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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Stocks opened higher to start the week last Tuesday but sold off intra-day falling into negative territory. The uncharacteristic day alarmed investors who fear the day the relentless bull market we've become so use to ends. However, it was not that day. Stocks rallied Wednesday to erase Tuesday's losses resuming the usual momentum of this market. The action was mixed for the rest of the week but with the potential for a government shutdown and a couple of bad earnings reports on Friday it seemed like a good day for traders to lock in some gains. Instead, nobody wanted to be left out in case a budget deal was made over the weekend and stocks were bought into the close.

A deal was not made forcing a government shutdown but that may not actual affect stocks directly. There is a lot of faith in this bull market so it has become beneficial to bet against what seem to be negative catalysts.

The TSP stock funds were all up for the week with the C-fund leading with a gain of 0.88%. The F-fund was the only TSP fund down for the week as it fell 0.43%




Here are the weekly, monthly, and annual TSP fund returns for the week ending January 19th:




The SPY (S&P 500 / C-fund) remains in the tight rising trading channel it has been in so far in 2018. The trading channel is tight but it does have room above the current price before there is any resistance. We will now see how the drama in the government will affect the index as it is sitting at rising support. The C-fund was up 0.88% for the week.




The Wilshire 4500 Completion Index (S-fund) tested the old resistance trend line for support on Tuesday and it held. The index remained above the old trend line for the rest of the week closing near its highs for the week. The S-fund was up 0.55% for the week.




$IEE (EAFE Index / I-fund) opened up Tuesday to produce an open gap but the index pulled back the next two days to fill that gap. A new gap was produced when the index opened up. The EAFE index is still trading within the tight rising trading channel that started late 2017. The I-fund was up 0.68%.




AGG (Bonds / F-fund) fell below its 200-day EMA Thursday after opening down to produce an open gap. Rather than turning around to fill that open gap, bonds fell lower below before running into a falling support line. The F-fund was down 0.43% 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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S&P 500 (C Fund)
S&P 500 INDEX,RTH (^GSPC)
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)
Source: https://finance.google.com/finance