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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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The bulls must have been good this year, investors who had their money working around Christmas were rewarded. Trading was relatively tight this short holiday week but stocks received a boost Thursday following Christmas Day that included a late rally. The market was seemingly unstoppable but some profit taking took place Friday to take indices off the highs. The net result of the holiday week was all green across the board for TSP funds. Small caps stocks (S-fund) were not as fortunate as large caps (C-fund) in the last two days of the week; small cap gains were a portion of large caps during Thursday's buying and small caps took a modest loss of 0.33% Friday. Still the S-fund stayed above water for the week with a slight gain. Meanwhile the C and I-fund gained 0.6% and 0.77% respectively for the week.

Bonds (F-fund) were up too with a boost Friday taking slight gains to a modest gain of 0.29% for the week.

There are two more trading days for 2019. December action has been relentless thus far and what was worry coming from investors is now turning into confidence for next year. But its when hesitation turns to euphoric trust in markets that we see the house of cards fall. Just think back to January and February of 2018. That's an example of the 'melt up' action that has been thrown around lately. Profit taking from investors would be healthy going forward. Protecting those 2019 gains should be an investors priority. Its soon to be a new year and we are coming off an incredible year for stocks and no one expects a repeat.

Here are the weekly, monthly, and annual TSP fund returns for the week ending December 27th:

The SPY (S&P 500 / C-fund) edged higher this week but trading ranges were kept tight. The index continues to close at record prices. It is the opposite of what we saw last year which was a concern of many as we headed into the holiday season. Its hard to see much more upside in this chart without first pulling back to test support from previous trend lines. The C-fund was up 0.60% for the week.

The Dow Completion Indices (S-fund) was moving towards a decent holiday week but gave up the majority of its early gains Friday. They index ended up closing at previous resistance. There is a number technical support under the current price. The S-fund lagged the TSP funds this week with a gain of 0.06%.

EFA (EAFE Index /I-fund) had a boost late in the week as global market inched higher with U.S. stocks and then a drop in the dollar Friday gave the index the boost to most of its gains for the week. The boost Friday led to the I-fund outperforming the TSP funds with a gain of 0.77%.

AGG (Bonds / F-fund) were down early in the week and spent the first two day trading between the 20 and 50-day EMAs. Bond prices jumped at Friday's open to turn small gain for the week to a respectable gain of 0.29%. AGG now has an open gap below but has room above to retest a potential resistance line from the peaks of the last few months.

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
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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)

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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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