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TSP Talk Weekly Wrap Up

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Buyers showed up early this week and stocks gapped up at Tuesday's open and buying continued into the close. Last week's closing price was 1921.22 which I couldn't fit on the chart below. Stocks gapped up again on Wednesday but that did not hold and the downside momentum accelerated into the close. Thursday and Friday were up to keep the week in positive territory.

The markets are still in a state of oscillation and volatility will continue until a convincing force (such as the Fed interest rate decision next week) pushes momentum in a stable direction.

All the TSP stock funds saw gains this week while the F-fund had a modest loss.




Here are the weekly, monthly, and annual TSP fund returns for the week ending September 11th:




You can see the SPY's (S&P 500 / C-fund) gap open on Wednesday landed just below overhead resistance reversing the upside momentum from Tuesday's action. Support is rising and the trading channel is getting smaller so we will see a break of either support or resistance next week depending on investors reactions to the FOMC policy. The C-fund was up 2.12% for the week.




The Dow Completion Index (S-fund) has a solid bear flag formation which it actually broke below momentarily Friday before returning to the trading channel. The S-fund was up 1.87% for the week.




EFA (EAFE Index / I-fund) managed to open back above the leftover gap from last Friday's open and resisted filling it all week. Wednesday's open established overhead resistance placing EFA in a wedged trading channel and possible bear flag. The I-fund was up 2.61% for the week.




AGG (Bonds / F-fund) had a slight loss of 0.11% for the week but did find support from the bottom of its rising trading channel Wednesday. Bonds action seems to be slowing down but if things go south for stocks next week, there's a good amount of room above in AGG's trading channel to produce a good upside.





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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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