Stocks were down on Wednesday but volume was light and there were buyers picking up the sharper dips along the way. The Dow lost 54-points and some of the indices made attempt to close the recently open gaps.
[TABLE="align: center"]
[TR]
[TD]
[TD="align: center"] Daily TSP Funds Return
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[TR]
[TD="align: right"] G-Fund:[/TD]
[/TR]
[/TABLE]
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[TR]
[TD="align: right"][/TD]
[TD="align: right"] +0.0063%[/TD]
[/TR]
[TR]
[TD="align: right"] F-fund:[/TD]
[TD="align: right"] +0.09%[/TD]
[/TR]
[TR]
[TD="align: right"] C-fund:[/TD]
[TD="align: right"] -0.47%[/TD]
[/TR]
[TR]
[TD="align: right"] S-fund:[/TD]
[TD="align: right"] -0.55%[/TD]
[/TR]
[TR]
[TD="align: right"] I-fund:[/TD]
[TD="align: right"] -0.61%[/TD]
[/TR]
[/TABLE]
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[TR]
[TD="align: right"][/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
All of the TSP stock funds lost ground while bonds (F-fund) saw a small gain.
The S&P 500 (SPY) fell to the lower end of its short-term sharp rising trading channel, and so far has held.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Nasdaq slipped but closed off the lows after making an attempt to test the open gap and the old resistance line near 3870.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Transportation Index has been leading the way lately and was actually up 0.7% yesterday. Like the other indices, it's extended to the upside, a little "toppy" looking and may need a pause, and there are gaps to be filled but, but overall it's a bullish looking chart.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Bonds rallied as the threat of a weakening economy is sending yields lower again. The IEF 7 to 10 year bond fund moved above the 200-day EMA like it wasn't even there. I took a look at the 200-day SMA (simple moving average), which is not shown below, and it is at 103.75 so the IEF is still below that.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
That's it for today. I am out of town for the rest of the week and a little busy so the commentaries will likely be brief unless something interesting happens. My schedule could be a little off from my normal routine, but all of the premium reports will be posted.
I wanted to mention again, for those who may not have seen it on Wednesday, I am starting to have a problem with the email service I use for alerts. I have used the same service for years but for some reason we are starting to see inconsistent deliveries of the email alerts. Most are sent within minutes of initiating them but officially they can take up to an hour to go out and recently that has been happening. As some of you know, some of the premium service email alerts are very time sensitive so this is an issue and I am looking for alternatives. In the meantime, you may want to make sure you take a minute each morning to check if there are any changes to your service's allocations before the TSP transfer deadline. Sorry for the inconvenience.
In today's TSP Talk Plus report we go over a couple more charts plus some short-term indicators. For more information on how to gain access and a list of the benefits of being a subscriber, please go to: www.tsptalk.com/plus.php
Thanks for reading! We'll see you back here tomorrow.
Tom Crowley
Posted daily at www.tsptalk.com/comments.html
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.
