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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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The last week of the year skimmed off some of this year's gains in stocks. We saw a trend this short week of stocks having a decent open followed by a decline into the close. Volume was low and the recent action has lost its momentum so the typical post-Christmas buying environment was not found. The last few Januaries have not been good for stocks and everyone knows it; traders may pull out to start the year to see how the market is going to react to the new year with a new president with the inauguration just weeks away.

Bonds were up for the week and look to be a promising destination for those who think they may be oversold at this point. We also saw gains in the I-fund this week.

Here are the weekly, monthly, and annual TSP fund returns for the week ending December 30th:

The S-fund came out on top in 2016 for the TSP funds with a 16.35% gain for the year followed by the C-fund with a 12% gain. All the funds had gains for 2016.

The SPY (S&P 500 / C-fund) continued to stay out of the rising trading channel formed in the weeks prior. The next move depends on how traders feel about the new year. Fourth quarter earnings reports and reaction of the public once Trump is officially in office will catalyze the direction 2017. The C-fund was down 1.07% for the week and ended 2016 with a 12% gain.

The Dow Completion Index (S-fund) was also down this week but is moving more sideways than down from its peak contrary to the C-fund. This does look like a bull flag formation which usually break though the upside. The S-fund fell 0.91% for the week and ended 2016 up 16.35%.

EFA (EAFE Index / I-fund) was up this week and has had some short term overhead resistance the past couple weeks. It did open above it Friday but ended the day about right on the resistance line. The I-fund was up 0.62% for the week and ended 2016 with a 2.10% gain

AGG (Bonds / F-fund) led the TSP funds this week as it broke above declining resistance and continued upward from there. The F-fund was up 0.67% for the week and 2.91% for the year.

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)