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TSP Weekly Wrap Up

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Stocks made a full circle last week starting with some nice early gains to open on Monday morning but those highs on Monday ended up being the highs for the week. By early Thursday we were hitting the lows for the week but some buying late Thursday turned into a big post jobs report rally on Friday, and the S&P 500, which was down over 2.5% at one point, closed down just 0.25% for the week.

The Fed did little to help or hurt but stocks seemed to look for excuses to sell-off during week that saw very strong earnings posted. The jobs report came in light and that was just what the doctor ordered in a market environment that has been worried about inflation and higher interest rates, and we saw how the week ended, but the charts are at some key resistance levels so we may not be out of the woods yet.

We saw losses in all of the TSP stock funds this week, but all of them made strong come-backs from the weekly lows. The I-fund lagged as the dollar continues to show strength. The F-fund was up slightly as yields on the 10-year Treasury continue to hover below 3%.

Here are the weekly, monthly, and annual TSP fund returns for the week ending May 4th:

The SPY (S&P 500 / C-fund ran from the Thursday lows near the 200-day EMA to the 50-day EMA on Friday afternoon so this next week will start with an immediate test for the index that has been in a down trend for months now, and struggling to hold onto rallies.

The Dow Completion Index (S-fund) has been outperforming technically of late. It managed to break a small downtrend and closed above the 50-day EMA again after a few days below it. 1370 looks to be the next important pivot point.

The EAFE Index / I-fund remains in the 3-month trading range between 68.50 and about 71.50, and there are some signs that it may want to test the top of that range again since it is in a well defined bull flag that looks ready to pop.

AGG (Bonds / F-fund) has been drifting higher but that only created a bear flag on the chart. There is an open gap above the 50-day EMA that could be target, but it would have to break above the bear flag to do that, so it may not be that easy.

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.

Tom Crowley, filling in this week for TommyIV ...

Thomas A Crowley
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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Updated 05-05-2018 at 02:39 PM by TommyIV

TSP Talk Weekly Wrap Ups


SPY (C Fund) (delayed)

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DWCPF (S Fund) (delayed)

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EFA (I Fund) (delayed)

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AGG (F Fund) (delayed)

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