TommyIV's TSP Talk Blog

Action in stocks was mixed throughout the week and all the TSP stocks funds took a loss by the end. The initial disturbance once again came from trade war worries as tariffs are starting to become more of a reality for the global economy. Stocks opened down early in the week and dip buyers were there on queue to buy into those losses. However, profit taking took place for the second half of the week and the cycle couldn't recover leaving negative weekly returns across stock indices.

We saw stocks begin to slow down for June in the prior week and now stocks may be correcting the strong start to the summer month. Is there much that will persuade investors to keep their money working in the summer while trade wars are an issue and the Fed is still raising rates? The indices do have support trend lines that have held nicely for months so traders may put there confidence there. Next week is the last week of the second quarter so profit taking and window dressing may be another theme to sharpen up portfolios.




Here are the weekly, monthly, and annual TSP fund returns for the week ending June 22nd:




The SPY (S&P 500 / C-fund) is again at a crucial spot technically moving forward. The index has the highs of June above but has rising support as well as its 20-day EMA to keep it afloat. We saw this similar action at the end of May which resulted in the index reaching the highs of the last four months. The C-fund was down 0.87%




The Dow Completion Index (S-fund) was down for the week but is still within a two month long rising trading channel. Unlike the S&P 500, the Dow Completion Index even reached a new high intraweek before profit taking took place. The losses were slight for the S-fund which was down just 0.20% for the week.




EFA (EAFE Index / I-fund) fell below its 200-day early this week as it continued to gap down. The index bounced around below the 200-day EMA a few days before opening back above it Friday and then settled on the 200-day EMA for the week. The index has open gaps on both sides so it could turn anywhere at this point. The I-fund lagged the TSP funds with a loss of 0.93%.




AGG (Bonds / F-fund) jumped in place for week as support held for the 20 and 50-day EMAs. The index couldn't move above its highs of June neither. Bonds ended the week flat with the F-fund taking a 0.01% loss.




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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