Here is a chart of the emini SP 500 futures in the 5 minute timeframe for the last 9-10 days. The market must rise above the support line to continue. We see two possibilities at the moment; a bullish falling wedge or a downtrending channel.
The Thrift Savings Plan recently released the results of its participant survey conducted in October of 2011. The survey analyzed plan participants' satisfaction with TSP features, services, and communications as well as considering factors such as participants' retirement readiness.
According to the TSP, participants were selected at random, responses were kept confidential, and more than 8,200 participants completed the survey.
The survey results are highlighted
The C fund for the Thrift Savings Plan broke its string of four straight months of gains with a loss in April, down 0.62%. The other underlying stock funds were also down with the S fund losing 0.71% and the I fund losing 1.87%.
For the past twelve months, the C fund is still up 4.85% (11.94% for the year-to-date) while the S fund is down 1.24% over the past twelve months (up 13.64% for the year-to-date) and the I fund is down 12.49% but up 8.84% for the year-to-date.
Despite the Dow hitting a new high this week, this market really seems to be struggling to find direction. What happens at the day's open seems to give us no clue as to how it is going to close.
After Tuesday's early strength, the market fizzled in the afternoon. Yesterday (Wed.) stocks opened very weakly, but we saw strength into the close. The Dow lost 11-points on the day, but it had been down 80 in the a.m.
A strong manufacturing report ignited stocks shortly after the open yesterday but the large early gains were diminished by the close. The early 125-point gain in the Dow turned into a 66-point gain. For the TSP, the C-fund was up 0.57% yesterday, the S-fund gained 0.20%, the I-fund fell 0.22%, and the F-fund (bonds)