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Just a quick holiday shortened Weekly Wrap Up.

Stocks had a nice week - a pre-holiday week, and while we saw some decent technical breakouts, the post-holiday action will be the important part since post holiday action can have a tendency to reverse the pre-holiday action. The week following Memorial day weekend does have a decent positive bias (except for Tuesday), so that may help the bulls.


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TSP Talk Sentiment Survey results for the week of 05/26/14- 5/30/14

The TSP Talk Sentiment Survey came in at 47% bulls, 35% bears.

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Stocks rallied yesterday and the Dow's 10-point gain didn't represent the strength we saw in the broader indices. The small caps had a nice day, as did the I-fund, while bonds slipped a bit.

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Stocks rallied sharply on Wednesday and the Dow erased Tuesday's 137-point decline with a 159-point (+0.97%) gain. The broader indices lagged but still did well with the S&P gaining 0.84%, and small caps adding 0.6% (Russell was up 0.52%.) Bonds were down.

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Stocks opened lower yesterday, and the bears kept the pressure on all day while the bulls did little to resist. The Dow ended the day down 138-points, the S&P 500 was down 0.63%, small caps of the Russell 2000 lagged again down 1.48%, and the I-fund lost a modest 0.21%.

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