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Weekly TSP Wrap-up from TSP Talk

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Stocks continued their bullish ways as many of the major indexes made new 52-week during the week. The U.S. market seem to be watching the employment numbers and the ongoing debt saga in Greece closely, and so far nothing overly negative has developed.

It was another good week for the TSP funds. The S-fund led the way with a gain of 2.56%, the C-fund was up 1.43%, and the I-fund added 0.46%. The F-fund (bonds) gained ...

BEARISH
Playing Devil's advocate.

Ok I'm not really Bearish, but somebody around here has to even out all this foolish bullishness everywhere I look.

For our leader the Transports I'm only going to show one chart but I'm going to give you four pictures building this chart backwards from the ground up. If you can, try to look at each chart in the order it's posted and read the description for each chart (no cheating please.)
...

More strength leads to fresh 52-week highs. And the DOW is very close to the magic 11,000. It was a choppy day of trade, but the indexes remained in positive territory for most of the day and in the final hour saw a push that helped those indexes close near their highs of the day.

There wasn't much news of note, but the story on Greece seems to be a daily event now. Fitch downgraded Greece's debt rating to BBB-, but as we've seen so often EU officials continued to report progress ...

We got some follow-through selling today, but why am I not surprised it didn't hold. Such is this market's strength.

This morning, initial jobless claims fell 18,000 to 460,000 for last week, which was worse than expected. Continuing claims dropped 131,000 to 4.55 million, which was better than anticipated. The market seemed to shrug off this data after the initial sell-off this morning and slowly climbed back to positive territory before closing with modest to moderate gains. ...

There really wasn't much news or catalysts to move this market today, and maybe that's why the indicies had their worst trading day in several weeks. It wasn't an ugly day by any stretch of the imagination, but traders found reasons to take profits none-the-less.

One bit of news that's been blamed for the intensified selling this afternoon was a report that consumer credit in February fell by $11.5 billion vice an expected $0.7 billion.

But in other news a senior Fed ...