View RSS Feed

TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

Rate this Entry
September begins with a win for the bulls. The August headaches seemed to slip their way into the new month but positive headlines quickly brought back optimism to the market. Job and economic data set the buying in motion but news that trade talks between the U.S. and China were to begin again in October pushed stocks up and out of trading channels and into 1% or higher gains. The volatility settled there and trading remained relatively steady through to Friday's close.

We also had Jerome Powell say in a speech that the Federal Reserve does not see the potential for a recession. This may have settled a lot of nerves that have given an ear to the bears pointing to the end of the bull market. This is also an important remark ahead of a FOMC meeting in two weeks where the Fed is expected to raise rates again. How dovish can they be if they don't see any real trouble?

Bonds (F-fund) fell this week as stocks reclaimed old territory. The loss was modest (0.14%) but could set the tone of the new month if the sentiment keeps stock buyers in the game. The I-fund outperformed the TSP funds with a 2.22% gain for the week.

Here are the weekly, monthly, and annual TSP fund returns for the week ending September 6th:

The SPY (S&P 500 / C-fund) jumped above what was the cap price for most of August after the resumption of the trade talks was announced. There wasn't much movement from there but it did put the July highs within reach. The success of the index may be enough to keep it afloat until the FOMC meeting in the middle of the month. That is if no detrimental headlines or tweet from the President spook buyers again. The C-fund was up 1.83% for the week.

The Dow Completion Index (S-fund) jumped above its 50-day EMA Thursday but pulled back Friday to close back on the moving average. The S-fund lagged the TSP stock funds but it was still a technical step up for the struggling index. The S-fund was up 1.05% for the week.

EFA (EAFE Index /I-fund) gapped up multiple days until finding resistance from peaks in July. There are now four open gaps below and one open gap above the current price. Although we know open gaps are normal for this index due to time differences in the markets it represents. The index jumped above and traded above its 50 and 200-day EMA for three days. The I-fund outperformed the TSP funds with a gain of 2.22%.

AGG (Bonds / F-fund) fell out of its trading channel Thursday as it gapped down at the open. The index did hit its 20-day EMA which held as support. The index partially filled the open gap Friday and may be looking to test the bottom of the trading channel as resistance. The F-fund lagged the TSP funds with a loss of 0.14%.

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
Weekly Wrap-Ups Archive
Facebook | Twitter

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.

Submit "TSP Talk Weekly Wrap Up" to Digg Submit "TSP Talk Weekly Wrap Up" to Submit "TSP Talk Weekly Wrap Up" to StumbleUpon Submit "TSP Talk Weekly Wrap Up" to Google

Updated 09-08-2019 at 03:55 AM by TommyIV

TSP Talk Weekly Wrap Ups


SPY (C Fund) (delayed)

( Real-time)
DWCPF (S Fund) (delayed)

( Real-time)
EFA (I Fund) (delayed)

( Real-time)
AGG (F Fund) (delayed)

( Real-time)