Market Comments March 26, 2009 TSP Fund share prices as of: 03/25/09 Fund - G Fund F Fund C Fund S Fund I Fund 12.8158 12.5408 9.4720 11.0567 12.5454 $  Change - 0.0010 -0.0263 0.0871 0.1602 0.1839 % Chg day - +0.01% -0.21% +0.93% +1.47% +1.49% % Chg wk - +0.04% -0.10% +5.91% +5.82% +5.14% % Chg mon - +0.20% +0.94% +10.91% +9.89% +11.31% % Chg 2009 - +0.59% -0.32% -9.22% -9.42% -11.99%   L2040 L2030 L2020 L2010 L Income 11.4995 11.7671 12.1515 13.5214 12.6129 $  Change - 0.1096 0.0980 0.0841 0.0445 0.0280 % Chg day - +0.96% +0.84% +0.70% +0.33% +0.22% % Chg wk - +4.63% +4.08% +3.42% +1.69% +1.18% % Chg mon - +9.01% +7.96% +6.73% +3.42% +2.43% % Chg 2009 - -7.93% -6.78% -5.50% -2.25% -1.34%

Today's Comments (Short Term Outlook)

Are bonds telling us something? Volatility continued as the Dow, up over 200-points in the AM, then down over 100 with an hour of trading left, ended the day up 90-points.  The TSP stock funds picked up between 1% and 1.5%.    The S&P 500 did something interesting.  While there is more resistance above, yesterday's midday pullback found support on the prior resistance near 791. It was also an outside day where the day's high was higher than Tuesday's, and the low was lower than Tuesday's.  If the S&P had closed below the Tuesday low it would have been a negative reversal pattern, but the fact that it ended in the middle of yesterday's trading range, and up nearly 1%, I think that negates the negative for now.                    Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk Something else interesting happened:  The gap that was left open from the big selloff in mid-February, was officially closed when the market peaked in the morning.  The index headed sharply lower soon after making today's action interesting.  Can the S&P 500 make a higher high today above the filled gap? While stocks are rallying but are having a little trouble moving over the 825 level, the 30-year bond is forming some interesting bullish patterns.  These flag and pennant patterns are bullish in an uptrend...                                       Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk If bonds do end up rallying here, it could mean a little trouble for the stock market rally as some may use strength in bonds to hide recent profits made in the stock market.                                        That's all for today.  Thanks for reading.  See you tomorrow!