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TSP Talk Weekly Wrap Up

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Stocks were down early this week kicking off a change in momentum in the major indices. The week continued with some weak closes and a jobs report which helped to wipe out some of the losses for the week.

The February jobs report came out with an addition of 235,000 jobs and 4.7% unemployment. This put stocks up early Friday but traders were quick to sell. Dip buyers showed mid-day to bring back some of those gains.

This week we will likely see a rate hike from the Fed and the debt ceiling deadline is coming up and traders will be watching both closely.

The I-fund led this week with a gain of 0.43%. The F, C, and S-fund all were down for the week with the S-fund lagging with a loss of 1.68%.

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

The SPY (S&P 500 / C-fund) filled an open gap produced the week before. The index then found support that brought the dip buyers in Friday to wipe out some the losses for the week. The C-fund was down 0.40% for the week.

The Dow Completion Index (S-fund) face support early this week but it did not hold the index in place. The index fell down to its 50-day EMA levels and the average line may have acted as support for the Dow Completion Index. The S-fund lagged the TSP funds for the week with a loss of 1.68%.

EFA (EAFE Index / I-fund) was on its way to join the rest of the TSP stock fund in negative territory but was able to produce a decent gap up Friday plus some to put the index in positive sterritory for the week. The gap up put the index back above support that it had fallen below a few days before. The I-fund was up 0.43% for the week.

AGG's (Bonds / F-fund) fell further below its old support line and gapped down Wednesday leaving two open gaps above the current level. There is still no sign of close support for this fund but if stocks continue their trend they've started in March, bonds may be a safe place as they are a bit oversold at the moment. The F-fund was down 0.55% 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)