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Fed Day

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It was another fairly flat day on the eve of the FOMC meeting, although there were certainly pockets of strength in the Nasdaq and the small caps. The Dow lost 2-points while the S&P added 5.

Daily TSP Funds Return
I'm sorry about yesterday In my haste I had written the commentary but forgot to upload it when I normally do, and wasn't made aware that it hadn't posted until after 10 AM ET, I believe, but I finally got it upload.

I was on the road all of yesterday so again this will be brief, and fortunately the dull market cooperated.

The Central Banks should be calling the shots over the next couple of days. The charts are extended but looking for a catalyst.

The AT&T merger sent some stocks up after hours and could be a boost, if the Fed doesn't surprise us.

Reminder: I'm going to be in and out of the office over the next couple of weeks [starting 6/7], doing some traveling. I will be checking emails and posting premium alerts as usual, and I will posting something here everyday, but it may be quick updates and my timeframes may be off a little.

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The S&P 500 / C-fund seems extended here but we've seen it move in one direction longer than seems reasonable, but there is a bit of a double top at the 2800 level that seems to be the top of the recent range.




Thanks for reading, and thanks for your patience over the next couple of weeks while I'm out and about. We'll see you tomorrow.

Tom Crowley


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S&P 500 (C Fund)
S&P 500 INDEX,RTH (^GSPC)
DWCPF (S Fund)
Dow Jones U.S. Completion Total Stock Market Index (^DWCPF)
EFA (I Fund)
iShares MSCI EAFE Index (EFA)
AGG (F Fund)
iShares Lehman Aggregate Bond (AGG)
Source: https://finance.google.com/finance