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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Stocks were up for the week thanks to the rally on Friday after Senators Rubio and Corker were back on board with the tax bill. That gives enough votes for the tax bill to be passed by next week and traders bought the news. The market was losing steam leading up to Friday's rally as stocks sold off Thursday when Rubio said he would not vote yes on the tax bill without changes made first.

The Fed raised rates Wednesday 0.25% as expected and added positives views about the economy indicating 3 potential rate hikes in 2018.

It is possible that the passing of the tax bill is already priced in for stocks. However, sometimes it seems we never run out of buyers at any opportunity. We have one more week before Christmas so positive seasonality will be in effect.

All the TSP funds were up for the week with the C-fund outperforming with a gain of 0.95%. The F-fund was just under the S-fund this week with a gain of 0.29%.




Here are the weekly, monthly, and annual TSP fund returns for the week ending December 15th:




The SPY (S&P 500 / C-fund) found support during Thursday's sell off from the rising resistance of the trading channel in October. The index had a couple of other potential support trend lines below but those are now insurance. The C-fund was up 0.95% this week to outperform the other TSP funds.




The Wilshire 4500 Completion Index (S-fund) fell below rising support on Thursday's sell off. That support may have acted as resistance to limit Friday's rally for small caps. The S-fund was up 0.32% for the week.




$IEE (EAFE Index / I-fund) produced early gains this week but tuned around after finding rising resistance. The index gapped down Friday while finding support from its 20-day EMA to prevent an open gap from last week to be filled. The index is now priced between two open gaps with two additional below. The I-fund did push a 0.14% gain out of the week that turned south.




AGG (Bonds / F-fund) fell below the 50-day EMA on Wednesday but rallied off the Fed rate hike on Wednesday to test rising resistance above. The index is inching closer to the open gap from early September. The F-fund was up 0.29% for the week.




Good luck and thanks for reading. We will be back here next week with another TSP Wrap Up. You can read our daily market commentary at the Market Comments page. If you need more help deciding what to do with your account, perhaps one of our Premium Services can help.


Thomas A Crowley
www.tsptalk.com
Weekly Wrap-Ups Archive
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The legal stuff: This information is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this data. Do not buy, sell or trade the funds mentioned herein based on this information. We may trade these funds differently than discussed above. We use additional methods and strategies to determine fund positions.

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SPY (C Fund) (delayed)

(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)

(Stockcharts.com Real-time)
EFA (I Fund) (delayed)

(Stockcharts.com Real-time)
AGG (F Fund) (delayed)

(Stockcharts.com Real-time)