Daily Market Commentary

Stocks sold off on Tuesday with financial stocks breaking some charts below key support levels. The Dow lost 345-points and the selling was broad as we saw 5 decliners for every advancers on the NYSE, with 7 times more declining share volume than advancing. Earnings after the bell did bring some after hours buying in, which could be a boost today, but it could remain choppy out there if the next wave of big earnings isn't as good as Tuesday's release. Hundreds of companies will be reporting this ...

Another quiet choppy day to start the week as we head into today's first wave of big tech earnings after the bell. The Dow gained 66-points, the S&P was up slightly, the Nasdaq and small caps were down, and the EFA / I-fund was up as the dollar seems to be on the move lower again. Bonds and the F-fund were up as yields slipped lower.

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It was another mixed week for the TSP funds after a comeback move by the bulls to end the week on Friday. For the week the S&P 500 was down slightly while the smalls caps of the S-fund and the International I-fund both closed slightly higher. The F-fund (bonds) were down on Friday and also slipped 0.15% for the week. The I-fund continues to lead for the year with an impressive 11.7% gain. Now we head into one of the most key earnings weeks of the quarter with many of the big tech stocks ...

We saw a little volatility on Thursday but the bulls were still around late waiting for an opportunity. We did get a sea of mostly red in the indices yesterday, and the S&P 500 turned negative for the week, but even on a day where the bears took control, the dip buyers were buying late into the close. Bond yields slipped lower (bonds and the F-fund up) on slightly higher jobless claims and existing home sales coming in light.

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Stocks battled back from a weak open once again on Wednesday and, if you like watching paint dry, this is the market for you. There's an old adage that you shouldn't short (bet against) a dull market so the bulls seem to be in control. The Dow lost 80-points on the day while the other indices were mostly flat. Bond yields rallied pushing the F-fund down again, and the dollar was up putting pressure on the I-fund.

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