TSP Talk Blog

Stocks spent most of the day on Thursdays with modestly negative returns but rallied into the close to end the day mixed and nearly flat. The S&P was down for the first time in 8 days while the Nasdaq 100 (QQQ) was down for the first time in 10, if you want to call -0.03% a loss. The Dow was up 8-points so that's 6 positive days in a row.

Daily TSP Funds Return More returns

The bulls remain in charge despite the market probably needing a little rest. Too much upside without some backing and filling could create a vacuum with no support and the indices become vulnerable to a sharp pullback.

I've been on the road the last couple of days so let's wrap this up quickly and get our holiday weekend started.

The SPY (S&P 500 / C-fund) was down slightly but closed well off the lows as the dip buyers did their job as we headed into the close. The trend remains up but it looks extended. The question is, is the bullish economic rhetoric coming out of Washington, which is helping fuel the rally, going to manifest into what investors are expecting? As I have been saying, stocks may be getting priced for perfection so if expectation are not met, we could have a problem.




Thanks for reading. Have a great President's Day weekend!




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.