TommyIV's TSP Talk Blog

The first wave of earnings reports attracted buyers this week adding about a half a percent to both large and small caps. The gains were primarily produced Wednesday following comments from Paul Ryan in regards to how congress will go about tax reform. Stocks pulled back Friday after a couple poor earnings reports. Some of the early losses were regained intraday.

We will see more earnings reports coming in next week and conditions are still favorable for the bulls.

Other than the G-fund, all the TSP funds gained around 0.5% for the week. The S-fund led with a gain 0.57% with the C-fund just behind with a gain of 0.56%.




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




The SPY (S&P 500 / C-fund) broke above rising resistance Wednesday and stayed above until opening back below on Friday before closing right on the line for the week. There is still an open gap not far below. We could see that gap closed before attempting to break above the rising resistance again. That would at least be a healthy move for the market. The question is whether or not there are any buyers left. The C-fund was up 0.56% for the week.




The Dow Completion Index (S-fund) continued to push further above resistance broken last week. The index then broke above more resistance but closed for the week right on the price of the trend line. It too has an open gap below in the trading channel it has momentarily left. The S-fund led the TSP funds this week with a gain of 0.57%.




EFA (EAFE Index / I-fund) kept pushing further until finding the old support of an old trading channel act as resistance and took some of the gains away from the index. This was excepted though as the index also has an open gap to fill below. The I-fund was up 0.47% for the week.




AGG (Bonds / F-fund) was up again and is now just below June's highs. The issue is again open gaps. This just lessens the likelihood of seeing bonds surpass the June highs with gaps open but it is still possible. The F-fund was up 0.55% 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
www.tsptalk.com
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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.