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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Stocks saw gains across the major indices this week with the help of Janet Yellen's dovish comments nearly ensuring no more rate hikes until the end of the year or later. Those gains were produced Wednesday after the bears put on some pressure the day before with the help of some political drama. However, Yellen's testimony blew away the bears' arsenal and the beginning of earnings season Friday was the perfect bait for new buyers.

The week ended with the C and S-fund both with more than 1% gains. The I-fund led the TSP funds with a 2.37% gain for the week. The F-fund gained just under 0.50% for the week.

Here are the weekly, monthly, and annual TSP fund returns for the week ending July 14th:

The SPY (S&P 500 / C-fund) hit new highs Friday that nearly matched rising resistance. An open gap was created at Wednesday's open as well. Both factors support an argument of a possible profit taking pull back next week. However it is still uncertain how much of an affect Yellen's comments had on stocks. The C-fund was up 1.42% for the week.

The Dow Completion Index (S-fund) week was similar to large caps as it too is face trend line resistance and an open gap below after a couple days of positive action. It is worthy to note how well the 50-day EMA and rising support acted as support Tuesday when the heat was on for the bulls. This is also true in the SPY. The S-fund ended the week with a gain of 1.22%.

EFA (EAFE Index / I-fund) also opened up Wednesday to produce an open gap but the difference here from large and small caps was the index broke above overhead resistance and closed above it two days in a row. Could this be a foresight for what we will see in the C and S-fund? It is as always uncertain especially since we are now use to the EFA's dominating action this year. The I-fund led the TSP funds with a gain of 2.37% for the week.

AGG (Bonds / F-fund) successfully moved back above its 50-day EMA Wednesday as it too opened up producing an open gap. The open gap was nearly closed Thursday but it was not completely. Bonds opened higher Friday almost testing overhead resistance but closed not too far off the lows of the day. The F-fund was up 0.46% for the day.

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)