Market Comments March 19, 2009 TSP Fund share prices as of: 03/18/09 Fund - G Fund F Fund C Fund S Fund I Fund 12.8087 12.5768 9.2436 10.7893 11.9887 $  Change - 0.0010 0.1627 0.1894 0.3071 0.3177 % Chg day - +0.01% +1.31% +2.09% +2.93% +2.72% % Chg wk - +0.04% +1.03% +5.00% +5.17% +6.51% % Chg mon - +0.14% +1.23% +8.24% +7.23% +6.38% % Chg 2009 - +0.53% -0.03% -11.41% -11.61% -15.90%   L2040 L2030 L2020 L2010 L Income 11.2145 11.5090 11.9237 13.3935 12.5298 $  Change - 0.2334 0.2103 0.1823 0.1040 0.0697 % Chg day - +2.13% +1.86% +1.55% +0.78% +0.56% % Chg wk - +4.56% +4.00% +3.35% +1.66% +1.16% % Chg mon - +6.31% +5.59% +4.73% +2.44% +1.76% % Chg 2009 - -10.21% -8.83% -7.27% -3.18% -1.99%

Today's Comments (Short Term Outlook)

Fed keeps the buying frenzy going I was on the road for much of the day and while I wasn't keeping a very close eye on the market, I did see that the Fed helped turn a triple digit loss in the Dow into a triple digit gain, and eventually closing up 90-points.   The S&P 500 is basically at a level that "should" be trouble for the rally, and unless their are more positive catalysts, I would suspect a pullback is due.  Either that, or we will be getting a major bear market rally, rather than a typical one.  The S&P 500 could actually move all the way up to the 1000-1050 area and still be in a bear market downtrend.  I'm don't believe that will happen, but I guess anything is possible, particularly if the Fed and government continue to throw anything and everything at this economy to get it going.                    Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk That's all I have time for today as I am on a semi-vacation the rest of the week.  I will leave you with RevShark's daily market wrap-up from yesterday's Around the Reef.  Thanks for reading.  See you tomorrow! Although there were plenty of questions about the price we’re going to have to pay down the road for all of the money that the government is pumping into the economy, the market didn’t seem to care all that much. While we did close off the highs of the session, the indices notched another day of solid gains, finishing with average gains of 1.77%. Still, concerns over the Fed’s moves did send the dollar plummeting and gold soaring, but hopefully, we’ll have a side of growth to go along with that inflation. Indeed, the Fed’s moves should help lower mortgage rates, which will in turn hopefully boost spending and help out both the housing and labor markets. We’ll see how it goes. Our task as this point is to figure out how to navigate the action that is before us. Volume was pretty good today in the indices, but the S&P 500 topped out just under its 50 day moving average and the Dow has yet to get back above its closing low from November. Meanwhile, the Nasdaq was able to reclaim its 50dma, but will be contending with the descending resistance trendline that’s been in place for almost six months now. The bottom line is that we’re dealing with a market that, like it did last month, is moving relentlessly in a single direction. That sort of action never makes for good entry points. The good news, though, is that the market has gads of room to pull back now, and that will only increase the odds of better chart set-ups down the road. Have a great evening, and we’ll see you tomorrow. -- RevShark We started our annual March Madness contest.  If you are interested in participating, please click here for more information.