Market Comments

May 1, 2007

 

Fund share prices as of: 4/30/07
Fund - G Fund F Fund C Fund S Fund I Fund
11.90 11.37 16.49 20.00 24.00
$  Change - +0.01 +0.03 -0.13 -0.28 -0.14
% Change - +0.08% +0.26% -0.78% -1.38% -0.58%
  L2040 L2030 L2020 L2010 L Income
17.94 17.08 16.29 15.03 13.08
$  Change - -0.12 -0.10 -0.08 -0.05 -0.02
% Change - -0.66% -0.58% -0.49% -0.33% -0.15%



Today's Comments (Short Term Outlook)                             Printer friendly

A test
 

The market gave way late yesterday after as we finally saw what appeared to be some profit taking.  For the first time in a while the "buy the dippers" didn't step up, but today's another day.  Now the indices are facing a convergence of resistance and support, and something's going to give.


                                   Charts provided courtesy of www.decisionpoint.com


Today starts the weaker six-month period of the year, but the first three trading days in May do have a strong historical positive bias.  After that however, it gets a little dicey seasonality-wise.
 
                                  Chart provided courtesy of www.sentimentrader.com

May 1st is May Day and many of the European markets will be closed for the day.  I suspect that means the Asian markets will have a larger impact on the I fund today.  As I write this Monday night, the Japanese and Hong Kong markets are down about 1%.  But the I fund seems to have already factored in that by way of fair value with its 0.58% drop yesterday as the EAFE actually closed slightly higher yesterday.

Trader Fred has some interesting data to share in today's TSP Trader System commentary.  Read how close the system came to moving to a sell signal yesterday on the system page.

That's all for today.  I am currently 100% F fund.  See you tomorrow.

Administrative Note: A couple of our readers and message board members have written some useful utilities for our TSP accounts that I thought worthy of publication for our readers.  You can find everything from TSP Fund charts, data for your Quicken programs, and stock and currency quotes, to I Fund estimation tools and a TSP account growth projection calculator.  Have a look:
 

1212Computer's Resource Center
Free resources for TSP investors:
TSP fund charts, Quicken data, [more].		 TSP Lookup
Excel tools to help you track TSP fund prices plus stock and currency quotes.

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