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Yesterday was a rather boring day with a minor hiccup in the indices. That is just what the bulls would want - a low volume dip that the bears could not jump on, despite some concerning news out of Europe. The Dow lost 17-points on the day.
For the TSP, the C-fund slipped 0.04% yesterday, the S-fund dipped 0.11%, the I-fund
The underlying market strength continues as sellers were unable to do much damage today. This in spite of one of the lowest volume days of the past decade. Volume on the NYSE was under 700 million shares traded. With such low volume and little price movement it's easy to conclude that the downside is still limited. At least for the moment.
There was very little news today, so I'll go right to the charts this evening.
Updated 02-07-2012 at 05:01 AM by coolhand
A strong employment report on Friday sent the indices soaring yet again as the relentless rally continued. The Dow gained 157-points after we got word that 243,000 jobs were created in January, and the unemployment rate had dropped to 8.3%.
For the TSP, the C-fund gained 1.47% on Friday, the S-fund was up 1.94%, the I-fund picked
I didn't really realize it till today, but looking at the top tier of the tracker the Top 4 are separated by just 0.69%. And in fourth place is the 7-Sentinels. And the 7-Sentinels shares fourth place with exactly 50 other TSPers. Behind that group you can go all the way down to number 96 and still see folks with returns in double digits. This group is kicking some major booty and there are many more even below that level that are sporting some very impressive gains too.
The jobs report caps a big week
The bulls remained in charge last week as the major stock indices all saw nice gains, capped by a big rally on Friday after a better than expected jobs report.
For the TSP, the C-fund gained2.22% on the week, the S-fund was up 3.66%, the I-fund made 2.85%, while the F-fund (bonds) slipped 0.06% and the G-fund was up 0.03%.