TommyIV's TSP Talk Blog

Stocks were down this week after bad earnings reports from IBM and Apple gave investors a chance to take their profits from the prior week's rally. This "sell the news" action is typical for earnings season in July and even big earnings from Amazon couldn't turn things around. More earnings reports will be coming in next week and with the market a bit oversold, traders may be ready to throw money at any solid reports, so a change in momentum is very possible.

All the TSP stock funds were down for the week. The F-fund led with modest gains.




Here are the weekly, monthly, and annual TSP fund returns for the week ending July 24th:




The SPY (S&P 500 / C-fund) broke past the May and June highs intraday Monday but was back below by the close. The rest of the week was downhill and by Friday's close the SPY was below its 50-day EMA and had filled an open gap from last Monday's open. This would be a good spot to see a turnaround for SPY or else we may see a test of the 200-day EMA if there is no change in direction. The C-fund was down 2.18% for the week.




The Dow Completion Index (S-fund) had the worst week of the TSP funds. It continued to decline after falling below its 50-day EMA and filling last Monday's gap. On Friday the Dow Completion Index was close to testing the 200-day EMA but closed above it. The S-fund was down 2.52% for the week.




EFA (EAFE Index / I-fund) filled the small open gap at 64.40 Friday and continued to decline until it closed on top of its 200-day EMA and an open gap. The 200-day EMA may act as support but that big gap would may really want to be filled. There is another gap above around 65 and above that gap there is declining resistance. The I-fund was down 1.5% this week but was the better of the TSP U.S. stock funds.




With stocks down investors were putting their money in bonds and AGG (Bonds / F-fund) is now back above its 50-day EMA and even broke through and closed above some key resistance. Whether or not bonds can stay above this resistance will depend on market reactions to next weeks earnings reports. The F-fund led the TSP funds this week up 0.29%.




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.