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TSP Talk Weekly Wrap Up

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Stocks ended the week with gains but the highs of the week were seen on Monday. From there the gains slipped and the action became choppy and the weekly returns hovered between positive and negative territory. It came down to Friday's close whether the week would see gains and a late rally set it in stone.

There seems to be a lot of action in individual stocks of the large indices that doesn't produce any kind of trend in the indices. There is one more week left in June and so far it has been a decent month for stocks but there are some warnings sign out there that may try to produce some roadblocks.

The S-fund led this week with a gain of 0.49% while the I-fund lagged with the only loss for the week.




Here are the weekly, monthly, and annual TSP fund returns for the week ending June 23rd:




The SPY (S&P 500 / C-fund) opened up a gap after opening up Monday. Overhead resistance set up the gap to be filled quickly which it was. The index also may have been saved from losses this week because of some support that is nearly even with the 20-day EMA. The C-fund produced a gain of 0.22% for the week.




The Dow Completion Index (S-fund) also opened and closed a gap but unlike large caps, small caps regained a good majority of the gains back on Friday. This came after hitting rising support Thursday. The S-fund led the week with a gain of 0.49%.




EFA (EAFE Index / I-fund) was down this week as it heads towards its 50-day EMA. The index has lost its what seemed to be relentless momentum as of late due to the recent increase in the dollar. The old support may be an attraction to traders to test as resistance. The I-fund ended the week with a slight loss of 0.17%, the only loss for the TSP funds this week.




AGG (Bonds / F-fund) were up with stocks despite traders opportunity to drop bonds and put their money in stocks until the open gap is filled. But the open gap still lingers and could be an issue later on if it is not filled next week. The chart also gives us rising resistance above if tested could ignite a sell-off to fill the open gap. The F-fund was up today with a gain of 0.18%.




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
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)
S&P 500 INDEX,RTH (^GSPC)
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)