Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
iPhone Forum App | Android Forum App |
Forum Runner App |
TapaTalk Forum App
Mobile Styles for MB | TSP Talk Toolbar
* - Politics Forum Thread (How to Gain Access)
$ - Premium Service Content (Info)
Find us on: Facebook & Twitter | Forum Apps | Stop Loss Calculator | Posting Copyrighted Material
Stocks chopped around quite a bit on Wednesday as the bulls and bears sparred, but eventually the bulls won the battle and the Dow ended the day with a gain of 67-points. We are seeing signs of a possibly extended market in the short-term, but there also seem to be many folks who find themselves underinvested, and as they put money to work it has kept the indices buoyant.
Stocks moved higher on Tuesday morning and held those gains for most of the day until some late afternoon selling took the steam out of the rally. The Dow ended the day at 17,938, up 18-points, but down from the 83-point gain earlier which briefly had it back above the 18,000 level.
Friday's positive reversal day followed-through on Monday and the Dow gained 113-points, and the S&P made a new intraday 2016 high, closing at its highest level of the year. This is coming on the heals of a weak jobs report on Friday that initially had investors running for cover.
Stocks dropped sharply after the announcement of the Jobs report on Friday, which showed that 38,000 jobs were added in May. That was over 100,000 fewer than expected, while the unemployment rate fell to 4.7%. The Dow opened lower and was down nearly 150-points in the first hour of trading, but like the prior days last week, dip buyers showed up and we saw the indices close well off their lows, although still in negative territory as the Dow gave up 31.50. All three TSP stock funds ended with
Stocks were up for the week but the levels of success for the stock funds was mixed. The S&P 500 (C-fund) was nearly flat while small caps (S-fund) were up more than 1%. A difference strength was also demonstrated by the two indices reactions to resistance lines; SPY (C-fund) was held up by its overhead resistance while the Dow Completion Index (S-fund) broke above its overhead resistance to produce new highs on the year. Bonds (F-fund) were also up to produce a decent gain after its index AGG gapped