TSP Talk Blog

07/05/13

Just a brief holiday extended weekend commentary today after Wednesday's half day trading session that saw the Dow gain 56-points, the S&P and small caps picking up small gains, and the Transports losing some ground.

Daily TSP Funds Return G-Fund: +0.0057% F-fund: -0.17% C-fund: +0.08% S-fund: +0.09% I-fund: -0.83% More returns

As of this writing - Thursday evening, the futures are sharply higher (Dow futures up 120-points)after the European markets rose dramatically Thursday led by the U.K.'s FTSE 100 which was up over 3%. There were some positive comments made by the Bank of England regarding keeping interest rates low.

This should bode well for Friday's open here, but of course the June job report comes out at 8:30 AM ET and that certainly could have a big impact on those futures and the open. The consensus estimates are looking for a gain of about 170,000 jobs and an unemployment rate of 7.6%.

The S&P 500 continues to trade below some key resistance levels and needs help to keep it from creating a 2nd lower high, so a strong open will immediately put the resistance to the test.


Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk

Thanks for reading! Have a great weekend!

Tom Crowley


Posted daily at TSP Talk Market Commentary


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