TommyIV's TSP Talk Blog

It was the end of a six year streak of Thanksgiving week gains for the S&P 500. A rout in technology stocks brought down stock indices to start the week with the selloff in Apple leading the cause. This was on top of the added angst of an economic summit over the week that was labeled as anything but successful. Disagreements between China and the U.S. were critical issue for investors who have been dealing with the ups and down of trade discussion for too long.

Some relief came Wednesday with a halt in the sharp decline in oil and tech stocks. The optimism was back mid-day but the buyers started their holiday traveling and stocks sold off into the close. The half-day on Friday brought stocks to their lows for the week with oil returning to its sharp decline down to its lowest level in more than a year.

Bonds were kept above even for the week but the F-fund was outperformed by the G-fund. The fall in oil prices is an indicator for a slow down in the rate of inflation which adds to the value of bonds. The C-fund lagged the TSP funds as it fell 3.77% for the week.




Here are the weekly, monthly, and annual TSP fund returns for the week ending November 23rd:




The SPY (S&P 500 / C-fund) gapped down Tuesday morning and the gap was left open for the remainder of the week. The index stayed in the lower half of its falling trading channel that began after the October into November rebound. The support of the trading prevented the index to fall to the lows of October but the support line will intersect with that low in a few days. The low volume of trades this week may have over sold the index and buyers next week may correct this. The C-fund fell 3.77% for the week.




The Dow Completion Index (S-fund) also kept within its falling trading channel but was had to deal with the resistance of it the last trading days of the week. The trading channel for this chart is intersecting with the October lows could be set up for decent support. The S-fund was down 2.48% for the week.




EFA (EAFE Index /I-fund) gapped down mid-week, filled the gap the next day, and was back below the gapped price by Friday. The index is also in a falling trading channel like those for the C and S-fund. The I-fund was down 1.08% which was the best result of the TSP stock funds for the week.




AGG (Bonds / F-fund) remained above its 50-day EMA for the week with help from falling oil prices. The index opened above the peak of late October on Friday but closed below that price by the close to erase the gains for the week leaving the F-fund up 0.03%.




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.