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Coolhand's Market Analysis

Keeping It Simple

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Last week, I said I was expecting the market to bias higher. The up and down nature of trading didn't change, but by week's end the market was higher. All three TSP stock funds were up as the S fund more than doubled the C fund, which came in 2nd place with a gain of 0.87% to the S fund's impressive 2.07%. The I fund just did keep its head above water with a 0.11% gain.

Rod's Account Talk-spx-jpg

The S&P 500 started the week under its 50 dma, tested it on Thursday, but closing out the week under it once again. Strength and momentum are sitting largely flat, but the bias is up. Price just needs to break through that 50 dma and falling resistance now, which I think is just a matter of time from here.

Rod's Account Talk-dwcpf-jpg

The DWCPF gave back some of Thursday's gains on Friday, but price did manage to test and bounce off the 50 dma. That's bullish at face value.

Rod's Account Talk-bkx-jpg

The Bank Index pulled back on Friday along with the broader market, but the short-term trend is now up, though we do have a falling line of resistance to contend with.

Sentiment in some pockets saw bullishness dip by the end of last week. While the change is not decidedly bullish (the readings are mostly neutral), they are supportive for stocks in general. Couple that with still positive breadth and liquidity indicators and it's hard to see the bears getting much going; though the up and down nature of the current market may continue.

For next week, I'm leaning modestly bullish.

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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)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes