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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Traders took a breather following the long Christmas weekend. For most of the short week the volume was low and the S&P 500 traded nearly flat. Stock saw some momentum into Thursday's close but that was quickly lost on Friday followed by a sell-off into Friday's close to give the index a modest loss for the last week of the year.

U.S. stocks were alone with this action as international stocks had a productive end to the year adding nearly 1% to the I-fund. Bonds were also up for the week to make up for last week's Action and produce gains for the last month of 2017. The F-fund was up 0.51%.

The year ended for the TSP funds with the I-fund outperforming with a 25.42% gain while the C-fund was not far behind with a 21.82% for the year.

Some investors are optimistic about 2018 with the idea that the one way action we saw in 2017 will continue. Others see the excitement of the tax bill already priced in and we will see a more volatile year.

Here are the weekly, monthly, and annual TSP fund returns for the week ending December 29th:

The SPY (S&P 500 / C-fund) opened below rising support this week which turned into resistance for the week. The index did sell-off into Friday's close but did not make it to its 20-day EMA to test for support. The C-fund dropped 0.33% for the year.

The Wilshire 4500 Completion Index (S-fund) traded in a narrow flat range the last couple weeks of the year. The index is within a long-term rising trading channel and the 20-day EMA is approaching the current price to be tested as support. The S-fund dropped 0.17% for the week.

$IEE (EAFE Index / I-fund) closed the open gap that set the index back last week. The index was sitting at its 20-day EMA and a rising trend line to start the week and worked up from there until the gap was closed. This gave the I-fund a gain of 0.94% for the week to outperform the other TSP funds.

AGG (Bonds / F-fund) fell below rising support last week but closed back within the trading channel on Tuesday. The index moved forward from there to move back above its 20 and 50-day EMAs and closing an open gap from last week. Bonds made up for the weak action last week to produce a 0.51% gain for the week to give it a 0.48% gain for December.

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
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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