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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Stocks moved up this week as the Senate was expected to vote and pass the tax bill. The S&P 500 hit its high intraday Thursday but buyers briefly stepped aside Friday as stocks sold off sharply on the news of General Michael Flynn pleading guilty to lying to the FBI opening new doors to the Russian investigation. The selloff was dramatic at first but did not last long as the dip buyers jumped in to erase a bulk of the intraday losses.

Despite one of the best weeks for the Dow in a year, this week was also one the most volatile weeks we've had this year and we saw traders make moves this week shifting from the reliable and possibly overbought growth stocks, to cheaper more valued stocks.

The Senate did pass the bill on Friday night but that was not a shock to investors so the news may already be priced in some extent. The Flynn issue will be all over the media over the next week so it will most likely continue to be some sort of a catalyst for stocks next week.

The C-fund led the TSP funds for the week with a gain of 1.6%. The I-fund lagged with a loss of 0.95%.

Here are the weekly, monthly, and annual TSP fund returns for the week ending December 1st:

Here are the TSP fund returns for the month of November:

The C-fund outperformed the other TSP funds in November while the F-fund was the only TSP fund with a loss for the month.

The SPY (S&P 500 / C-fund) broke above rising resistance and closed above its trading channel Friday. The sell off on Friday may have been limited by the 20-day EMA acting as support. The C-fund was up 1.6% for the week.

The Dow Completion Index (S-fund) did not stay above the rising resistance of tops of the last few months. It did break below its 20-day EMA Friday but not for long before the dip buyers jumped in. The S-fund was up 1.03% for the week.

EFA (EAFE Index / I-fund) closed one of the open gaps produced last week as it was pressed by rising resistance. There are two more open gaps from the previous week below the current price. The I-fund was down 0.95% for the week.

AGG (Bonds / F-fund) gapped down early in the week and fell below the 20 and 50-day EMA as well as some rising support. With trouble in stocks Friday, traders jumped into bonds and the open gap was closed and the losses were wiped out for the week. The F-fund was down 0.02%.

Good luck and thanks for reading. We will be back here next week with another TSP Wrap Up. You can read our daily market commentary at the Market Comments page. If you need more help deciding what to do with your account, perhaps one of our Premium Services can help.

Thomas A Crowley
Weekly Wrap-Ups Archive
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The legal stuff: This information is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this data. Do not buy, sell or trade the funds mentioned herein based on this information. We may trade these funds differently than discussed above. We use additional methods and strategies to determine fund positions.

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SPY (C Fund)
DWCPF (S Fund)
EFA (I Fund)
AGG (F Fund)