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TSP Talk Weekly Wrap Up

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The sell-off in stocks continued into Monday's open and from there we saw an extremely volatile week. The bulls fought to turn around the oversold market but couldn't hold onto to gains going into the close Monday and Tuesday. Finally we saw the relief rally Wednesday and Thursday and the bulls fought back Friday to get back early losses to finish the week off in positive territory. The fight is not over yet though. The volatility may continue next week as this disturbed market should oscillate before we see any clear direction.

The F-fund lagged this week with modest losses.




Here are the weekly, monthly, and annual TSP fund returns for the week ending August 28th:




Volume was high this week for the SPY (S&P 500 / C-fund) as panic selling and buying contributed to the volatile action. If the upside continues into next week, SPY may test its 200-day EMA and old support for resistance. After another sell-off last Monday the S&P 500 successfully took back the losses and the C-fund was up 0.95% for the week.




The Dow Completion Index (S-fund) saw similar action but lagged behind the S&P 500 with a modest gain of 0.79% for the S-fund. The fund is now surrounded by a gap above and below which suggests a greater likelihood of another volatile week ahead. Its 50-day EMA is just about to cross paths and fall under its 200-day EMA which is not usually a good sign.




EFA (EAFE Index / I-fund) also saw modest gains by the end of the week after being down early. A couple of good days for China's Shanghai eased the tension for the European markets allowing buyers to become more confident and jump in. The I-fund had a gain of 0.35% for the week.




China's Shanghai saw two positive days at the end of the week lightening up global markets. A gap was filled on Friday and another gap lies above but July's lows may act as resistance.




AGG (Bonds / F-fund) broke through rising resistance on Monday but as money was being thrown back into stocks, bonds fell and were below the support line of its trading channel Wednesday and closed below the rest of the week. The F-fund was down 0.59% this past week and was the only TSP fund that saw losses 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.

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Updated 08-29-2015 at 04:13 PM by TommyIV

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TSP Talk Weekly Wrap Ups

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