TommyIV's TSP Talk Blog

Technical support failed stocks this week as pressure from rising interest rates, global trade disputes, and troubles in the tech sectors kept cash in trader's pockets for the week. Large cap indices fell short of 6% for the week but volume was noticeably lower than the sell off in early February so it wasn't so much investors were selling but they were not buying.

There is a lot of uncertainty in the global markets as tariff talks continue to be a dynamic subject that doesn't seem to be coming to an obvious conclusion.

The Fed raised interest rates this week as expected but did not give any more definitive clues to how many more to expect this year.

This week was rough for stocks but it has opened up buying opportunities next week if the headlines don't continue to scare away investors.

All the TSP stocks funds were down more than 3% with the C-fund lagging with a loss of 5.93%. The F-fund was up just 0.03% but lagged the G-fund's 0.06% gain for the week.




Here are the weekly, monthly, and annual TSP fund returns for the week ending March 23rd:




The SPY (S&P 500 / C-fund) fell below a rising trend line at the beginning of the week and traded close to its 50-day EMA for a few days. The majority of the losses came Thursday and Friday pushing the index down just off its 200-day EMA. It did not yet reach to lowest closing price of February but that is just below the 200-day EMA price. The C-fund was down 5.93% for the week.




The Wilshire 4500 Completion Index (S-fund) traded better than large caps but still sold-off Thursday and Friday to wipe out the gains of March. The S-fund was down 4.67% for the week.




$IEE (EAFE Index / I-fund) fell from its 20 and 50-day EMA down to the 200-day at the end of the week. An open gap from early March was filled but two more gaps were opened. The I-fund was down 3.45% for the week.




AGG (Bonds / F-fund) had more pressure from falling resistance but the F-fund traded just above flat for the week as the sell-off in stocks made bonds more attractive. The resistance still kept the index from further progress. The F-fund was up 0.03% 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
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