TSP Talk - Thrift Savings Plan Talk
TSP Talk on Facebook TSP Talk on Twitter Mobile TSP Talk
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, Charts, Info

TSP Share Prices & Returns
Fund Index Quotes
Popular Charts
Market Futures Quotes
Earnings Reports
Economic Calendar

Sponsored Links

Need a back-link...
or want to Advertise?

Premium Services

TSP Talk - Thrift Savings Plan Talk


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

Intrepid Timer Strategies  |   TSP Talk Plus

Market Commentary

November 17, 2017

Archives  |  Current TSP Share Prices
TSP Talk - Thrift Savings Plan Talk

 Today's Commentary         (Not seeing a current commentary?)               

Stocks rebounded on Thursday erasing the losses of the prior two days.  The Dow jumped 187-points on the day, or +0.8%, as the dip buyers mocked the bears after their first 0.5% decline in two months on  Wednesday.  It was a broad rally across most indices and for now the bulls have been able to defend the support that was being tested.
Daily TSP Funds Return

More returns


A few strong earnings reports got the ball rolling yesterday, but a Tax Reform Bill passed in the House of Representatives yesterday so tax cuts are one step closer to a reality, and investors rejoiced.  It's not a done deal yet since the Senate still has their own bill to pass, but the goal for the House was to get theirs through by Thanksgiving, and that has now been done.

This may be a major turning point after just a slight pullback in the indices, but before we get too excited about this move, a rebound wasn't a total surprise since the indices had gotten oversold in the short-term while successfully testing support that tends to hold on the first test.  I would not be surprised to see stocks grind sideways or even slip back again now that the emotional House tax plan is a done deal with more steps to get through before tax reform actually passes.

One interesting angle to view the rest of the year is that since tax rates may be going lower for many people in 2018, there may not be much selling to end this year since 2017 capital gains could be taxed at a higher rate then if they wait until next year to sell.  Perhaps even January could be a bad month because of that?

The SPY (S&P 500 / C-fund) bounced up and tested some weak resistance, which held - but may not be a major factor.  Whether we see new highs in the coming days, I don't know, but the internal issues with this market have not disappeared yet because of one oversold rebound.  Profit taking wouldn't be a surprise because the Senate bill is not coming this month and there may see some invertors sock away gains until then.


The small cap Russell 2000 index jumped 1.56% after lagging for the last month or so.  As you can see, there was some technical reasons to see some kind of rebound here as a couple of support lines intersected near 1450.  But it remains below some possible overhead resistance.


The Dow Transportation Index also neared some strong support areas before rebounding.  There's some resistance near yesterday's highs but it wouldn't be a surprise to see at test back up near the 50-day EMA after the sharp pullback.


The EAFE (I-fund) gapped up yesterday (red gap) while filling another (blue).  69.75 would be some interesting resistance to test should it move up there next week.


The High Yield Corporate Bond Fund rallied 1% after Wednesday's big reversal day.  Two gaps were filled on the way up yesterday (blue) and another one was opened (red).  It is now testing the key 50-day EMA.


The AGG (Bonds / F-fund) came down as it was risk on for stocks so the safety plays moved lower.  The top of the descending resistance line held as support.


Read more in today's TSP Talk Plus Report.  We post more charts, indicators and analysis, plus discuss the allocations of the TSP and ETF Systems.  For more information on how to gain access and a list of the benefits of being a subscriber, please go to: www.tsptalk.com/plus.php

Thanks for reading.  Have  great weekend!

Tom Crowley

Like what you're seeing on TSP Talk?  Why not Tell a Friend about us?  We'd really appreciate it, and they may too.  Thanks!

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

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.

Help and Resources

Site Map
FAQ - Premium Services
FAQ for Alerts
Reader Testimonials
How to Make a Transfer
How to Make an IFT (Video)
Report Problems / Errors
Contact Us

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

Mug Shots

TSP Talk User Map
Tell a friend or co-worker
Recent Forum Activity
Video & Image Library
Market Analysis Videos
TSP.gov Home Page
My Federal Retirement

Mobile Options
- TSP Talk Forum Apps

S&P 500 (C Fund)
DWCPF (S Fund)
Dow Jones U.S. Completion Total Stock Market Index (^DWCPF)
EFA (I Fund)
iShares MSCI EAFE Index (EFA)
AGG (F Fund)
iShares Lehman Aggregate Bond (AGG)
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 result from 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 - 2017
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