TommyIV's TSP Talk Blog

A surge in the later half of Friday solidified gains in large and small caps for the week that headed into Friday in negative territory. The action was choppy for stocks this week as trade and interest rates remain in a wait and see stage. Jerome Powell spoke this week but did not say anything that wasn't already said but the main consensus is the Fed will remain patient. Tariffs on Chinese goods scheduled to go into effect this week were postponed by the Trump Administration Wednesday. This is a sign to investors that a trade deal may not be too far away.

The conditions that have kept the attention of stock investors didn't change much but this week was a chance for the bears to change the dynamic going into the new month. Dip buyers Friday kept the 2019 rally alive and killed the opportunity. A dovish Fed, optimism for trade negotiations, and good earnings numbers continue to be what is needed to keep investors buying stocks.

Bonds pulled back this week particularly on Friday to give the F-fund a loss of 0.4% for the week.




Here are the weekly, monthly, and annual TSP fund returns for the week ending March 1st:




The SPY (S&P 500 / C-fund) ran into the resistance from the highs of November. The index jumped above the resistance but spent mid-week below it. Rising support of a trading channel helped to push the index back above the November highs to close the week. The C-fund was up 0.46% for the week.




The Dow Completion Index (S-fund) was slowed down by falling resistance this week. The index has moving averages below to help support the price action if things turn around in early March. The S-fund was up 0.26% for the week.




EFA (EAFE Index /I-fund) outperformed the TSP funds this week with a gain of 0.58% for the week. The index continued to trade above its 200-day EMA this week which it surpassed for the first time since September last week.




AGG (Bonds / F-fund) fell this week with the 20-day EMA finally ending its streak of support since November. Now the bonds market is showing signs of weakness as stocks too seem to be losing steam. We will see where traders will choose to put their money when conditions change. The F-fund was down 0.4% 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.