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It's hard to believe that the market would continue to trade in volatile fashion on news that really isn't news anymore, but concern that Greece may default on its debt was blamed for today's sell-off. Media reports that the country may be close to reaching an agreement for more funding seemed to mitigate losses against the major averages however. Still, the S$P 500 closed down just under 1%, while the Nasdaq saw a much more modest 0.36% decline.
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I couldn't get this posted last night due to issues with the site being down, but here's the charts:




Twenty percent increase in stock allocations for the Top 50.




Minor drop in stock allocations for the Total Tracker.

I don't have much to add and really just want to get these out to you folks ...

09/19/11

Stocks rallied again of Friday as the Dow added another 76-points. That made it 5 for 5 last week, the first 5-day rally since late June. But was the bullish action in the current bear market affected by options expiration?



For the TSP, the C-fund was up 0.57% on Friday, the S-fund added 0.09%, the I-fund slipped 0.23%, and the F-fund (bonds) ...

09/17/11

The bear flag remains intact

Apparently the market does not read our weekly wrap up as we were expecting a breakdown of the bear flag (see below) and a test of the August lows to begin last week. Instead, the market rallied for 5 consecutive days, which was the first time that had happened since late June.

For the TSP funds, the C-fund gained 5.41% on the week, the S-fund jumped 5.53%, the I-fund was up 3.27%, while the F-fund (bonds) lost 0.51%, ...

I was traveling all day yesterday and largely unable to follow the action. The market managed to make it five for five this week and the Nasdaq had its best week since July 2009. An indication that this strength may stick for awhile.

Here's Friday's charts:



NAMO and NYMO dipped just a bit and suggest this rally may need to take a break soon. That said, any downside may be limited. It's a tough call though, as I still consider ...