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Stocks were up modesty on Monday and all of the TSP funds, including bonds, closed with a gain for the day. We knew the indices were getting extended and the indicators were very overbought, but the bears have not been able to do much and the action is pretty much as we expected it might be. That is, the underinvested will be jumping on every little profit taking dip we have seen.
Originally Posted by userque
GDX/NUGT/DUST coiling for a POP soon?!
Stocks were mixed on Friday as the Dow gained 10-points and small caps inched up 0.11% while the S&P and Nasdaq saw minor losses. Geopolitical events may be shaking things up a bit but as we have been saying for a few days now, stocks need some kind of pause to regroup and establish some basing and support.
Stocks continued the rally triggered by last Friday's jobs report into this week . The market flattened out Wednesday which was then followed by a gap up Thursday. The tragic news concerning Nice, France was followed by some profit taking Friday, filling the open gap produced Thursday.
With stocks up, bonds were down giving the F-fund the only negative return for the TSP funds. The I-fund led with more than a 3% gain for the week.
Stocks were up sharply again on Thursday with large cap stocks leading the way. The Dow gained 134-point on the day while small caps saw more modest gains. The Bank of England did not cut interest rates saying they will delay it until August, and the market seemed to be good with that as investors opted for stocks over the low yields we're seeing around the world.