First of all, if you are on the 2011 AutoTracker and have signed in since 10/01/11, then your account WILL rollover to 2102 automatically. Go on you way. No need to read further.
For anyone who does not currently have an account on the AutoTracker, and wants to be on it for all of 2012, you will have until Tuesday Jan 3 at 5 PM ET to get on it.
Of course you can get on it after that date, but you will have a partial year
Stocks rebounded on Thursday, getting back most of Wednesday's big losses. The Dow gained 136-points and Friday may be the last day of the positive seasonality assistance.
For the TSP, the C-fund gained 1.07% yesterday, the S-fund was up 1.27%, the I-fund gained 1.14%, and the F-fund (bonds) added 0.06%.
TSP Talk Sentiment Survey results for the week of 1/03/12- 1/06/12 Sell: The TSP Talk Sentiment Survey came in at 45% bulls, 40% bears, for a bulls to bears ratio of 1.13 to 1. That is still a sell signal in a bear market which means the system will remain 100% G Fund for the week of 1/03/12 - 1/03/12. The system is getting close to moving to bull market rules (where 1.13 would actually be a buy signal.)
Bear market rules are in affect 8/22/11: See latest
In yesterday's blog I had pointed out the very oversold condition reflected by TRIN and was relatively sure we'd see a snap back rally as a result. The market did just that, although it failed to retrace all of the previous days gains. And I suspect we'll be seeing more downside action tomorrow. But let's review today's events first.
Italy's debt auction was a mixed bag, but the market kept a positive tone in any event.
Stocks pulled back sharply yesterday on light, holiday volume. More concerns in Europe sent the euro down and the dollar up, putting pressure on the U.S. markets. The Dow lost 140-points.
For the TSP, the C-fund lost 1.22% yesterday, the S-fund dropped 1.87%, the I-fund was down 1.31%, and the F-fund (bonds) gained 0.43%.