TSP Talk Blog

Stocks took a needed rest after two big positive days to end the week last week. Rallying on the weak jobs report likely set up some profit taking, but clearly the bears didn't have their teeth into the selling yesterday. All three major indices posted small losses of between 0.1% and 0.2%. Small caps and the international stocks gave back a little more.

Daily TSP Funds Return More returns

I just got home late Monday night after traveling all day, so this is going to be a brief commentary, but I'll be back on my normal schedule the rest of the week. Thanks for your patience.

Stocks were off slightly as investors once again kind of shrugged off a weekend terrorist attack, and after last Friday's jobs report, they seem to shrug off just about anything. If the market has any fear it may be something that affects the tax reform talks and that may be an issue later this week. James Comey's testimony is scheduled for Thursday of this week so there could be some jockeying for position by investors in front of that possibly important event.

The SPY (S&P 500 / C-fund) didn't make a new high yesterday after two consecutive new highs to end the week last week. The rising trading channel is still intact, however, and there are still several levels of support between 241 and 243 that the bulls will try to defend on anymore downside.




Bonds moved down modestly, the dollar was up slightly, and the VIX ticked back over 10.0.

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.