TommyIV's TSP Talk Blog

The highly anticipated results of the healthcare vote never manifested as the republicans pulled the bill because they did not have the votes to pass it. The anticipation shook the market up early in the week but in the end stocks didn't react much to the non-vote on Friday afternoon. If anything it was positive.

Investors will now have their attention focused on the tax reform negotiations, which is really what they're interested in. That and the debt ceiling fiasco could set the tone for the market in the weeks ahead until earning start coming in in April.

The F-fund led the week with a gain of 0.6% while the TSP stock funds fell into negative territory with the S-fund lagging with a 2.3% loss.




Here are the weekly, monthly, and annual TSP fund returns for the week ending March 24th:




The SPY (S&P 500 / C-fund) fell between it 20-day EMA and rising support this week after the sell off on Tuesday. The index does have its 50-day EMA right below its current price to act as support if needed. We may see if the 20-day EMA will act as support as we go into next week but we don't always see the 20-day EMA act as a strong trend line. The C-fund was down 1.42% for the week.




The Dow Completion Index (S-fund) fell below its 50-day EMA Tuesday until finding declining support. The index then made its way back to its 50-day EMA but was unable to break above it. The S-fund was down 2.29% for the week.




EFA (EAFE Index / I-fund) closed an open gap this week after dropping Tuesday with the other TSP stock funds. The previous overhead resistance acted as support Wednesday after the index bounced off of it and produced two more days of gains to end the week and regain some of the losses from Tuesday to bring the index to nearly even for the week. The I-fund ended the week with a 0.03% loss.




Traders moved their money to AGG (Bonds / F-fund) this week as stocks were shaken up from the political drama. An open gap from the beginning of the month was filled this week but it seemed the top of the gap could have acted as resistance for the index as it could not pass the price in three days. The F-fund led the TSP funds with a 0.61% gain 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
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