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Sluggish behavior but no real damage done yet

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Stocks were down moderately to more heavily depending on the index on Wednesday. The Dow lost 66-points or 0.35%, and the S&P 500 gave up 0.52%, while the small caps (-0.83%) and particularly the Nasdaq (-0.81%) lagged with sharper losses.

Daily TSP Funds Return

Bonds remain in a very tight flag formation, and the I-fund held up well but that may be because the overseas markets closed before the weakness hit U.S. stocks yesterday.

Reminder: I got home late Wednesday night so this will be the last "brief" commentary, although I have a late morning / afternoon commitment today and may have to get to some of my administrative issues a little later.

The SPY (S&P 500 / C-Fund) had a bad day falling below the first level of support, which was the top of the high trading range, so that makes two failed breakouts. It remains above the 20-day EMA and the longer-term old resistance - turned support - line. There's a couple of cracks here but no real damage yet as far as bull market action goes.




The DWCPF (S-Fund) was down fairly sharply but remains above some key support.




The EFA (I-fund) was down slightly as it held up fairly well yesterday, and the bottom of the recent open gap held so far.




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 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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S&P500 (C Fund) (delayed)

(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)

(Stockcharts.com Real-time)
EFA (I Fund) (delayed)

(Stockcharts.com Real-time)
BND (F Fund) (delayed)

(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes