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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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The first two days of the four day trading week had the typical action of early selling followed by dip buyers as we've been use to lately. Dip buyers took an early Easter vacation and didn't show up Wednesday or Thursday stringing two days of enough losses to give both the C and S-fund more than a 1% loss for the week. It seems geopolitical news and attitudes of public officials on the state of the economy are getting to investors and now they want some positive news before putting more money to work.

Earnings season is on the horizon which will set the tone as we approach the summer months.

The F-fund led this week with again 0.78%. The I-fund broke about even with just a 0.05% gain.

Here are the weekly, monthly, and annual TSP fund returns for the week ending April 13th:

The SPY (S&P 500 / C-fund) broke below the rising support that held in March of Friday. With it was the 50-day EMA which may make it harder to recover. The support this index has left is the March lows. The C-fund fell 1.11% for the week.

The Dow Completion Index (S-fund) lagged the TSP funds this week with a 1.17% loss but unlike the S&P 500, it did not break below any significant technical support lines. Support is now more within reach so it is plausible to see this index test the March lows at least if the news continues to be draining on traders.

EFA (EAFE Index / I-fund) index held the support of the year's trading channel for most the week but fell below the support Thursday. This happened in March too and the index made its way back within the trading channel after two days below. The I-fund ended the week with a 0.05% gain.

AGG (Bonds / F-fund) continues to break all the resistance thrown at it. Below I put the last resistance left in the last three months which bonds did break above intraday Thursday but closed back below it. Is this the end of the rally in bonds? Obviously I don't know but it has been the haven for traders for the last month with the weakness in stocks. The F-fund was up 0.78% 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)