Fund share prices as of: 6/29/07

Fund -	G Fund	F Fund	C Fund	S Fund	I Fund
	11.99	11.26	16.78	20.56	24.66
$  Change -	+0.00	+0.05	-0.03	-0.04	+0.21
% Change -	+0.00%	+0.45%	-0.18%	-0.19%	+0.86%
	L2040	L2030	L2020	L2010	L Income
	18.27	17.37	16.55	15.23	13.21
$  Change -	+0.03	+0.02	+0.02	+0.02	+0.01
% Change -	+0.16%	+0.12%	+0.12%	+0.13%	+0.08%

Holiday Strength

Stocks rallied big early Friday morning only to give another 100 point gain back by the close.  About the only positive was that there was a last half hour rally that made it respectable.  We really have to be on our toes here.

This is a short trading week with Tuesday being a half day and of course Wednesday being a holiday.  The week has a strong positive bias but we really have to be on our toes as the volume will be light and the swings could dramatic. 

We are still within the recent trading range but the fact that the market can't seem to hang onto early gains lately is a concern.  We've only seen one close below the 50-day moving average but the market quickly rebounded.  That's something to keep an eye on.
 

                                Chart provided courtesy of www.decisionpoint.com


If you plan to stay in the stock funds you may want to take a look at this chart, which was posted by a member of our message board.  There is a clear trend of small caps underperforming the larger stocks in July.  You will also notice the overall picture of how relatively poor stocks do in July, August, and September.  Of course every year is different with some summers better than others, but stocks are definitely swimming against the current the next few months.
 

              


Being that I ended June with 100% in the S fund (small caps), I should start to look elsewhere.  My thinking is that I will use any seasonal strength this week to lighten up.  The Sentiment Survey system is out of the market this week, and the EbbChart is moving aside for a couple of days as well.

The EbbChart System is in I-fund for today but is making an interfund transfer this morning.  Read more on the ebbchart page.

Trader Fred's TSP Trader System is now on a buy signal - but for how long?  Read more from Fred on the system page.

Administrative Note:  One of the things that has always been missing from TSP Talk has been good information about the Savings Plan itself.  We have focused mainly on managing the funds.  Well, we have joined forces with FedSmith.com, who will now share their TSP Corner articles with us.  Check in with TSP Corner each week to get the latest TSP news.

That's all for today.  I am on vacation this week but I should be able to continue to check in daily.  I am currently 100% S fund.  See you tomorrow!