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Stocks acted somewhat predictably on Friday as we expected the weak open after the negative JP Morgan Chase news late Thursday. But we also thought, based on the indicators, that buyers could step up, which they did. But with Europe becoming a major catalyst on the market, the buyers dried up as we headed toward the pre-weekend close. The Dow closed down 34-points.
Last week we saw an incredible drop in total stock allocation for the Top 50. As a group, their total stock allocation fell by 61%. The herd (total tracker) also reduced stock exposure (by 8.82%). Reduced stock exposure proved to be the correct weekly call. Unfortunately, as ugly as the selling pressure seemed, damage was minimal for the domestic stock market. For the week, the C fund dropped about 1.06%, while the S fund only fell about .24%. However, the I fund fared the worst with a drop of 1.6%.
Charts breaking down while indicators turn positive
We had some red flags to deal with coming into this past week and the market acted like it. The TSP stock funds all finished in the red as the bulls were not able to hold onto any attempts at a rally.
Here are the TSP fund returns for the week of May 7 through 11.
The Departmentís official Social Meida accounts have been steadily gaining
The U.S. Air Force saw a surge of Facebook growth --an increase of 7.2 percent from April.
t is the largest increase the Air Force has experienced since the March 2012 surge; where it registered an impressive
Stocks were mixed yesterday as the Dow and S&P 500 closed slightly higher, and the Nasdaq and Dow Transports closed lower. The fireworks came after the close on Thursday as JP Morgan Chase reported a $2 billion dollar trading loss.