Last week, stocks roared. Our TSP stock funds had weekly gains of almost 3% for the C and S funds, while the I fund was up a bit over 1%.
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Price has clawed back significant gains since the bottom almost a month ago. After easily clearing the 50 dma on both charts, price seems to have its sights on the 200 dma. Momentum is positive. Breadth and volume are positive.
The OEX is neutral. The CBOE is bearish. TSP Talk sentiment is bearish. NAAIM is moderately bullish.
The market is due more selling than it's seen, but the trend is clearly up right now and the indicators are still pointing in that direction. I remain bullish for the new week.
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