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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Pressure was put on stocks the first half of the week with a string of weak opens but dip buyers and a rally Thursday kept the damage to a minimum. Dip buyers were there at every opportunity cushioning the bears attempt to turn this market around. The market rallied Thursday after good earnings reports and a tax bill passed by the House of Representatives that cut corporate taxes. The rally pressed stocks into positive territory for the week but some of the gains were sold off Friday to drop large caps just below the previous Friday's close. Small caps were most affected by the passing of the tax bill and outperformed large caps for the week.

Thanksgiving week brings positive seasonality with it as the big market movers, including powerful bears, take a vacation.

The S-fund was just short of a 1% gain for the week to outperform the TSP funds. The F-fund was second best with a gain of 0.25%. The I-fund lagged dropping 0.58% for the week.




Here are the weekly, monthly, and annual TSP fund returns for the week ending November 17th:




The SPY (S&P 500 / C-fund) found support Wednesday and the dip buyers were there waiting to push the index off its lows for the week. The rally Thursday pushed the index back above its 20-day EMA for the week but some losses Friday slipped the SPY back into negative territory for the week. The C-fund was down 0.06% for the week.




The Dow Completion Index (S-fund) was down for the first half of the week and fell below its 50-day EMA Wednesday. The House tax bill passed had a greater effect on small caps so Thursday's rally continued on into Friday to put the index just off its highs. The S-fund ended the week up 0.98%




The EAFE Index (I-fund) gapped down to start the week and continued to drop to fill an open gap from early October. The index fell below its 50-day EMA that has held as support for months but that only lasted a day. The index gapped up Friday to get above the 50-day EMA and producing the second open gap of the week. The index closed within the open gap from Monday's weak open but did not close the gap. The I-fund was down 0.58% for the week.




AGG (Bonds / F-fund) closed the open gap from last week Wednesday as traders retreated stocks. This put the index back above a trend line and then closed above the 50-day EMA for the week. The F-fund was up 0.25% 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.


Thomas A Crowley
www.tsptalk.com
Weekly Wrap-Ups Archive
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The legal stuff: This information is for educational purposes only! This is not advice or a recommendation. 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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