View RSS Feed

TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap-up

Rate this Entry



Happy Independence Day, everyone!


The TSP stock funds had a negative day on Monday with all of them posting >2% losses triggered by troubles in Greece when withdrawal limits were put on Greek bank accounts . Stocks opened higher Tuesday but closed off the highs as investors sold into the close, but rallied on Wednesday after a potential deal between Greece and the IMF satisfied this headline driven market. Stocks were directionless on Thursday but we saw a slight loss for the S-fund and the C-fund.

Sunday's referendum results should be a catalyst for Monday's action. The June jobs report was a good news bad news situation. The bad new is, the results were not that impressive. The good news is the Fed sees those numbers too and may be more reluctant to raise rates in September, or even December.




Here are the weekly, monthly, and annual TSP fund returns for the week ending July 2nd:




The SPY (S&P 500 / C-fund) had a sharp decline Monday and fell through rising support and out of it's trading channel. The SPY poked back above the support line at times Wednesday and Thursday but fell back through which may be a sign that this support may turn into resistance. It is also worth noting that the 20-day EMA is beginning to fall below the 50-day EMA which is a warning sign in a bull market. The C-find declined 1.14% this week.




The Dow Completion Index (S-fund) had very similar action as the SPY this week but is still within its trading channel and still has ascending support below. There is an open gap above Monday's open which if filled would put the index back above its 50-day EMA. The S-fund had a 1.81% loss this week.




The EFA (EAFE Index / I-fund) had a >3% loss on Monday leaving an open gap above and also closed below its 200-day EMA. The EFA closed below the 200-day EMA for a second day in a row but was back above it for Wednesday and Thursday. The I-fund was down 2.21% this week.





Investors took their money out of stocks and were more willing to dip into bonds on Monday. The AGG (Bonds / F-fund) found resistance Tuesday and momentum turned around with a slight loss which continued onto Wednesday. With a modest gain Thursday, the F-fund led the TSP funds with a 0.42% gain 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.

Submit "TSP Talk Weekly Wrap-up" to Digg Submit "TSP Talk Weekly Wrap-up" to del.icio.us Submit "TSP Talk Weekly Wrap-up" to StumbleUpon Submit "TSP Talk Weekly Wrap-up" to Google

Comments


S&P500 (C Fund) (delayed)

(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)

(Stockcharts.com Real-time)
EFA (I Fund) (delayed)

(Stockcharts.com Real-time)
BND (F Fund) (delayed)

(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes