TSP Talk Blog

Stocks opened higher on Monday morning and the indices quickly ran up to try to fill those open gaps from last Wednesday's sell off. Those gaps are now filled and the Dow ended the day with a 90-point gain. The Nasdaq and Transports led on the upside while small caps and the I-fund also had good days.

...

It was an interesting week for stocks as politics has become one of the major catalysts for a market looking for a catalyst. The Dow jumped 142-points on Friday after Thursday's reversal off of the recent lows. It was solid gains across the board but some overhead resistance and another late story out of D.C. pushed stocks off their intraday highs into the close.

...

Stocks opened lower again on Thursday, following through on Wednesday's severe sell-off. Dip buyers showed up and the indices stabilized and then rallied into positive territory after more news out of Washington. The Dow gained 56-points and we saw better bounces in the broader indies. But it might still be considered a "dead cat bounce" at this point. We need to see more upside follow-through.

...

The historically low volatility finally ended yesterday as stocks sold off after another wave of political turmoil. The Dow lost 373-points and we saw losses of about 2% or more across the board. The lagging small caps and Transports gave up 2.2% and 3.1% respectively, and we finally saw those open gaps get filled on the S&P 500.

...

The Nasdaq led the way as large cap tech continues to roll. The Dow and S&P 500, along with the small caps and Transports, were all down slightly but closed well off their lows. The Dow lost 2-points. The I-fund had another good day as the dollar continues to decline.

...