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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Stocks started slow this week with no movement Monday following the worst of Hurricane Harvey over the weekend. By early Tuesday North Korea's missile launch sent stocks reeling but hen we got a major reversal higher and from there stocks produced gains over the next four days. Stocks rallied Wednesday after President Trump made his first official speech on tax reform. Low trading volume, and a lack of bears helped to keep indices moving higher for the rest of the week. The buying momentum slowed down after the jobs report came out Friday as we headed into the long weekend. 156,000 jobs were added in August and unemployment went up to 4.4%. This was off from the 184,000 jobs expected.

The S-fund led the TSP funds this week with a gain of 2.35%. All the other TSP funds also produced varying degrees of gains for the week.

This coming Monday the TSP funds will be closed and as mentioned in the daily commentary, the post Labor Day action has been historically slightly weaker then the pre-holiday action.

Here are the weekly, monthly, and annual TSP fund returns for the week ending September 1st:

Here are the monthly TSP fund returns for August:

The F-fund led the TSP funds in August with a gain of 0.91%. The S-fund lagged with a loss of 0.41%. The C-fund produced its 9th positive monthly return in a row.

The SPY (S&P 500 / C-fund) found rising support on Tuesday and produced gains from there until reaching the opening high of late July. The 50-day EMA did not seem to affect the price this week and did not act as resistance. The C-fund was up 1.43% for the week.

The Dow Completion Index (S-fund) broke past falling resistance and conituned up from there. The index produced an open gap Thursday morning while closing a gap from early August intraday Thursday. The Dow Completion Index was able to close just off the high of the week. The S-fund led the TSP funds this week with a gain of 2.35%

EFA (EAFE Index / I-fund) continues to dance around above the 50-day EMA. The index also produced an open gap at Thursday's open and continued to produce more gains Friday. This pushed the I-fund up 0.57% for the week.

AGG (Bonds / F-fund) stayed within the rising trading channel this week but closed at the rising support line. Bonds came closed off the highs of the week to produce just 0.07% for the week. The 20-day EMA is just below to test as support if the trading channel doesn't hold. Bonds could be a safe spot for traders if the negative action predicted in stocks comes next 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)