07/16/13
The Dow gained 20-points yesterday, a snoozer by recent comparisons, but the long positive steaks continued in some major indices.
[TABLE="width: 88%, align: center"]
[TR]
[TD="width: 305"]
[TD="align: center"] Daily TSP Funds Return[TABLE="width: 155"]
[TR]
[TD="align: right"] G-Fund:[/TD]
[TD="align: right"] +0.0177%[/TD]
[/TR]
[TR]
[TD="align: right"] F-fund:[/TD]
[TD="align: right"] +0.27%[/TD]
[/TR]
[TR]
[TD="align: right"] C-fund:[/TD]
[TD="align: right"] +0.14%[/TD]
[/TR]
[TR]
[TD="align: right"] S-fund:[/TD]
[TD="align: right"] +0.41%[/TD]
[/TR]
[TR]
[TD="align: right"] I-fund:[/TD]
[TD="align: right"] +0.18%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"] [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
It was a slow day as stocks opened slightly higher and just stayed above the break-even mark all day. They hit their peak in mid-afternoon trading, but we saw a bit of a weak final hour of trading.
The S&P 500 inched into new high territory but could not close above the May high.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
This will be a quick commentary after the slow day, but I can't help but report the 14th consecutive positive day for the big cap tech stocks of the Nasdaq 100 (QQQ).
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
I read that the S&P 500 ETF - SPY - was up for 15 straight days in 2010, but I only counted 14. That is apparently the record, but interestingly, the S&P 500 was not up every one of those days.
I can't confirm it, but I found somewhere that said the QQQ was up for 12 days in a row once, which was apparently the prior record.
The return of a little volatility would excite me. I'm tired of missing the upside action.
Thanks for reading! We'll see you back here tomorrow.
Tom Crowley
Posted daily at TSP Talk Market Commentary
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.
