TommyIV's TSP Talk Blog

Stocks were up this week despite initial losses on Monday that were a continuation of the previous week's sell-off. The gains on the week came from Tuesday's and Wednesday's rally. The Fed released their policy statement intraday Wednesday but there wasn't the drastic reaction from traders that we sometimes see. The last trading days of the week were a fight to hold onto those gains but some profit taking from traders mid-day Friday resulted in a weak close.

All of the TSP funds saw gains this week with the S-fund leading the way.




Here are the weekly, monthly, and annual TSP fund returns for the week ending July 31st:



The C-fund and I-fund produced solid gains for the month of July but both were off their highs. The F-fund had one of its better months with 0.74% gain in July. The S-fund lagged and ended with a slight loss in July.


After a slow start on Monday, the SPY (S&P 500 / C-fund) was able to break back above its 50-day EMA Tuesday and continued its climb on Wednesday. The SPY lost its momentum at the end of the week and was unable to take on any more. The C-fund was up 1.19% for the week.




The Dow Completion Index (S-fund) fell below its 200-day EMA Monday but turned around and rallied Tuesday and Wednesday. It came close to testing it 50-day EMA for resistance intraday Friday but retreated back closing nearly flat. The S-fund was up 1.37% for the week.




Despite not being a part of the I-fund, the sell-of in China Monday was a catalyst for the EFA (EAFE Index / I-fund) dropping below its 200-day EMA and into an open gap below, partially filling it. EFA was back above the open gap and 200-day EMA Tuesday and found resistance from the 50-day EMA Wednesday after an increase in the dollar. EFA gapped up Friday after a drop in the dollar, partially filling an open gap above while creating a new one right underneath. The I-fund had a 1.03% gain this week.




AGG (Bonds / F-fund) was hugging the declining resistance line most of this week, but a couple of economic reports early Friday had some unexpected results resulting in a drop in the dollar and an increase in bonds to a price we haven't seen since late May. The F-fund was up 0.33% 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
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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.