All Blog Entries

4/25/12

We saw steep losses in stocks on Monday but as we mentioned yesterday, despite the losses, there was an decent intraday reversal and the indices closed near the day's highs that day. Reversals such as that tend to create a follow though day, which is what we got on Tuesday. The Dow finished off its highs, but did gain 74-points on the day.


For the TSP, the ...

4/24/12

Political uncertainty in Europe, and the economic slowdown in China sent stocks reeling on Monday. The Dow lost 102-points on the day, but did manage to close 82-points off of the morning lows.


For the TSP, the C-fund was down 0.84% yesterday, the S-fund lost 1.25%, the I-fund dropped 1.89%, and the F-fund (bonds) gained 0.12%. ...

This emotional, Monday morning gap down is at a crucial point. If the selling continues and we see a new low in April (solid red line), we can draw in a new downtrend line (red dashed line).

If this morning's lows hold, the downtrend line would not be drawn yet, and we could have a double bottom situation. The afternoon trading will be key.



As we talked about in today's commentary the Monday after ...

Below are the Near York and Nasdaq McClellan Oscillators. They track the difference between the 19 and 39 exponential moving average ema(s) of daily closes of advances minus declines. The oscillator is ratio adjusted, so that a changing number of issues over time in the markets can be compared. Values below zero are in bearish territory. However, the market can rally when below zero but cannot be sustained for very long; unless a continuation occurs where the zero line is crossed to the upside. ...

Stocks were mixed on Friday and lost their large earlier gains as investors appeared leery about holding over the weekend again. The Dow gained 65, the S&P was flat, and the Nasdaq closed down on the day.


For the TSP, the C-fund was up 0.12% on Friday, the S-fund gained 0.31%, the I-fund made 0.62%, and the F-fund (bonds) lost 0.07%. ...