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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Stocks showed little direction this week with the exception of a rally on Tuesday sparked by Paul Ryan's comments on tax cuts; a subject that will continue to grab the attention of investors. Stocks pulled back the very next day and neither the bulls or bears were able to take control. Janet Yellen's anticipated speech in Jackson Hole was a bit of a disappointment on Friday. Nothing significant was said so traders and algorithms alike were not sure how to react.

In all it has been low volume trading while everyone is finishing their summer vacations. Tuesday's rally was the sole contributor to the gains this week which for small caps turned out to be jut under 1.5% to lead the TSP funds. The C and I-fund were both above 0.5% in gains for the week and the F-fund also had a slight gain.

Hurricane Harvey may have triggered some selling late on Friday and may affect how next week starts depending on the outcome and how much the market priced in the effects.

Here are the weekly, monthly, and annual TSP fund returns for the week ending August 25th:

The SPY (S&P 500 / C-fund) produced an open gap at Tuesday's open but from there traded mostly between the 20 and 50-day EMA. There is room above for some growth in this index but the open gap will give traders a reason to wait before buying. The C-fund was up 0.75% for the week.

The Dow Completion Index (S-fund) led the TSP funds this week but did find resistance in its 20-day EMA to prevent any further upside action. This index also produced an open gap at Tuesday's open but we do see a trend line that could act as support but the support line failed last week. The 50-day EMA is right above the 20-day EMA for additional resistance. The S-fund was up 1.35% for the week.

EFA (EAFE Index / I-fund) climbed slowly this week but turned around Friday after reaching the highs of last week which marked the highs of this week. The 50-day EMA below has been reliable support so the worst ahead is probably another test of the trend line. The I-fund was up 0.61% for the week.

AGG's (Bonds / F-fund) danced around the rising resistance trend line this week but there was little movement just as in stocks. For the week the F-fund produced just 0.16% as it was traded tight. Support is just below to give traders some faith in bonds if needed.

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)