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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.
Stocks continue to move up
The S&P 500 (C-fund) closed up on Friday for a sixth consecutive positive day. Some of those days were very small gains, but the bears have not been able to put up a red number in the S&P since August 2. Now the stock market is facing some resistance and overbought conditions so next week could be a challenge.
Here are the TSP
It was another uneventful day yesterday as the Dow lost 11-points and the S&P 500 gained less than 1 point for a second consecutive day. The Dow ended its winning streak, but the small gain in the S&P made it 5 straight positive closes.