Coolhand's Market Analysis

While the market was largely flat on Friday (that bullish OEX P/C was apparently not enough), the week ended in the green as all three TSP stock funds moved higher.



The S&P 500 is hitting fresh all-time highs after finally breaking through resistance in the 2400 area last week. Volume has been falling off a bit on the way up and strength went flat on Friday.



The DWCPF posted ...

It was another down week last week, unless you were in the I or F funds. But the good news is that there were two upside reversals last week that are highly suggestive of a bottom being in.



The S&P 500 shows us that price gapped lower last Wednesday, breaking and closing well under the 50 dma. But then we see two back-to-back rallys that erased a good portion of Wednesday's losses and that puts price with striking distance of overhead resistance ...

I really thought the market was going to do better last week than it did. All three TSP stock funds closed with weekly losses, and it was the S fund that led the way again.



The S&P 500 has traded in a range for the better part of 3 weeks now. It tested its previous all-time high early in the week last week, but fell back by week's end. Still, it's in the middle of its range so it wouldn't take much for it to retest that line of resistance ...

Last week, I said I was leaning bullish for the week on solid breadth and liquidity readings. I also noted that NAAIM was bullish, which is bullish for the market in general.

But it was a tough week for those of us in the S fund as that index closed just 0.04% higher. And it took a big Friday rally just to get back to even. The C fund fared better with a 0.66% gain, but it was the I fund (EFA) that really stood out as it tacked on a cool 2.57% gain. I really don't know how long that ...