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Here's a quick holiday abbreviated market commentary since the TSP is closed today and we can't make transactions even if we wanted to...

After a slightly negative open on Friday, stocks rallied most of the day and the indices closed near their highs. The Dow gained 11-points.
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No signal was generated from either the Top 50 or the Total Tracker (Auto-Tracker) for the coming trading week. Last week, our sentiment survey was very bearish with 29% bulls and 66% bears . I showed you some statistical data on bearish levels being over 60% and that data was quite positive for the market. And that’s largely how the market played out as the C fund posted a 0.81% gain and the I fund was up 0.64%. The S fund, which I typically track with this data, was down very marginally with a ...

There was no budget or debt deal made in Washington last week, but that didn't stop the market from reacting to the rumors. For those who like volatility, it was a week of big swings. Stocks were down sharply on Monday and Tuesday, stabilized on Wednesday with a positive reversal day, then they soared on Thursday and followed through on Friday. Thursday 323-point gain in the Dow was the largest one-day gain of the year.

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Per www.tsp.gov:

Some financial markets will be closed on Monday, October 14th in observance of the Columbus Day holiday. The Thrift Savings Plan will also be closed. Transactions that would have been processed Monday night (October 14th) will be processed Tuesday night (October 15th), at Tuesday's closing share prices.

Stocks skyrocketed yesterday on the rumor of a temporary deal to delay the debt ceiling deadline. The buying was broad with almost every major U.S. index gaining over 2% on the day. The Dow gained 323-points.
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