Stocks were down on Tuesday after Monday's big rally. The lower low was an eye opener but when you look at the charts it could just be another bull flag forming. The Dow lost 85-points on the day and all of the TSP funds (except for G) lost ground.
I really appreciate your patience while I have been out of commission this week. I should be back in the office full-time by Thursday morning, but I have to make this quick today. I always try to respond to emails and questions as quickly as possible, but I won't have access to my computer much during the day over the next couple of days.
For Plus subscribers, there's no changes today.
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The SPY (S&P 500 / C-fund) has wobbled the last few of days but it's too early too say if this is anything serious. As it stands now, it looks like a bull flag in a bull market so we shouldn't be too concerned, but if the bull flag breaks to the downside, which would be rare, then we'd have a different situation, but until then, buy the dips in bull markets.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The AGG (Bonds / F-fund) may have broken down out of a bear flag so be care if playing the F-fund.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
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.
