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Stocks sold off toward the end of the day on Tuesday to close modestly lower on the day. The Dow lost 59-points, or 0.22%, while the S&P 500 and Nasdaq both saw similar percentage losses. The I-fund was down sharply on a strong day for the dollar. Small caps held onto a slight gain while the Transports rallied sharply. Bonds also rallied.

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I was out of the office most of the day again yesterday and it looks like I missed a whopper. When I woke up just before the bell and checked the quotes (I'm in the pacific time zone right now so it was 6:15 AM) the futures were flat and it looked like we were on the way to another flat day. But buyers stepped up rather quickly and when I checked a couple of hours later I saw what had happened. The Dow gained a solid 0.55% but the broader indices, particularly the Nasdaq and small caps, really ...

The Dow was down, the S&P 500 was up. The Nasdaq was up, small caps were down. Oil was up and that seems to be helping keep stocks buoyant but the divergence between the indices is interesting. There seems to be some indecision out there as investors pick and choose what might do best next.

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The week ended on a positive note with the Dow gaining 110-points on Friday and smaller percentage gains in the broader indices, but it wasn't quite enough to pull the S&P 500 (C-fund) and small caps (S-funds) out of the red for the week. The I-fund was roughed up a bit on Friday as the dollar spiked up, but it was actually the best performing fund for the week, despite the strength in the dollar.

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Hey all I'm taking the week off to enjoy the holiday. I will cover the action in the TSP funds including this week in next week's post.

Happy Holidays