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

November 19, 2019

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

It was another snoozer on Wall Street Monday with a bullish bias as the small early losses turned into small late gains by the close.  The Dow gained 31-points and the gains pushed the big three indices into more new all-time highs.  Small caps lagged a bit and the Transports closed flat after coming back from a sharper early loss.

Daily TSP Funds Return

More returns


There was some trade pessimism early on, but the modest losses in early trading indicated that it was not much of a concern.  Stocks did start to turn positive after it was announced that President Trump and Secretary of the Treasury Steve Mnuchin had a “good and cordial” meeting with Fed Chair Jerome Powell yesterday, but who knows what really went down?

The internal action wasn't quite as strong as the indices were showing as both the NYSE Index and the Nasdaq each had over 500 more stocks down than up on the day.


There are a lot of red flags out there that I can see, but we have seen this before where momentum move markets higher a lot longer than any of them might indicate.  We're not quite at the parabolic stage that we saw in early 2018, but it has been quite a run since the lows in early October.

The S&P 500 (C-fund) keeps chugging along in that narrow trading channel.  It would seem silly to fight this trend, but this is a long "F" flag and they do tend to break down, and when they do break it can be quick and nasty, so the question I have is, how much of the recent gains will be erased when this does break, and will there be time to react if you're bold enough to still be riding this wave?


The S-fund was basically flat but it came back from some early losses to close near the highs of the day.  There's some resistance at the July highs meeting with some rising resistance off the September peak so if small caps are going to keep advancing, they'll have to break through that double dose.


The Dow Transportation Index also reverse nicely off its Monday morning lows and in the process it kept that open gap near 10,750 open.  The bounce came right at the rising support line off the October low, and the bulls obviously made a stand yesterday.


The EFA (I-fund) broke its rising channel last week but bounced back from that pullback over the last two trading sessions.  It could be a little tired here as it is getting quite extended above its 50 and 200-day EMAs.


The price of gold has been drifting lower since the peak in September, similar to the AGG bond chart below, and those could be considered bull flags.  Bonds and gold are considered safety trades and they tend to rally when stocks are falling, so if these bull flags start to move to the top of the flag - and breakout - that will be a meaningful warning sign for stocks, so watch these flags for signs of a breakout.



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

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 - 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
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