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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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An increase in the Fed Funds rate from the Federal Reserve provided volatility this week allowing traders to make some moves as we enter the last two weeks of the year. Stocks sold off Wednesday after the expected rise in interest rates from the Fed, but most of those losses were were reclaimed early Thursday. However, as the week carried out stocks made their way below the previous Friday's close to end the week in negative territory.

It is possible the five-week rally has topped off, but seasonality is still on the bull's side. This may be an opportunity for those who have been in the market recently to lock in some gains.

All the TSP funds, other than the G-fund, ended the week in the negative with the largest loss coming from The S-fund which was down 1.37%. The C-fund was just under no return with a 0.03% loss for the week. The F-fund sold-off with stocks continuing its recent dive.

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

The SPY (S&P 500 / C-fund) found resistance Tuesday to cap a top on the week. This allowed the index to fill in space within its trading channel and therefore creating room for more upside action. There is support just below the current price but traders may think the index is overbought and we may start to see more money put back in pockets to lock in gains. The C-fund was nearly flat this week with just a 0.03% loss.

The Dow Completion Index (S-fund) fell below rising support this week with the increase in interest rates but alternative support may have kept losses to a minimum. The S-fund lagged the TSP funds for the week with a loss of 1.37%.

EFA (EAFE Index / I-fund) made a gap up higher Tuesday but the index filled the open gap produced with a sell-off on Wednesday. There are two open gaps still below the current price. The I-fund was down 0.55% for the week.

AGG (Bonds / F-fund) sold off with stocks on Wednesday's rate hike from the Fed. The momentum put bonds at the bottom of the falling trading channel they've been following for the past month by the end of Friday. The F-fund was down 0.6% for the week but still remain in positive territory for 2016.

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
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&P 500 (C Fund)
DWCPF (S Fund)
Dow Jones U.S. Completion Total Stock Market Index (^DWCPF)
EFA (I Fund)
iShares MSCI EAFE Index (EFA)
AGG (F Fund)
iShares Lehman Aggregate Bond (AGG)