TSP Talk - Thrift Savings Plan Talk
TSP Talk on Facebook TSP Talk on Twitter Mobile TSP Talk
Search TSP Talk and tsp.gov
TSP Talk Market Comments TSP AutoTracker Premiums Site Map TSP Funds Forum Returns

Thrift Savings Plan Talk
For Federal Government Employees and Military Personnel

Quotes, Charts, Info

TSP Share Prices & Returns
Fund Index Quotes
Popular Charts
Market Futures Quotes
Earnings Reports
Economic Calendar


Need a back-link...
or want to Advertise?
 

Premium Services

TSP Talk - Thrift Savings Plan Talk

 

Mobile Options


- Android Forum App

- iPhone Forum App

 

 Quick Link to ...
TSP Share Prices | Reader Testimonials

RevShark's TSP Timing Newsletter & Morning Commentary

Intrepid Timer Strategies  |   TSP Talk Plus


Market Commentary

December 9, 2019

Archives  |  Current TSP Share Prices
TSP Talk - Thrift Savings Plan Talk
 Today's Commentary         (Not seeing a current commentary?)


Stocks rallied on Friday and the big news was the strong jobs report.  The Dow gained 337-points or 1.22%, and we saw solid gains of near 1% in many of the major indices.  Not surprising, the safety type trades of bonds and gold were down as risk was certainly on Friday. 

Daily TSP Funds Return

More returns

 


The China trade deal took a backseat for a day to the jobs report (+266,000) which was much better than expected 185,000, and if you read my commentary on Friday, it demolished the "whisper" number that was going around of 135,000.  That left little room for what investors would do.

In the past a number like that would trigger some concerns about the Fed wanting to raise rates, but after having cut them 3 times in recent months, and being on hold for now, this big number couldn't have been a better scenario for the market. 

There is actually a two-day FOMC meeting starting tomorrow, but according to the futures, the chances of a change in the Fed Funds Rate is close to 0%.

While the jobs report was great, keep in mind that stocks are already near all-time highs, and there is a tendency for big rallies off of surprise jobs report to pullback some in the coming days, so while the data and the action look great, profit taking will be on some traders and investor's minds this week.

I am out of town for a couple of days and my son, TommyIV from the forum, who has been doing our Weekly Wrap-Up for us for a few years, has graciously offered to take care of the chart section for me for a couple of days.  I'll be back on my regular schedule on Wednesday.


TommyIV's commentary...

The jobs report gave the bulls the ammo to steal back the market sentiment. However the win for the bulls came at the open and the trading range was tight for rest of the day. With the jobs report out of the way investors will be looking for the next motivation to buy. If nothing else, the FOMC meeting may keep market players from taking back profit right away. No rate changes are expected but clarity to how the Fed sees the economy should have an effect on investors.

The TSP stock indices all face open gaps and price records in the way of further upside. Not impossible obstacles especially if trade news uplifts buyers. But its more likely for prices to fluctuate this week to adjust for the disturbance in the trend last week.

The S&P 500 (C-fund) gapped up Friday but was kept at bay by the rising trend of the last couple months and pressure from the record highs set just 6 days prior. New highs could be set with the help of unignorable good news, but gaps should be filled in order for the recent consolidation of this index to keep technical conditions healthy.


        


The DWCPF (S-fund) is meshing two trends right now. The longer view that started early October and the trend set from November's action. Friday was contained within both. This index also has an open gap to retreat to but there is less pressure of record highs keeping from rising in price than in the S&P 500.

        

Longer term trends for the DWCPF create additional trepidation for the potential of further upside in the short-term. We see trend of this year have affected price action and so far kept the index from testing the all time highs of last year. A certain pattern is clear here so its depends on whether you believe this leg of buying is the breakout spree.

       


The Dow Transportation Index closed the open gap lingering from earlier in the week. Right now it seems moving averages are dictating the highs and lows of the days.

        


The EFA / (I-fund) followed U.S. stocks up and again matched the persistent resistant highs of November. Repeat of November or will this index soon establish a novel trend of December? Two gaps are opened within in easy reach.

         


The dollar gapped up with the jobs report rather than breaking the bear flag. Traders last priced the dollar equal with its 50-day EMA reversing it off the highs of the day.

        


The AGG (F-fund / bonds) continued its trend despite filling the gap and landing on the 20-day EMA Thursday. The index broke below a rising trend but finished the day about equal in price with the trend line. The 50-day EMA sits between the current price and the gaps left open last month.

        
 

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. 

TommIV, filling in for Tom Crowley


Like what you're seeing on TSP Talk?  Why not Tell a Friend about us?  We'd really appreciate it, and they may too.  Thanks!
 

  The easiest way to print this commentary is to copy and paste above into a document like Word.


Chart provided courtesy of www.sentimentrader.com
 
Market Commentary Archive


Commentary Archives
 

Have questions? Visit our message board for answers.

Would you like to be on our email alert list? Your email address will never be given out. Please read our privacy policy. By signing up you agree to the TSP Talk Terms of Service.

Like what you're reading? Please Tell a Friend about us.

Help and Resources

Site Map
FAQ
FAQ - Premium Services
FAQ for Alerts
Reader Testimonials
How to Make a Transfer
How to Make an IFT (Video)
Report Problems / Errors
Contact Us

TSP - What is it?
Who Is TSP Talk?
What Can We Do For You?
Want More Help?

Mug Shots

TSP Talk User Map
Tell a friend or co-worker
Recent Forum Activity
Video & Image Library
Market Analysis Videos
TSP.gov Home Page
GovLoop
My Federal Retirement
FERS Guide

Mobile Options
- TSP Talk Forum Apps

 
SPY (C Fund) (delayed)

(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)

(Stockcharts.com Real-time)
EFA (I Fund) (delayed)

(Stockcharts.com Real-time)
AGG (F Fund) (delayed)

(Stockcharts.com Real-time)

TSP Talk is not a Registered Investment Advisor. TSP Talk does not guarantee the accuracy or completeness of this report, nor does TSPtalk.com assume any liability for any loss that may result from reliance by any person upon any such information or opinions. Such information and opinions are subject to change without notice and are for general information only.  The information contained on this website is for educational purposes only and not intended to be recommendations, and may not be published, broadcast, rewritten or otherwise distributed without prior written consent from TSPtalk.com. Full Disclaimer

Copyright © 2003 - 2019
Buy Low Sell High, Inc.
TSPtalk.com ® is a trademark of Buy Low Sell High, Inc.
All Rights Reserved

Buy Low Sell High, Inc., 221 N. Washington Blvd #13213, Ogden UT 84412


TSP Talk Market Comments TSP AutoTracker Premiums Site Map TSP Funds Forum Returns