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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Stocks came out of the holiday weekend with some strength but the rest of the week was inconsistent with no clear trend. A few day to day factors were driving this rollercoaster of a week; some of which only affected large caps so naturally we saw the S-fund outperform this week by more than 1%. Hitting the headlines were the poor earnings report from Goldman Sachs, the more than 7% loss in oil for the week, the close upcoming election in France, and President Trump claiming he has big news concerning his tax policy next week.

This sort of headline driven market is better for day traders who can more easily flow with volatility. For those of us with a TSP account who are limited to a couple of moves a month, it is harder to navigate and predict the market's next move. When neither the bulls nor bears have complete control we are all forced to be on our toes and those who stay informed maximize their return.

As I said above the S-fund outperformed this week with a 2.07% gain with the C-fund behind with a 0.87% gain. The F-fund was nearly flat for the week.

Here are the weekly, monthly, and annual TSP fund returns for the week ending April 21st:

The SPY (S&P 500 / C-fund) turned around after the holiday weekend and was able to get back above its 50-day EMA on Monday. It did find overhead resistance Thursday which marked the intraday high. The index closed about par with its 20-day EMA Friday giving the C-fund a 0.87% gain for the week.

The Dow Completion Index (S-fund) drove its way through it 50-day EMA and falling overhead resistance after lagging the week before. The index got the comfort of not being included in the negative headlines dealing with Goldman Sachs and Oil like large caps. The Dow Completion Index closed above that resistance Friday and ended the week with a gain of 2.07%.

EFA (EAFE Index / I-fund) initially made its way back within the trading channel this year but gapped back down below the support line Tuesday. The support line then acted as resistance Thursday and Friday keeping the I-fund to just a 0.11% gain.

AGG (Bonds / F-fund) did make a good break out of resistance Tuesday marking a new high for the week. The gains were short lived as bond gave them up ending with just a 0.01% gain for the week and falling back below the resistance trend line.

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)