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Not a lot of changes to note this week, but there is some movement of possible interest.




The Top 50 continues to sit on a lot of cash, but notice there's a modest shift into stocks this past week. Bonds are seeing some interest too.




Still very little movement in the entire tracker. There is still more than a 53% allocation in stocks. ...

Watch these levels...

I've lost track of how many CNBC types have said "I don't think we'll see a double dip." Back in 2007 I'm sure if you asked those same folks if we'd see 666 on the S&P 500 they'd dismiss you as a fool. Truth is nobody can predict the markets consistently and I'll lay money down on that!

I was deployed back in the peak of 2007 so I didn't get to feel the euphoria everyone was going through, but I did join in on the denial as we proceeded to crash ...

Breakdown

Happy Independence Day! This will be a brief holiday version of the Weekly Wrap-Up.

It was another poor week for the stock market as support was broken, and many of the bear market signals are starting to sound off.

For the week, all of the TSP stock funds lost ground. The C-fund lost 4.99%, the S-fund was down 6.44%, and the I-fund dropped 3.34%. Bonds (F-fund) were up 0.37%, and the G-fund added 0.05%.

...

Well, the widely anticipated (and feared) nonfarm payrolls number for June came in, and was worse than expected. A loss of 100,000 was anticipated, but the actual number came in at 125,000. Private payrolls improved from last month's 33,000 however, as it came in at +83,000.

The unemployment rate dropped from 9.7% to 9.5%, but that was almost entirely due to many unemployed workers ending their job hunt. Now that's what I call a superficial, dubious data point.

May ...

Ahh, yes, the songs of the summer; not only is love like a baseball game, but so goes investing.

Tapped out to the G Fund yesterday and while we probably will get a little rally next week, I'm not going to worry about it. The failure of the market to rally in the midst of some serious up volume and breadth thrust goes to show how broken it is. Right now there is some major resistance ahead to include those who bought at the start of 2010 and the Feb lows. ...