TommyIV's TSP Talk Blog

The bulls had control during the last week of August. We saw mostly one way buying action for the first half followed by weaker action the last days of the month. New highs were hit in the stock indices with credit given to celebrated trade headlines but the counter negative trade headlines were unable to match the effect. Volume has been light as the summer wraps up but it seems the bears are the ones extended their vacations.

Both the C and S-fund were short of a 1% gain for the week while the I-fund was up just 0.28%. Bonds were down as investors fled following an influx of new Treasury debt early in the week. The F-fund was down 0.12% for the week.

I'm making this wrap up shorter than usual while I'm on vacation.




Here are the weekly, monthly, and annual TSP fund returns for the week ending August 31st:



The SPY (S&P 500 / C-fund) gapped up Monday and went up in price before hitting rising resistance the marked the new highs for the index. The index pull back from the highs produced Wednesday but did not come back to fill the open gap. It is in a reasonable spot to do so; the open gap is just below the current price and there will be possible support from the 20-day EMA to shoot the index back into its momentum. The C-fund was up 0.98% for the week to lead the TSP funds.




AGG (Bonds / F-fund) were down early in the weak and gapped down after the Treasury added new debt that may not look feasible to inventors. The index did find support from its 20-day EMA, like I imagine may happen in SPY, which rebounded bonds to fill the open gap. The index closed just above its 20-day EMA with a string of more support below. The F-fund was down 0.12% to lag the TSP funds.




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
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