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TSP Talk Weekly Wrap Up

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Dynamic action in stocks kept traders guessing with a shaky start to the week leading to new highs in large cap indices. A weak start to the week was credited to more anticipated trade tensions with China. This set up a buying opportunity for dip buyers when actual new came out Tuesday. A broad rally Thursday pushed the S&P 500 to new all time highs.

Solid gains were produced in large cap stocks despite being more negatively affected by additional tariffs. Small caps did have a positive end to the week too but could not come back from the early sell off in the week. Bonds were down but came off the lows early in the week with help from the fall in the dollar.

Next week the FOMC will be held where traders are near certain a rate hike will be issued. What they will be looking for is some indication on the how the Fed plans to go about its monetary policy in 2019. Next week is also the end of the third quarter and investors will want to polish their portfolios.




Here are the weekly, monthly, and annual TSP fund returns for the week ending September 21st:




The SPY (S&P 500 / C-fund) reached new highs this week while breaking above a rising trend line that market the highs of last week. There is another trend line not far above the current price. The C-fund was up 0.86% for the week.




The Dow Completion Index (S-fund) struggled against the other TSP funds this week with a loss of 0.61%. Since June the index would fall to test its 50-day EMA after breaking below its 20-day EMA. that did not happen this month (not yet). Rather the index is now back above its 20-day EMA after dancing around it for the last couple weeks. This is a change in character for this index. Now we will see how traders will react to the FOMC meeting next week along with the wrapping up of the third quarter.




EFA (EAFE Index / I-fund) pressed its way above its 50 and 200-day EMA this week with help from a drop in the dollar. The index gapped up Thursday and traded higher Friday to close above a falling trend line. There are two open gaps below so the success in the index this week may be a good reason for investors to lock in gains. The I-fund led the TSP funds with a gain of 2.9% on the week.




AGG (Bonds / F-fund) continued to fall coming into the week hitting prices not seen since June. The index shifted its momentum Thursday and Friday with yields hanging at levels high enough to attract buyers. AGG was pushed back into the falling trading channel it fell out of Wednesday. This chart is not looking good at the moment but could showing signs of a turn around. We may see a better sign of this after the FOMC meeting next week. The F-fund was down 0.26% 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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S&P500 (C Fund) (delayed)

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DWCPF (S Fund) (delayed)

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EFA (I Fund) (delayed)

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BND (F Fund) (delayed)

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