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TSP Talk Weekly Wrap Up

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Stocks were up early this week as the Trump administration took a step back from the aggressive stance on trade with China to a more lighter approach that investors believe won't put as much pressure on the global economy as anticipated. This set the pace for a week of gains but there was some trouble mid-week of a geo-political nature with Syria that frightened traders. The beginning of earnings season brought the life back to buyers Thursday as a string of positive reports set the pace for an earnings season that some hope will bring strength back into stocks.

Technology stocks were also a contributor to this week's gains as they bounced back from a poor March. Energy stocks helped carry the market as tensions in the middle east are beginning to be a concern again.

Earnings season continues next week which will be a driving force for stocks with investors hoping it will push indices above stubborn trend lines that have held strong as resistance. But of course the airstrikes in Syria will be another factor to consider.

Bonds were down as traders moved back into stocks dropping the F-fund 0.17% for the week. This was the only loss for the TSP funds this week as the stock funds were all up more than 1%. The C-fund led the TSP funds with a gain of 2.04%.

Here are the weekly, monthly, and annual TSP fund returns for the week ending April 13th:

The SPY (S&P 500 / C-fund) climbed back above its 20-day EMA but was unable to progress above the 50-day EMA Thursday or Friday. There is an open gap above the 50-day EMA that will be a driver to pass up the trend line. Earnings reports will also be the make or break factor this coming week for this chart. The C-fund was up 2.04% for the week.

The Wilshire 4500 Completion Index (S-fund) did break through a falling trend line and its 50-day EMA. However the chart fell back below its 50-day EMA Friday to end the week. The S-fund was up 1.93% for the week and moved back into positive territory for the year.

$IEE (EAFE Index / I-fund) progressed above its 50-day EMA this week that has been trouble since February. The index gapped up Tuesday and moved higher from there. This left an open gap to be filled in addition to the one already below the current price at the beginning of the week. The I-fund was up 1.49% for the week. The index is also now up for the year.

AGG (Bonds / F-fund) moved up early in the week but then fell back to its 50-day EMA by the end of the week as traders moved back into stocks which were strong this week compared to previous weeks. The index has support from the 20 and 50-day EMAs as well as a rising trend line. The F-fund was down 0.17% for the week to lag the TSP funds.

Good luck and thanks for reading. We will be back here next week with another TSP Wrap Up. You can read our daily market commentary at the Market Comments page. If you need more help deciding what to do with your account, perhaps one of our Premium Services can help.

Thomas A Crowley
Weekly Wrap-Ups Archive
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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.

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SPY (C Fund) (delayed)

( Real-time)
DWCPF (S Fund) (delayed)

( Real-time)
EFA (I Fund) (delayed)

( Real-time)
AGG (F Fund) (delayed)

( Real-time)