TSP Talk Blog

It was another light volume, sideways to lower day for stocks as the normally strong week has been leaking in recent days, digesting the large gains it picked up leading into the holidays and since the election. The Dow lost 23-points while small caps were hit the hardest.

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The action is slow but the positive bias has let up a little, but I don't think the bulls are doing much complaining. Some may be slowly locking in some profits. The question looking forward is what happens next week, and what will it mean for the New Year? A continued pullback could set up a long awaited buying opportunity, if the dip buyers let it go any further. But the market has come a long way in recent weeks and perhaps an outright pullback or correction is a reasonable response? Whatever it is, the New Year does tend to start with some fireworks.


I'll make this quick again today. Have a Merry Christmas, a Happy Hanukkah, and enjoy any holiday you may be celebrating this time of year. We'll see you back here on Tuesday morning.


The SPY (S&P 500 / C-fund) had some minor break downs on the chart, but its on very light volume prior to a holiday so it's not always easy to trust. Sometimes the action before a holiday gets reversed after the holiday, so we have to take it a day at a time before looking at this as a negative for the chart.




The DWCPF (S-fund) had a bad day losing 0.72%, but again, its pre-holiday light volume and not trustworthy action.

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

Tom Crowley