TommyIV's TSP Talk Blog

Volatility and noise was the name of the game last week as we head into next week's FOMC meeting that may or may not come away with a rate hike in the Fed Funds rate. The action was pure speculation and every minor economic data point was considered. The weaker the data, the more the market seemed to like it as it would favor a non-move by the Fed. By the end of the week we saw small gains in the indices.

With a modest gain of 0.6%, the C-fund led the TSP funds for the week. The F and I-fund had losses for the week with the I-fund lagging with a 1.64% loss.




Here are the weekly, monthly, and annual TSP fund returns for the week ending September 16th:




The SPY (S&P 500 / C-fund) was able to make it back above its 50-day EMA Monday but stayed below it the rest of the week after closing below it again on Tuesday. The open gap from the previous Friday's open still lingers above but the index must get past its 50-day EMA. The June highs are not too far below the current price so they could be tested for support if the bulls don't gain traction this next week. The C-fund had a gain of 0.6% for the week.




The Dow Completion Index (S-fund) spent the week crossing its 50-day EMA until it settle on it at Friday's close. The index has an open gap just below its lows for the week as well as the open gap from last week. The S-fund had a gain of 0.21% for the week.




EFA (EAFE Index / I-fund) fell below its 50-day EMA Monday and broke back above it Thursday. The index opened lower on Friday though and the index closed just off of its 200-day EMA. The I-fund lagged the TSP funds this week with a 1.64% loss.




AGG (Bonds / F-fund) had a slight loss for the week but came back from its lows mid-week where it filled an open gap from June. There next open gap below is also from June so investors will keep an eye on that. The F-fund closed just below the support of its old trading channel giving it a loss of 0.11% 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
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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.