TSP Talk Blog

Stocks rallied on Thursday as the bears seem to have taken their normal early holiday break and let the bulls have their way. There was some late selling to take the indices off their highs, but there was a lot of green in the indices and small caps, which love the tax bill, led on the upside. The Dow added another 56-points with the S&P adding a similar percentage.

Daily TSP Funds Return More returns

The Nasdaq lagged a bit with the FAANG stocks down on the day as the rotation continues rather than outright selling of stocks. This could be for tax purposes since short-term capital gains tax rates may be lower for those who wait to sell in 2018.

Except for the possibility of a government shutdown, this market will feed off of the tax bill, seasonality, and maybe some profit taking so technical analysis may be almost a non-factor. For that reason I am going to cut you a break today and make this real quick.

Update: Congress approved a temporary spending bill so there will be no government shutdown - at least until the new January 19 deadline.


The SPY (S&P 500 / C-fund) has been moving sideways to slightly lower since last Monday's gap up rally. We saw the open gap get filled and that was about all the bears were willing to do. Next week could be a different story or, as I mentioned above, sellers may hold off until January for tax purposes.




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. Have a very Merry Christmas, and Happy Holidays to all. We'll see you back here next week.

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.