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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Stocks were mixed this week as we saw gains in large caps (C-fund) while small caps (S-fund) fell slightly. The Dow Jones Industrial Average was up again Friday thanks to late buying in the last hour of trading to give the index its 11th consecutive day of gains. Utility stocks kept the S&P 500 in positive territory this week while financial stocks were underperforming as government bond yields dropped.

Talks of potential policies from the Trump administration, including tax cuts, has given traders the comfort to keep buying. Donald Trump is scheduled to address Congress Tuesday which will no doubt be a catalyst of some sort.

With bond yields down, bonds were up giving the F-fund a gain of 0.63% for the week. The I-fund lagged the TSP funds this week with a loss of 0.13%.

Here are the weekly, monthly, and annual TSP fund returns for the week ending February 17th:

The SPY (S&P 500 / C-fund) had some quick gains Tuesday but ran into a trend line that slowed those gains down for the remainder of the week. The index has rising support below but still has space for more upside before running into the trend line again. The C-fund led the TSP funds with a gain of 0.73% for the week.

The Dow Completion Index (S-fund) fell back within its trading channel early Friday but was able to close above the resistance line. We can see the dashed line below as the possible support keeping the index from falling deeper into the trading channel. The S-fund was down for the week with loss of 0.11%.

EFA (EAFE Index / I-fund) ran into resistance from its rising trading channel on Thursday which was followed by a gap down to the support line at Friday's open. The index recovered some of the losses intraday but an open gap remains above the current price. The I-fund lagged the TSP funds with week with a 0.13% loss.

With yields down, AGG (Bonds / F-fund) was up this week with a gap up at Friday's open. This gap up put the bonds above the February highs as well as above the 200-day EMA. An open gap remains but we may see support from the February highs. The F-fund was up 0.63% 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
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)