For the TSP, the C-fund gained 0.40% yesterday, the S-fund made 0.54%, and the late U.S. rally could not push the I-fund into positive territory as it it slipped 0.17% on the day.  The F-fund (bonds) lost 0.07%.

I am going to leave yesterday's commentary below since yesterday's action does not change the situation at all.  The upcoming earnings season and the potential for QE 2 are still what investors are looking toward, and the lack of much of anything yesterday gave us a mostly flat to slightly higher day.  The Fed minutes did help give the dip buyers a reason to buy.

The only development that I have noticed is this new rising wedge on the chart of the S&P 500.  It is nearly at the apex already so we will either have some very tight trading ranges over the next couple of days, or we will get a breakout / breakdown.  Rising wedges tend to break downward, but in the is bullish environment, I am not willing to bet too much on that.

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

We do have a few more important economic reports coming out this week, and some larger name companies will be reporting earnings, so we may actually get some action this week.

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

Tom Crowley