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Quick update after another uneventful day. The Dow lost 7-points while the S&P added 1+.
A strong open and weakness in the afternoon left us with another rather flat day by the close. The Dow gained 3-points on the day while the S&P 500 was flat.
It was another relatively flat day for stocks yesterday as all of the TSP funds moved less than 0.2%. But the day was not without a little excitement as the indices rallied from early losses to put in yet another reversal day, but the flat top remains.
I took a long weekend and wasn't able to post this week's charts as early as I would have liked, but better late than never I suppose.
When I saw this week's numbers, especially for the Top 50, I had to double check my information because I was a bit surprised at the elevated F fund allocation. And the Total Tracker charts showed similar movement. Make no mistake, we are a bearish group right now.
Updated 08-14-2012 at 01:17 PM by coolhand
Stocks closed strongly on Friday after being in modestly negative territory for most of the day. The Dow gained 43-points on the day, ending a 5th consecutive positive week for the S&P 500.