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Mixed again

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Stocks were mixed again on Friday as the Dow posted a 41-point gain, but that was off the intraday highs. The S&P gained 0.11%, the Nasdaq was up modestly, and the Russell was down nearly 1%.


Daily TSP Funds Return

I've been out of town this week and working on my laptop with a slower internet connection I've kept my commentaries brief, but everything should get posted - premium services, share prices, AutoTracker, etc. Your patience has been appreciated.


The SPY (S&P 500 / C-fund) is holding at the overhead resistance of the inverted head and shoulders neckline. It looks primed for a little pullback, but we have said that for some time now.


Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk


The W
ilshire 4500 (S-fund) may have posted a negative reversal day on Thursday after losing 0.47%. Today's action will be interesting and telling. If a pullback is coming, it may start today (Friday).


Chart provided courtesy of www.stockcharts.com
, analysis by TSP Talk


The EFA (EAFE Index / I-fund) tested the 50-day EMA again on Thursday but it still cannot get back above it. This looks bearish as long as it remains below the 50-day EMA.


Chart provided courtesy of www.stockcharts.com
, analysis by TSP Talk


The AGG (Bonds / F-fund) was up slightly Friday and the analysis remains the same. This looks bearish but as long as the 50-day EMA holds as support, it isn't too bad.


Chart provided courtesy of www.stockcharts.com
, analysis by TSP Talk


Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss the Sentiment Survey Results and the allocations of the TSP and ETF Systems. For more information on how to gain access and a list of the benefits of being a subscriber, please go to: www.tsptalk.com/plus.php

Thanks for reading! Have a great weekend! Again, thanks for your patience this past week. I'll be back to my normal schedule next week.


Tom Crowley



Posted daily at www.tsptalk.com/comments.php

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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Comments

  1. dpmp's Avatar
    Stock market appears to be more "rational" in the past 2 months with the indicators become more reliable. I'm guessing the Fed's spigot (bond buying) has ceased influence in the market.

S&P500 (C Fund) (delayed)

(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)

(Stockcharts.com Real-time)
EFA (I Fund) (delayed)

(Stockcharts.com Real-time)
BND (F Fund) (delayed)

(Stockcharts.com Real-time)

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