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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Large caps produced large gains Wednesday following Trump's speech and his session with congress Tuesday. Many market analysis predicted a 'sell the news' reaction to Trump's speech but alternatively market players liked what he had to say. Traders took their profits Thursday taking the indices off their highs for the week and with slight gains on Friday the S&P ended the week with a 0.7% gain.

Janet Yellen made comments that indicate a rate hike is coming soon. The jobs report is coming out this upcoming Friday.

The F-fund took a 0.84% loss this week. It was the only TSP fund in negative territory.

Here are the weekly, monthly, and annual TSP fund returns for the week ending March 3rd:

The SPY (S&P 500 / C-fund) broke above rising resistance intraday during Wednesday's rally but closed about even with the trend line. The index fell from there partially filling the open gap left behind from the rally. The C-fund led the TSP funds this week with a 0.71% gain.

The Dow Completion Index (S-fund) produced gains Wednesday but not to the extent that large caps did. The index fell until it found support on Friday to keep the S-fund with a slight gain of 0.07%.

EFA (EAFE Index / I-fund) also produced gains Wednesday but was stopped by resistance before falling below rising resistance. The I-fund was up 0.47% for the week.

AGG's (Bonds / F-fund) 200-day EMA acted as support Tuesday but after money moved to stocks, bonds gapped down to its price it was at in mid-February. The index finished the week by falling below support leaving the index in a vulnerable position. The F-fund lagged the TSP funds with a loss of 0.84%.

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
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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)