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TSP Talk Weekly Wrap Up

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U.S. stock indices gave back early gains in a choppy week to finally settle with small gains. A rally Monday stretched indices higher following the gains produced the week before. From there market players took profits and the market slid the next three days. There were signs of life from buyers after the morning sell-off Thursday to the early trading hours of Friday but those early gains were given back the rest of the day.

Stocks have the reasoning to sell-off so despite the choppy unfruitful week, it was a win for the bulls. The approaching election is adding emotion to the markets along with the continuing rise in virus cases reported across the country, and the still not agreed upon pandemic stimulus that is overdue. What keeps the markets afloat are the retail numbers and other economic data that reassure the investor.

Stocks did add a third straight week of gains but the momentum from the two previous weeks is gone. The run up on prices has collided with the reality of the current situation; that is a good thing long-term. Just look at what was happing prior to September or February and how quickly those rallies turned into deep trouble. A competitive market is a healthy market.

The I-fund struggled this week and traded aside from the action of the C and S-fund. The losses were deeper for the index and the buy backs were not as strong. The F-fund added some gains to outperformed the TSP funs but has also reached the top of its trading channel.

Investors will be on high alert for earnings coming up. Expectations are on the low but that could be a good set up for some surprises to celebrate.

Here are the weekly, monthly, and annual TSP fund returns for the week ending October 17:

The SPY's (S&P 500 / C-fund) gapped up to start the week but the highs Monday were the highs of the week. The index filled that open gap by Wednesday and the proceeded to fall below the rising trend of the last couple of weeks. The index took back the losses to end above even for the week but remain below that rising trend line that was broken Thursday. The C-fund gained 0.2% for the week.

The Dow Completion Index (S-fund) also came back from negative territory Thursday morning but took a loss Friday to settle with a gain of just 0.11% for the week.

EFA (EAFE Index /I-fund) was up to start the week but took are harder fall when stocks gave up those early gains. The index opened up back below its 50-day EMA Thursday but was able to climb back to just about even with its 20-day EMA for the close of the week. Support did not hold EFA's momentum but could have but still holds on the upper half of its price range of the last few months. The I-fund lagged the TSP funds with a loss of 1.44%

The BND (Bonds / F-fund) climbed into positive territory early this week but unlike stocks, the index remained in a trading range at the early gains. The index has reached the top of its trading range that is in a down slope and did end the week below its 20-day EMA. The F-fund led the TSP funds with a gain of 0.24% 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
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)

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

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

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

( Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes