TommyIV's TSP Talk Blog

Stocks opened lower Monday and attempted to come out even on the day but pulled up short into the close and settled for a modest loss. The rally continued onto Tuesday and by the late hours of the trading day stocks were in green territory for the week. Wednesday opened slightly higher, however nervous anticipation of the imminent FOMC policy statement devoured the early gains but quickly turned around after the statement was issued and emotional swings led to modest gains on the day. Thursday opened high and stayed high with the Nasdaq Composite reaching a new all-time new high. Investors gave some back on Friday after Thursday's action but little damage was done.

The I-fund found resistance coupled with a slight loss for the week. The F-fund was up for the week, attempting a comeback.




Here are the weekly, monthly, and annual TSP fund returns for the week ending June 19th:




The SPY (S&P 500 / C-fund) found support early Monday and turned the momentum around and held steadily through to Tuesday where it closed above it's 50-day EMA. It fell under the 50-day EMA Wednesday but after the FOMC policy statement was back above it and closed close to flat. The SPY drove through descending resistance on Thursday and was back up to around mid-May prices. There was a pulled back on Friday but the SPY stayed above resistance and now lies in the middle of its intermediate-term trading channel. The C-fund was up 0.78% for the week.




The Dow Completion Index (S-fund) broke through some key resistance on Thursday that had been holding it back since mid-May and was able to close above late April highs. The Index pulled back slightly on Friday and closed just under the April peaks. The S-fund was up 1.07% this week leading the TSP funds.




EFA (EAFE Index / I fund) was down early on Monday and stayed around that area for most the week as the Greek crisis continued to be an issue for the European markets. The EFA broke through descending resistance on Thursday and was back above it's 50-day for some time but closed back below it near resistance. EFA had minimal movement Friday and again was clinging close onto resistance with a slight loss. The I-fund was down 0.39% for the week.




The AGG (Bonds / F-fund) formed what looks to be a bear flag but refused to break down and continues to try to pull it off as a V-shaped bounce. Bonds gapped up on Friday and is now back above it's 200-day EMA which could be a good sign but the gap below may try to pull it back down. The F-fund was up 0.51% for the week.



Good luck and thanks for reading. We will be back here next week with another TSP Wrap Up. You can read our daily market commentary at the Market Comments page. If you need more help deciding what to do with your account, perhaps one of our Premium Services can help.


Tommy Crowley
www.tsptalk.com
Weekly Wrap-Ups Archive
Facebook | Twitter

The legal stuff: This information is for educational purposes only! This is not advice or are commendation. We do not give investment advice. Do not act on this data. Do not buy, sell or trade the funds mentioned herein based on this information. We may trade these funds differently than discussed above. We use additional methods and strategies to determine fund positions.