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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Stocks were up this week and produced the greatest weekly gains in the last couple months. Oil prices were up and stocks followed which is not always the case but other sectors followed the rise in energy stocks. Data published this week also suggest inflation has remained at a rate preferred by investors who believe it may slow down the rate of rates raised by the Fed. This lifted some worries from investors and gave them the confidence to put more cash into stocks.

Optimism is back but that is always the case after a strong week. We are dealing with the psychology of traders and while they may be feeling optimistic about market and economic conditions at the moment, don't think they won't hesitate to take their recent profits at any sign of trouble. Volatility over the past couple months has introduced uncertainty into their heads.

So now the real question is whether the bulls can keep up this momentum next week with no obvious catalyst on the way. That may be in their favor because sometimes no new is good news.

Bonds were flat for the week as yields have hit a stagnant range as the 10 year Treasury yield continues to hit 3% and then back off.

Both the C and S-fund were up just short of 2.5% for the week while the I-fund was up 1.63%.

Here are the weekly, monthly, and annual TSP fund returns for the week ending May 11th:

The SPY (S&P 500 / C-fund) pressed above a couple key resistance lines Thursday after coming off a 50-day EMA that had been trouble at the end of last month. The index continued to trade above those trend lines Friday putting the index to a technical advantage at the moment. The C-fund was up 2.49% for the week.

The Wilshire 4500 Completion Index (S-fund) broke above falling resistance early in the week and went on to test the next trend line of the last two peaks. It failed to close above the second falling resistance line Thursday or Friday and kept the S-fund to a gain of 2.48% for the week.

$IEE (EAFE Index / I-fund) traded higher this week and surpassed the peak of April on Friday. An open gap from February is just above the current price but interestingly the index seemed to be kept below the bottom of that open gap Friday. The I-fund was up 1.63% for the week.

AGG (Bonds / F-fund) fell early in the week as yield moved back up but regained those early losses the second half of the week. The indices' 20-day EMA seemed to hold as resistance for the second time this month. The F-fund was flat for the week.

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)