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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Stocks opened up Monday after the Charlottesville incident in over the weekend distracted investors from the North Korean drama that was held responsible for the poor action the previous week. Although the early gains held for the first half of the week, drama within the White House provoked selling after the resignations of some members of Trump's business council. The selling carried throughout Thursday but relief was provided momentarily Friday after traders bought the news of the resignation of the White House Chief Strategist Steve Bannon. By mid-day the selling resumed stocks sank into the close.

The U.S. stock funds were down for the week with small caps taking most of the heat with a 0.86% loss. The F and I-fund both led the TSP funds with a slight gain of 0.08%.

Here are the weekly, monthly, and annual TSP fund returns for the week ending August 18th:

The SPY (S&P 500 / C-fund) opened a gap Monday which was filled during the sell-off on Thursday. The index fell below its 50-day EMA Thursday which in recent occasions was followed by a multi-day rally. An open gap from mid-July was filled Friday as the index also met with rising support which held. These conditions are attractive to buyers looking for opportunity. The C-fund was down 0.58% for the week.

The Dow Completion Index (S-fund) remained in the falling trading channel this week and it too closed the gap opened from Monday's open. The index did fall below some long-term support but does have the 200-day EMA just below to test. The S-fund lagged the TSP funds with a loss of 0.86% for the week.

EFA (EAFE Index / I-fund) Also produced an open gap Monday and also was able to fill it during the week. The 50-day EMA of the index held all week keeping the index pricing in close quarters for the week. The I-fund finished the week with a slight gain of 0.08%.

AGG (Bonds / F-fund) fell early in the week but came back as traders retreated stocks. This pushed bonds above rising resistance for Friday's open but where they fell back within the trading channel by close. The F-fund was up 0.08% 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
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)