It looks like the S&P dropped below support so I am going to take a couple of days out of stocks and make an interfund transfer to 100% F fund this morning.
100% F fund
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Ive been riding the F fund down for about a week now. Thinking about trying to catch the penny myself...
Good point, but F is so due, and if the market does sell-off, there could be a rush to bonds.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Still have that housing news tomorrow. AGG still holding above some good support at 99.0, but there is an up gap from last Aug that still could get filled. I guess the downtrend is a delayed reaction to that head & shoulders pattern we talked about awhile back.
http://bigcharts.marketwatch.com/adv...s.asp?symb=AGG
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
It really does look ready to pop up to me. It looked kind of strange the way it has been following the lower line in the SLO-STO, set at 20,2 check Sept to Nov of 2005.
sentimentrader says this break of support has put the short term into very oversold territory - a place where the market has been able to rebound strongly from in the past. We can't win. This TSP deadline is really killing any attempt to make short term plays. I guess we should know better. These big intraday reversals don't help either.
Of course any rally here could be short-lived. Keep watching 1522 on the S&P. It could act as resistance now.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
For those in the F fund, tomorrow is the jobs report so we could see some volatility. We should also see the penny gain in the G fund tomorrow. Something to consider. I don't have time to send out an alert, so I'll stay put in F. It could go either way but the bond market, although due for a bounce, seems to continue to tell us that down is the path of least resistance at the moment.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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