10/25/12
Stocks were positive for most of the day, but investors may have wanted more from the Fed because after the Fed policy statement was released, stocks lost ground. The Dow gave up 25-points.
[TABLE="width: 88%, align: center"]
[TR]
[TD="width: 241"]
[/TD]
[TD="align: center"] Daily TSP Funds Return[TABLE="width: 149"]
[TR]
[TD="align: right"] G-Fund:[/TD]
[TD="align: right"] 0.0036%[/TD]
[/TR]
[TR]
[TD="align: right"] F-fund:[/TD]
[TD="align: right"] -0.01%[/TD]
[/TR]
[TR]
[TD="align: right"] C-fund:[/TD]
[TD="align: right"] -0.31%[/TD]
[/TR]
[TR]
[TD="align: right"] S-fund:[/TD]
[TD="align: right"] -0.25%[/TD]
[/TR]
[TR]
[TD="align: right"] I-fund:[/TD]
[TD="align: right"] 0.20%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"] [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 closed lower on Wednesday but did manage to stay above Tuesday's low. That's some comfort but there were more concerns than comfort yesterday.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
I was singing the praises of the Dow Transportation Index in Wednesday's commentary, for it being up almost 1% on a day when the Dow lost well over 200-points. Well, it plunged 2% yesterday, adding to the confusion in this important index, which doesn't seem to be leading or lagging, but rather bouncing within a trading range for months now.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Nasdaq 100 Index, the large cap tech stock index, made a lower low yesterday and yesterday's action produced a negative outside day - not usually a good sign. But after the close today, Apple will report earnings.
Apple's earnings usually move the stock dramatically one way or the other, and because it is such a large part of the Nasdaq 100 Index, it will likely move this chart dramatically as well. Being one of the market leaders, this index is important to those in the TSP stock funds.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Naz 100 is about 1% above it's 200-day EMA, and while sentimenTrader.com is talking about the 200-day SMA (Simple Moving Average) below, the bulls probably won't mind a push below the moving averages.
Chart provided courtesy of www.sentimentrader.com
As a comparison, here the Nasdaq 100 with the 200-day Simple Moving Average.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
In June it was certainly a good time to be a buyer. Are things different today? I guess we'll see if the buyers step up this time.
In June it was certainly a good time to be a buyer. Are things different today? I guess we'll see if the buyers step up this time.
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.
Stocks were positive for most of the day, but investors may have wanted more from the Fed because after the Fed policy statement was released, stocks lost ground. The Dow gave up 25-points.
[TABLE="width: 88%, align: center"]
[TR]
[TD="width: 241"]
[TD="align: center"] Daily TSP Funds Return[TABLE="width: 149"]
[TR]
[TD="align: right"] G-Fund:[/TD]
[TD="align: right"] 0.0036%[/TD]
[/TR]
[TR]
[TD="align: right"] F-fund:[/TD]
[TD="align: right"] -0.01%[/TD]
[/TR]
[TR]
[TD="align: right"] C-fund:[/TD]
[TD="align: right"] -0.31%[/TD]
[/TR]
[TR]
[TD="align: right"] S-fund:[/TD]
[TD="align: right"] -0.25%[/TD]
[/TR]
[TR]
[TD="align: right"] I-fund:[/TD]
[TD="align: right"] 0.20%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"] [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 closed lower on Wednesday but did manage to stay above Tuesday's low. That's some comfort but there were more concerns than comfort yesterday.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
I was singing the praises of the Dow Transportation Index in Wednesday's commentary, for it being up almost 1% on a day when the Dow lost well over 200-points. Well, it plunged 2% yesterday, adding to the confusion in this important index, which doesn't seem to be leading or lagging, but rather bouncing within a trading range for months now.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Nasdaq 100 Index, the large cap tech stock index, made a lower low yesterday and yesterday's action produced a negative outside day - not usually a good sign. But after the close today, Apple will report earnings.
Apple's earnings usually move the stock dramatically one way or the other, and because it is such a large part of the Nasdaq 100 Index, it will likely move this chart dramatically as well. Being one of the market leaders, this index is important to those in the TSP stock funds.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Naz 100 is about 1% above it's 200-day EMA, and while sentimenTrader.com is talking about the 200-day SMA (Simple Moving Average) below, the bulls probably won't mind a push below the moving averages.
Chart provided courtesy of www.sentimentrader.com
As a comparison, here the Nasdaq 100 with the 200-day Simple Moving Average.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
In June it was certainly a good time to be a buyer. Are things different today? I guess we'll see if the buyers step up this time.
In June it was certainly a good time to be a buyer. Are things different today? I guess we'll see if the buyers step up this time.
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.
