TSP Talk Blog

Stocks bounced back for a day after the recent pullback. Some key support held on the S&P 500 so it looks like just another quick dip - bounce - and go situation, but as we've been talking about, we are hitting the wall next week as far as seasonality goes. The Dow gained 237-points, and many of the other indices gained close to 1% on the day, but maybe more important was that the bears didn't sell the rally this time. Bonds and the dollar were down, as was gold, while oil rallied big. ...

The better than expected CPI numbers sent the stock futures higher and the indices opened to the upside, but they peaked quickly and the selling started right after the opening bell. There was no buying near the close this time and the Dow ended the day down 292-points or 0.84%. We saw losses closer to -0.5% in many of the broader indices. Bonds rallied and the dollar closed flat.

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Stocks were flat to mostly higher yesterday after a volatile trading session. They opened to the upside but the bears showed up for a while and put some heavy pressure on. But a late rally pushed the indices back into positive territory by the close. The Dow led and closed with a decent gain of 262-points. We saw some gaps get filled and as we've talked about, they did act as support yesterday. Bonds were up, as was the dollar.

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Not a good week for stocks and so far September has lived up to it's bearish reputation. The Dow lost 272-points with similar percentage losses in the S&P 500 and Nasdaq. The trend of the indices hitting their high during early trading, and fading the rest of the day is worrisome. Every time you thought the dip buyers were showing up last week, a new wave of selling hit the tape. Bonds were down as yield rallied. The dollar opened lower but rallied into the close. ...

Stocks started Thursday on the positive side, but the highs were hit rather quickly and the selling kicked in. The Dow lost 152-points or 0.43%, and the S&P 500 had a similar percentage loss. The Nasdaq and small caps held up a little better. The dollar was down helping the I-fund out some as well, and bonds were up after a sharp move down in yields.

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