Market Comments March 18, 2009 TSP Fund share prices as of: 03/17/09 Fund - G Fund F Fund C Fund S Fund I Fund 12.8077 12.4141 9.0542 10.4822 11.6710 $  Change - 0.0010 -0.0179 0.2812 0.3694 0.2395 % Chg day - +0.01% -0.14% +3.21% +3.65% +2.10% % Chg wk - +0.03% -0.28% +2.85% +2.17% +3.69% % Chg mon - +0.13% -0.08% +6.02% +4.18% +3.56% % Chg 2009 - +0.53% -1.32% -13.23% -14.13% -18.13%   L2040 L2030 L2020 L2010 L Income 10.9811 11.2987 11.7414 13.2895 12.4601 $  Change - 0.2589 0.2346 0.2029 0.1129 0.0739 % Chg day - +2.41% +2.12% +1.76% +0.86% +0.60% % Chg wk - +2.39% +2.10% +1.77% +0.87% +0.60% % Chg mon - +4.10% +3.67% +3.13% +1.64% +1.19% % Chg 2009 - -12.08% -10.49% -8.69% -3.93% -2.54%

Today's Comments (Short Term Outlook)                             Printer  friendly

Bulls not giving in Stocks powered their way higher yesterday as the Dow jumped 179-points, and the TSP C and S funds picked up over 3% each on the day after some positive housing data.  Volume was light and resistance is near, so the test for the bulls is here and now. The S&P 500 is now pushing against resistance after yesterday's big rally.  It was an outside day, meaning yesterday's low was lower than Monday's low, and yesterday's high was higher than Monday's high.  The fact that it closed at the high of the day is positive makes it a positive outside day, but volume was light in front of today's FOMC meeting.                    Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk The NYSE overbought/oversold indicator is reaching an extreme overbought level, which is another test for this rally.  A strong market will continue to rally during overbought conditions.                     Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk This being an options expiration week and today being a Fed FOMC meeting, the rest of the week should provide many fireworks. Today is the 13th trading day in March, and you can see in the chart below that the historically strong March seasonal bias starts to dissipate during the 2nd half of the month. I will be on the road today and out of town the rest of the week - and in a different time zone - so my schedule will be a little different than usual.  I will try to update the commentary each night but I may be a little slower than usual responding to any emails. We started our annual March Madness contest.  If you are interested in participating, please click here for more information.  That's all for today.  Thanks for reading.  See you tomorrow!