TSP Talk Blog

The Dow was down, the S&P 500 was up. The Nasdaq was up, small caps were down. Oil was up and that seems to be helping keep stocks buoyant but the divergence between the indices is interesting. There seems to be some indecision out there as investors pick and choose what might do best next.

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The week ended on a positive note with the Dow gaining 110-points on Friday and smaller percentage gains in the broader indices, but it wasn't quite enough to pull the S&P 500 (C-fund) and small caps (S-funds) out of the red for the week. The I-fund was roughed up a bit on Friday as the dollar spiked up, but it was actually the best performing fund for the week, despite the strength in the dollar.

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Stocks opened on the upside on Wednesday but we've seen a pattern of selling near the open lately, but also some buying toward the close giving us some "V" type of days. The Dow held up and was near the daily highs just before the close but the broader indices floundered a bit and we saw slight to modest losses in a few indices. Small caps lagged with a near 1% loss while the Transports led rallying on a series on decent earnings reports in that index.

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Stocks have been quiet lately and yesterday the S&P 500 put in its 3rd move of less than 2-points in the last 4 trading days. Momentum may have slowed but we still get pockets of strength as we saw the Dow gain 68-points with the help from a boost in Boeing's stock yesterday, and also the Nasdaq did well. After the bell we some important earnings reports were released but there was no consistency as some boosted stock prices while others were sold.

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Stocks floundered at the open on Monday but stabilized and held up well closing closer to the highs of the day, despite the red numbers. The Dow slipped 28-points while small caps and the Transportation Index lagged on the day. The Transports may feel a little more pain today after J.B. Hunt posted disappointing earnings after the bell yesterday.

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