TSP Talk Blog

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Make it 10 for the Dow. The Dow gained 35-points on the day for a 10th straight day of gains. The broader indices were mixed with the S&P 500 up 1 while the Nasdaq, small caps, and Transportation Index were down fairly sharply on the day.

Daily TSP Funds Return More returns

Yesterday was February 23, and the S&P 500 and Nasdaq 100 were down for only the 3rd time in the month, if you can believe that. Talk about stretched. If you're holding one end of that rubber band your hand may be getting ready to be get smacked.


The SPY (S&P 500 / C-fund) was up slightly on Thursday making a new intraday high in the process, and closing well off the lows. Up 13 out of 16 trading days this month, the bulls have control, but the bears know this can't last forever and the relative weakness in the broader indices recently may be getting them ready to make their move. But it's not easy to step in front of a freight train with this kind of momentum so there will be no shortage of fear from the bears who try to do so.




The DWCPF (S-fund) pulled back fairly sharply intraday on Thursday and down to that old resistance line we talked about the other day, but rebounded off those lows. The open gap near 1210 was filled and there a few smaller ones below, but I said I wouldn't mention them until we break below 1200.




The Dow Transportation Index took a stiff hit on Thursday after I bragged about this chart looking like it wants to breakout. There's been no technical damage done here yet, but the term "failed breakout" may start being thrown around.




The EFA (I-fund) made a new high Thursday with a small gain and closed just inside of its rising wedge after briefly poking above it yesterday..




The dollar pulled back to fill Tuesday's open gap and that helped the I-fund to its gain. Now it is testing some recent short-term support.




The AGG (bonds / F-fund) was up on Thursday and it is getting closer to the overhead resistance of its wedge formation and 200-day EMA.




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Thanks for reading. Have a great weekend!

Tom Crowley


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