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Slow pre-holiday trading

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Stocks were mixed on a low volume holiday-week trading day. The Dow slipped 31-points while small caps had a nice day, and the Transports fell back below some key levels.

I will be busy this Thanksgiving week so unless something significant happens, I will keep the commentary brief and enjoy some time off. I hope you are able to do the same. The market will be closed on Thursday and the TSP will be closed, and Friday will be a half day for the market, and the TSP will process transactions.

Daily TSP Funds Return

The small caps led the way with a nice gain while the large caps were down, and the I-fund lagged with weakness in Europe and more upside for the dollar.

The SPY (S&P 500 / C-fund) lost some ground on light volume and the holiday trading makes it tough to read what the market is really trying to do, but the bulls do not want to see another lower high here.


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


The Transportation Index slipped back below the key 200-day EMA so it has failed the 3 to 5 day confirmation test so far. This has happened repeatedly this year and that means the bear market in the market leader continues.


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


Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss the allocations of the TSP and ETF Systems. For more information on how to gain access and a list of the benefits of being a subscriber, please go to: www.tsptalk.com/plus.php

Thanks for reading. We'll see you back here on tomorrow.

Tom Crowley


Posted daily at www.tsptalk.com/comments.php

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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