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August continues to shine
I will spare you this weekend as this will be a vacation shorten Wrap Up.
Stocks continued their August rally as the indices defy gravity and cling to overhead resistance.
Here are the TSP fund returns for the week of August 13 through August 17.
The S&P 500 broke above the normally bearish
Stocks rallied yesterday finally breaking through the flat top we have watched for the last several days. The Dow gained 85-points moving above some resistance but ran into a little more.
TSP Talk Sentiment Survey results for the week of 8/20/12- 8/24/12
The TSP Talk Sentiment Survey came in at 45% bulls, 45% bears, for a bulls to bears ratio of 1.00 to 1. That is a buy signal which means the system will remain 100% S fund for the week of 8/20/12 - 8/24/12.
Bull market rules have been in effect since the week of 1/09/12:
See latest survey results
To discuss or comment on the Sentiment Survey, go to Sentiment Survey Talk
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.