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Daily Market Commentary

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  1. Strong close restores big early losses


    Stocks open sharply lower on Thursday and it was just a matter of minutes before the Dow was looking at a 180+ point loss at the lows. About 11 AM ET the dip buyers showed up and the bears stayed away until about the last hour of trading. The rebounded and closed with a 45-point loss and we had a positive reversal day. Only the Transports didn't lose money however, and while the rebound was technically positive, we do need to see some follow-through because something seems awry. The
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  2. Slow day, but the bleeding stopped


    Stocks were mixed on Wednesday as the Dow, S&P, and small caps posted small gains, while the I-fund, Nasdaq, and Transportation Index closed with losses. It was a slow day on light volume so there's not much new to report. The Dow gained 16-points.

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  3. Sharp pullback threatens support


    Stocks fell sharply on Tuesday as we saw a broad sell-off covering most indices. The Dow lost 200-points, about 67-points off the lows, but the dip buying was unimpressive. The Nasdaq and small caps were hit hard and the strength in the dollar added to the I-fund losses. The Transportation stocks held up relatively well in comparison. Because of the holiday, the TSP fund returns below reflect the action on Monday and Tuesday combined.

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  4. Narrowing flag continues


    Stocks opened sharply higher on Monday morning but drifted lower into the close and the big gains turned into moderate gains, but they were gains. The Dow picked up 89-points, about 70-points lower than the morning high. The TSP was closed so we don't have updated share prices for Monday, but yesterday's action will be reflected in Tuesday's prices. The prices below reflect Friday's price action.

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  5. The jobs report breakout / breakdown


    Stocks opened sharply lower on Thursday with the Dow tagged with an early 120-point loss, but we saw a strong push back from the bulls and the indices all closed at or near the break-even level as the Dow ended with a 13-point decline.

    To our friends in the southeast, please stay safe! This Matthew character looks pretty mean.

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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)