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TSP Talk Weekly Wrap Up

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Stocks started weaker this week but were able to stay in a narrow trading channel for the first few days. Come Thursday and Friday, stocks produced back to back positive days in a row to give both the C and S-fund gains above 0.8% for the week. It seems remarks about upcoming changes in tax policies from Donald Trump catalyzed the buying. Traders have been waiting for the new market environment anticipated by the new Trump administration so a change in taxes for businesses could spark legitimate growth in the economy in the trader's eyes. Until something better comes along, Trump should be a primary catalyst for the market in the next coming weeks.

The F-fund produced some gains for the week but came down as traders moved their money to stocks Thursday and Friday. The I-fund lagged as it was just under flat for the week.




Here are the weekly, monthly, and annual TSP fund returns for the week ending February 10th:




The SPY (S&P 500 / C-fund) remained above the resistance line it broke above the week before and even broke out of another trend line on Friday. A sign of strength in this index would be if last week's resistance can hold as support. If nothing new invites more buyers, it is likely we will see it test the old resistance next week. The C-fund was up 0.88% for the week.




The Dow Completion Index (S-fund) has remained within a trading channel though did poke above the resistance intraday on Friday before closing at the resistance line. Though the last two days brought in some gains, nothing sturdy is supporting this index to continue past the support. The S-fund led the TSP funds this week with a 0.89% gain.




EFA (EAFE Index / I-fund) fell early this week producing an open gap. The index followed through by hugging close to a rising support line and by Friday the gap was closed and the early losses were wiped out. The I-fund ended the week with just a 0.02% loss.




AGG (Bonds / F-fund) was the hot fund of the week before running into some solid resistance from January's high as well as its 200-day EMA. This gave traders an opportunity to move out of bonds and into stocks in time for the promises of upcoming tax policy changes by Trump. The F-fund was up 0.45% 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)

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DWCPF (S Fund) (delayed)

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EFA (I Fund) (delayed)

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BND (F Fund) (delayed)

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