TommyIV's TSP Talk Blog

The action this week was choppy but the last move was up on Friday to give the S&P 500 its second consecutive week of gains. The troubles in Turkey made investors question the health of the global economy and some argued this was an opportunity for stocks to do some correcting. That did not happen this week. We saw stocks fall Wednesday morning but investors shrugged that off quickly and the buyers came back in Thursday to push them back into positive territory for the week where they remained.

Stocks are still in an uptrend but the action isn't steady and its becoming more difficult to navigate indices day to day. The hard part has been trusting stocks despite the strength of the U.S. economy. The bull market is aging but age may just be a number.

Bonds were up for the week but the F-fund was down 0.01%. The I-fund lagged as foreign markets are still struggling with the trouble in the EU economy. Both the C and S-fund were up modestly with the C-fund leading the way.




Here are the weekly, monthly, and annual TSP fund returns for the week ending August 17th:




The SPY (S&P 500 / C-fund) added to the previous week's losses early in the week. The 20-day EMA was a good mark to attract buyer, human and programs alike. The index jumped up from there opening a gap while filling one from last week. The C-fund was 0.66% to lead the TSP funds for the week.
up



The Dow Completion Index (S-fund) had similar action as large caps but the support came from a rising trend as well as the 50-day EMA. The index is has been unable to move above the June highs but is its range is diminishing as it keeps trying. The S-fund was up 0.32% for the week.




EFA (EAFE Index / I-fund) continued to fall this week but regained some losses late in the week. Open gaps are common in this chart but we still see them filled eventually. There are now two above and below the current price. The I-fund fell 1.09% for the week.




AGG (Bonds / F-fund) broke above the July highs this week while establishing a rising trading channel with the August action. Bonds have been rising with the dollar which increases the spending power of returns. However, the TSP did not match up with AGG's action this week and the F-fund was flat for the week. This chart is looks to be in good shape at the moment. Support could be established from the rising trading channel and the highs of July. There is also safety in the moving averages which held in late July and early August.




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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