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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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Stocks were up to open the week as pre-earnings season has thus far attracted buyers. The only hold up on the momentum this week was a pull back on Wednesday in reaction to the Trump Administration announcing additional tariffs on China adding fuel to the trade war fire that investors have thus far been able to shrug off lately. The last two days of the week displayed the short-term memory of the market as the trade troubles were forgotten and earnings become the focus again, and the S&P 500 closed at its highest level since January.

Trade war troubles and political drama have been unable to affect stocks with much significance or for a reasonable length of time. Market players have been resilient and quick to buy. There are plenty of bears out there giving logical reasons as to why its the end of the bull market but so far they have been wrong.

All the TSP funds were up for the week with the C-fund leading with a gain of 1.54% while the rest of the TSP funds were below 0.5% in gains for the week.

Here are the weekly, monthly, and annual TSP fund returns for the week ending July 13th:

I have been talking about the pattern of the SPY (S&P 500 / C-fund) the last four months reaching its peak mid-month. If this trend is continuing into the new quarter then we should expect to see stocks pull back next week leaving this week behind as the highs. But the index made an important move this week as it surpassed the resistance of the highs of March and June twice. There is also an open from Monday's open that if it were to be filled next week would mimic the pattern of the last four months. The C-fund was up 1.54% leading the TSP funds.

The Dow Completion Index (S-fund) was up early with large caps but felt resistance from the June highs and fell to fill the open gap from Monday's open. The index came off its lows to end the week but it was a more rare week of weakness than we are use to for small caps. But keep in mind the index did come off strong gains the week before and its just under a 3% gain for July.

EFA (EAFE Index / I-fund) found resistance from its 50-day EMA early in the week which pushed the index back below its 200-day EMA where it was last week. The week ended with a slight gain of 0.15% for the I-fund but that was coming off early gains. Open gaps are above the current price, actually is in the middle of one now, but the index faces a few obstacles of resistant trend lines.

AGG (Bonds / F-fund) pressed on higher this week with trade tensions sending investors into the safety of bonds. The index was down early in the week but climbed to higher price from the highs of the previous week. The index has an established rising trading channel that continued to hold this week to act as support as bonds fell early in the week. The F-fund was up 0.18% 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
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)

( Real-time)
DWCPF (S Fund) (delayed)

( Real-time)
EFA (I Fund) (delayed)

( Real-time)
AGG (F Fund) (delayed)

( Real-time)