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TSP Talk Weekly Wrap Up

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Stocks kicked off the week with a couple days of days of solid gains with the positive reaction to the Netflix earnings report being a main contributor to the indices' success, particularly tech, on Tuesday. Stocks lost their steam after a few earnings reports that fell short of expectations and the week peaked intraday Wednesday before giving back most of the early gains the rest of the week. Investors were spooked late in the week by a spike bond yields and lost all the gains from Tuesday and some of Monday's as well.

Despite giving up a majority of the week's gains, all the TSP stock ended the week up with the S-fund outperforming with more than a 1% gain while the C and I-fund both gained 0.5% for the week.

Bonds prices fall as yields go up so the F-fund lost 0.62% for the week to lag the TSP funds.

Alphabet is scheduled to release earnings early next week and traders are hoping it will put the spark back into the stock market to keep the indices above key trend / support lines.




Here are the weekly, monthly, and annual TSP fund returns for the week ending April 20th:




The SPY (S&P 500 / C-fund) broke above its 50-day EMA Tuesday while also filling an open gap from late March. The index pulled back to end the week and ended back below the 50-day EMA and is now resting at the 20-day EMA price as well as a rising support trend line. The C-fund kept some gains after falling ending the week up 0.54% for the week.




The Wilshire 4500 Completion Index (S-fund) had parallel action as SPY but caught rising support before falling to its 50-day EMA to test it as support. the peak of the week also marked the peak of April so their may be some resistance from the trend line made up of March and new April peak. The S-fund outperformed the TSP funds for the week with a gain of 1.16%.




$IEE (EAFE Index / I-fund) pulled back from early gains in the week and peaked at the late highs of February instead of carrying higher to fill the open gap of early February. The index gaped down Friday to take away more early gains and the I-fund ended the week with a slight gain of 0.52%.




AGG (Bonds / F-fund) took some heat as bond yields spiked and the index fell out of a the rising trend it has sustained since mid-February putting a dent in the index's slow recovery from the early sell off in the year. The F-fund fell 0.62% 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