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Drip, drip, drip... up

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Stocks ticked higher again on Wednesday after some early selling gave dip buyers another reason to do their thing. The Dow gained 42-points, or 0.18%, with similar minor gains in the other major indices. The tax cut talk is keeping the bears away, so despite some overvaluations in this extended market, apparently not many are willing to sell until this is resolved.

Daily TSP Funds Return


I have to apologize - I am on the road again and in a hotel and giving me a very weak signal to my broadband connection, so I am using the hotel's unsecured open connection and I want to get off it as soon as possible.

I'll post a couple of charts but the action continues to be a quiet drip, drip, drip to the upside with lighter than normal trading volume and volatility.

The SPY (S&P 500 / C-fund) made a new closing high as the indices keep marching higher. The trend is up and I keep saying that it can't keep up this angle of incline, but the market continues to prove me wrong.




The AGG (Bonds / F-fund) was up slightly as it flirts with the 50-day EMA.




Thanks for reading. We'll see you back here tomorrow.

Tom Crowley

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S&P 500 (C Fund)
S&P 500 INDEX,RTH (^GSPC)
DWCPF (S Fund)
Dow Jones U.S. Completion Total Stock Market Index (^DWCPF)
EFA (I Fund)
iShares MSCI EAFE Index (EFA)
AGG (F Fund)
iShares Lehman Aggregate Bond (AGG)
Source: https://finance.google.com/finance