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TSP Talk Weekly Wrap Up

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Stocks were down initially this week after some profit taking from the gains of the previous week. The buyers stepped back in on Wednesday and stocks were up before the FOMC policy statement was released. At first, investors were not happy with the Fed's statement of the possibility of rate hikes in December and the market dropped initially, but minutes later buying resumed and continued into Wednesday's close. The market leveled off Thursday but some of the Wednesday's gains were taken back Friday as stocks sold off into the close.

The C and S fund saw small gains this week. The F-fund was down but the I-fund lagged and was down about 1%



Here are the weekly, monthly, and annual TSP fund returns for the week ending October 30th:




October was a great month for the TSP Stock funds; the C-fund led with an 8.45% gain in October, the I-fund jumped 7.07%, and the S-fund was up 5.61%

The SPY (S&P 500 / C-fund) was up quite consistently in October but is facing some overhead and rising resistance going into November. There is rising support that could be creating a wedge. The C-fund was up 0.23% this week.




The Dow Completion Index (S-fund) was also up this week and broke through the neckline of its inverted head and shoulders pattern Wednesday but is now back below it as it ran into some descending resistance from August. The Index is still above its 50-day EMA and was up 0.21% for the week.




EFA (EAFE Index / I-fund) started the week above resistance but with the 200-day EMA in the way, it was back below it on Tuesday. There is still an open gap from early October that may want to be filled and EFA will look for support at its 50-day EMA. The I-fund was down 0.98% this week




AGG (Bonds / F-fund) was also down this week and fell below its long-term rising support Thursday leaving an open gap behind. Bonds pursued that open gap Friday but closed at the trading channel support line by the close. The F-fund was down 0.30% for the week.





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.

Tommy Crowley
www.tsptalk.com
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The legal stuff: This information is for educational purposes only! This is not advice or are commendation. 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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Updated 10-31-2015 at 03:39 PM by TommyIV

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TSP Talk Weekly Wrap Ups

Comments

  1. Wildwood's Avatar
    Thank you. Appreciate your support and sharing! From where I sit it looks a lot like more of the same status quo. Possibly elections or real wars might change things.

S&P 500 (C fund)
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Dow Completion (S fund)
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EFA (I fund)
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Bonds (F fund)
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