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TSP Talk Weekly Wrap Up

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We saw another week of stocks moving without conviction and eventually ending with a mixed results across the TSP funds. U.S. stocks took a breather this week which was welcomed by those who still believe stimulus and a recovering economy will keep stock price rising. The bears did have some life this week but there wasn't any selling that didn't get bought up by dip buyers soon after. The S&P 500 was on its way to wipe out the week's losses before sliding for the later part of Friday's action.

This week gave an opportunity to those looking for entry points into stocks with enough action from dip buyers to keep fear levels from rising. A major pull back is on the minds of many investors but economic data showing increased business activity in the private sector and increased activity from retail consumers with stimulus money has given further hope that economy recovery will keep investors in stocks longer. The newest threat to stocks is the rise in bond yields. This is new competition for stocks that have been long uncontested against the lower yields of the bond and credit sector. The rise in bond yields at the very least has investors attentions of a change in character for markets moving forward.

Both the U.S. stock funds (C and S) took losses this week although both less than 1%. The S-fund lagged the funds with a 0.97% loss. The I-fund was the sole gainer for the week with a 0.29% gain. Bond prices fell this week lifting yields and pushing the F-fund down 0.57% for the week.




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




The SPY's (S&P 500 / C-fund) began the week with gains but overhead resistance met the Monday morning highs which marked the highs for the week. The index slid from there but with some volatile action along the way. The C-fund was down 0.68% for the week.




The Dow Completion Index (S-fund) ffell at a greater rate than large caps and nearly met its 20-day EMA by Thursday. Despite the lagging behavior the index did regain some lost ground on Friday. The S-fund fell 0.97% for the week.




EFA (EAFE Index /I-fund) ggapped up to start the week and eventually fell into negative territory mid-week. The index also recovered some ground Friday and was able to end the week with a gain of 0.29%.The index fell out of the rising trading channel that had held so far through February.




The BND (Bonds / F-fund) gapped down below its 200-day EMA Monday morning. The 200-day EMA seemed to be a safety net for those who were watching the charts. The index fell further Friday but did hit its lows and falling support of a declining trend line. The F-fund lost 0.57% 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
www.tsptalk.com
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)

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

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

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

(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes