12/28/12
First off, I want to apologize for the recent technical problems. We were in the process of moving the site onto different servers and we had some slow times and down times. Hopefully that is behind us.
The market also had some slow and down times yesterday, but it managed to right itself and finish well off of the lows. The Dow lost 18-points after being down about 150 earlier.
[TABLE="width: 88%, align: center"]
[TR]
[TD]
[/TD]
[TD="align: center"]Daily TSP Funds Return[TABLE="width: 155"]
[TR]
[TD]G-Fund:[/TD]
[TD="align: right"]0.0036%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]0.18%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]-0.10%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]-0.05%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]0.18%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
We know that volume is on the low side this week, the fiscal cliff talks are pushing the indices around, and the chance to sell at the lower long-term capital gains rate is getting short, so what we can expect over the next couple of days is a mystery to me.
We had a great positive reversal day yesterday (Thursday) with the indices closing near their highs, but whether we can trust this normally strong chart formation may depend on Washington - and who wants to depend on Washington?
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The S&P 500 fell hard through the 50-day EMA intraday, but managed to close back above it.
The Dow Transportation Index was having a bad day on Thursday as well, but it hit the 20-day EMA and bounced off that support and if the reversal day comes through, we should see higher prices today (Friday.)
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Since seasonality is such a big part of the Christmas / New Years week, I will continue to post these charts, despite the recent results.
Chart provided courtesy of www.sentimentrader.com
And here is the New Years Day holiday chart...
Chart provided courtesy of www.sentimentrader.com
The strong holiday seasonality hasn't been very helpful for stocks so far this year, but if a deal on the fiscal cliff can get announced, there could be a lot of money on the sidelines that wants a piece of the action.
That's all for today. I've been trying to have a semi-vacation this week but it didn't quite work out that way, although I have kept the commentaries brief.
Administrative Note: It's that time of year again. We will be rolling over the 2012 AutoTracker accounts into 2013 so if you don't already have an account on the AutoTracker and wish to be on it in 2013, now would be a good time to get started. You do need to have a Forum account to get on the AutoTracker. For more information on how to get started, click here. (If you have an active AutoTracker account, you do not need to join again.)
Thanks for reading! Have a great weekend!
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.
First off, I want to apologize for the recent technical problems. We were in the process of moving the site onto different servers and we had some slow times and down times. Hopefully that is behind us.
The market also had some slow and down times yesterday, but it managed to right itself and finish well off of the lows. The Dow lost 18-points after being down about 150 earlier.
[TABLE="width: 88%, align: center"]
[TR]
[TD]
[TD="align: center"]Daily TSP Funds Return[TABLE="width: 155"]
[TR]
[TD]G-Fund:[/TD]
[TD="align: right"]0.0036%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]0.18%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]-0.10%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]-0.05%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]0.18%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
We know that volume is on the low side this week, the fiscal cliff talks are pushing the indices around, and the chance to sell at the lower long-term capital gains rate is getting short, so what we can expect over the next couple of days is a mystery to me.
We had a great positive reversal day yesterday (Thursday) with the indices closing near their highs, but whether we can trust this normally strong chart formation may depend on Washington - and who wants to depend on Washington?
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The S&P 500 fell hard through the 50-day EMA intraday, but managed to close back above it.
The Dow Transportation Index was having a bad day on Thursday as well, but it hit the 20-day EMA and bounced off that support and if the reversal day comes through, we should see higher prices today (Friday.)
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Since seasonality is such a big part of the Christmas / New Years week, I will continue to post these charts, despite the recent results.
Chart provided courtesy of www.sentimentrader.com
And here is the New Years Day holiday chart...
Chart provided courtesy of www.sentimentrader.com
The strong holiday seasonality hasn't been very helpful for stocks so far this year, but if a deal on the fiscal cliff can get announced, there could be a lot of money on the sidelines that wants a piece of the action.
That's all for today. I've been trying to have a semi-vacation this week but it didn't quite work out that way, although I have kept the commentaries brief.
Administrative Note: It's that time of year again. We will be rolling over the 2012 AutoTracker accounts into 2013 so if you don't already have an account on the AutoTracker and wish to be on it in 2013, now would be a good time to get started. You do need to have a Forum account to get on the AutoTracker. For more information on how to get started, click here. (If you have an active AutoTracker account, you do not need to join again.)
Thanks for reading! Have a great weekend!
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.
