk.com. Full Disclaimer

Copyright © 2003 - 2013
Buy Low Sell High, Inc.
TSPtalk.com ® is a trademark of Buy Low Sell High, Inc.
All Rights Reserved

Buy Low Sell High, Inc., P.O. Box 13213, Ogden UT 84412


 

TSP Talk Market Comments TSP AutoTracker Premiums Site Map TSP Funds Forum Returns

Quantcast