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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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The market fell into negative territory early this week as traders sold early in front of the inauguration. A 'sell the news' reaction was the talk of the town for traders who are anticipating a catalyst to give the market direction again. Stocks gapped up at Friday's open before the inauguration but lost most the gains as the day continued bringing the S&P 500 to just a modest loss for the week.

More earnings reports will be coming out next week and we may also see more reactions by stocks to the new president, especially if protests continue.

The TSP funds had negative returns across the board with the S-fund taking the greatest heat with a 0.82% loss.




Here are the weekly, monthly, and annual TSP fund returns for the week ending January 20th:




The SPY (S&P 500 / C-fund) remains within its trading channel but hugged close to the support line this week moving more sideways than in the slightly rising direction of the channel. The index may also have found support from the dips of December. The C-fund was down 0.13% for the week.




The Dow Completion Index (S-fund) ended last week near the resistance line of its trading channel and fell halfway down the channel since. The S-fund lagged the TSP funds this week with a loss of 0.82%.




EFA (EAFE Index / I-fund) was on its way to maybe a 1% loss this week but acutually produced some gains Friday after hitting support Thursday. The index may test overhead resistance again next week but failed to break above it last Friday. The I-fund was down 0.47% for the week.




Despite stocks being down, AGG (Bonds / F-fund) had two down days mid-week to end the recent rising momentum. The index fell below support Friday but closed on the line. The F-fund was down 0.34% 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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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