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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Background political issues kept the headlines busy this week but investors are getting use to this. Traders struggled on whether to buy or sell with no real catalyst and we saw low volatility for most of the week. Finally the market made its big move (mostly likely initiated by computer programs) for the week with a sharp fall early Thursday. However, a lot of those losses were erased by the close and it opened up some opportunity for money to start moving more aggressively. Traders had enough excitement for the week and the indices moved fairly little Friday.

In the end the all the TSP stock funds were down with the worst loss coming from the S-fund with a 0.99% loss. Not terrible. The F-fund attracted some buyers leaving stocks and had a gain of 0.21% to lead the TSP funds.

Here are the weekly, monthly, and annual TSP fund returns for the week ending May 12th:

The SPY (S&P 500 / C-fund) was able to stay above the late February highs but was back below after Thursday's early sell-off. The 20-day EMA halted the early sell-off Thursday befor the open gap below could get filled. The 20-day EMA is not always the best support but the 50-day EMA is just below for extra support. The C-fund was down 0.26% for the week.

The Dow Completion Index (S-fund) has been in a short-term down trend since the end of last month and continued that trend this week. The 50-day EMA did mark the low of the week so it could be the support this index needs to get out of its rut. The S-fund was down 0.99% this week to lag the TSP funds.

EFA (EAFE Index / I-fund) erased the previous Friday's gains on Monday and moved little from there for the rest of the week. The index was below is old resistance Thursday but closed back above it on Friday. The open gap of mid-April is still in traders face and there is not much support between the current price the 50-day EMA which is inside the open gap now. The I-fund was down 0.37% for the rest of the week.

AGG (Bonds / F-fund) did not have great action for most of the week but the gapped up decently on Friday. The 50-day EMA acted as the low of the week and the highs of January and February marked the high of the week. Those are possible short-term trend lines but they are on the minds of traders. The F-fund led the TSP funds this week with a gain of 0.21% gain.

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)