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TSP Talk Weekly Wrap Up

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Stocks produced their first week of losses in November after selling off for three consecutive days to start the week. Buyers showed up late to the party but two days of gains Thursday and Friday took back nearly half of the losses that had come by Wednesday's close. News about ongoing trade negotiations with China along with poor economic data from October gave traders catalysts to make moves.

The net loss for the C-fund came to 1.54% for the week which lagged the TSP funds. The S and I-fund were both down more than 1% for the week as well.

Bonds were up for the week with a five consecutive days of gains to give the F-fund a gain of 0.47%. The continuing fall of oil prices and high volatility in stocks have brought interest back to bonds lately.

There is positive seasonality to come next week with Thanksgiving. We know it is not a certainty but since it has become common knowledge it is a bit of a self -fulfilling prophecy.




Here are the weekly, monthly, and annual TSP fund returns for the week ending November 2nd:




The SPY (S&P 500 / C-fund) fell back below its 20-day and 200-day EMA for the week on fell more from there. This resulted in filling the two gaps from the last few weeks. The index made an attempt to rebound Thursday and Friday but its highs on Friday were the price of its 20-day EMA and it closed on its 200-day EMA. Falling resistance from the beginning of October may become another form of resistance soon. The C-fund was down 1.54% for the week.




The Dow Completion Index (S-fund) remained below its 20-day EMA for the entirety of the week. The open gap form the end of October was closed Wednesday and the index bounced back from there. The S-fund was down 1.25% for the week.




EFA (EAFE Index /I-fund) traded below its 20-day EMA for the week as well and also filled an open gap from October. It was interesting to see the bottom of the open gap was the low for the week and the top of the closed gap was the low for Friday. It seems this index is ready to move higher if it can make it back of moving averages. The I-fund was down 1.42% for the week.




AGG (Bonds / F-fund) was up every day for the week and moved above and closed above its 50-day EMA on Friday. The 50-day EMA had been the resistance in late October so this is a good sign for bonds moving forward. The F-fund led the TSP funds with a gain of 0.47% 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/a>
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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)