Stocks were flat to modestly negative yesterday as investors wait for some news from the Fed today (Wednesday). The Dow dropped 9-points while the S&P 500 and I-fund saw stiffer losses, and bonds rallied.
[TABLE="width: 80%, align: center"]
[TR]
[TD="width: 300"]
[/TD]
[TD="align: center"] Daily TSP Funds Return[TABLE="width: 163"]
[TR]
[TD="width: 83, align: right"] G-Fund:[/TD]
[TD="width: 80, align: right"] +0.0063%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] F-fund:[/TD]
[TD="width: 80, align: right"] +0.19%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] C-fund:[/TD]
[TD="width: 80, align: right"] -0.31%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] S-fund:[/TD]
[TD="width: 80, align: right"] -0.01%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] I-fund:[/TD]
[TD="width: 80, align: right"] -0.43%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 69%, align: center"]
[TR]
[TD="align: right"] [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 (SPY) did fill that small open gap yesterday as we suspected, and it is still below the old support line of the short-term rising trading channel.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Dow is still in a small downtrend here, but as we talked about this week, this type of resistance has not been trouble for the indices all year.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The December and Christmas seasonality charts show that there is some choppy action leading up to the day before Christmas, which is when the real seasonal strength kicks off. Monday's big gains occurred on day #11 but this chart was expecting something like that on day #12. Today is the 13th trading day of the month, but are we just a day off? If you look at it from how many trading days there are left in December, today would be day #14 instead of 13.
Chart provided courtesy of www.sentimentrader.com, analysis by TSP Talk
Today is day -5 on this seasonality chart surrounding Christmas day, and you can see things are a bit choppy until the day before Christmas. Christmas Eve, next Tuesday, is a short trading day, closing at 1 PM ET, and it has a pretty consistent positive bias.
Chart provided courtesy of www.sentimentrader.com, analysis by TSP Talk
Bonds are having a good old time chopping around the support levels for the last two-weeks keeping the bulls and bears guessing which way they are going to break. The chart formations says down. The sentiment indicators suggest up.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
See you after the Fed announcement.
In today's TSP Talk Plus Report we look at some indicators and a couple more charts. 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 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.
[TABLE="width: 80%, align: center"]
[TR]
[TD="width: 300"]
[TD="align: center"] Daily TSP Funds Return[TABLE="width: 163"]
[TR]
[TD="width: 83, align: right"] G-Fund:[/TD]
[TD="width: 80, align: right"] +0.0063%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] F-fund:[/TD]
[TD="width: 80, align: right"] +0.19%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] C-fund:[/TD]
[TD="width: 80, align: right"] -0.31%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] S-fund:[/TD]
[TD="width: 80, align: right"] -0.01%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] I-fund:[/TD]
[TD="width: 80, align: right"] -0.43%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 69%, align: center"]
[TR]
[TD="align: right"] [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 (SPY) did fill that small open gap yesterday as we suspected, and it is still below the old support line of the short-term rising trading channel.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Dow is still in a small downtrend here, but as we talked about this week, this type of resistance has not been trouble for the indices all year.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The December and Christmas seasonality charts show that there is some choppy action leading up to the day before Christmas, which is when the real seasonal strength kicks off. Monday's big gains occurred on day #11 but this chart was expecting something like that on day #12. Today is the 13th trading day of the month, but are we just a day off? If you look at it from how many trading days there are left in December, today would be day #14 instead of 13.
Chart provided courtesy of www.sentimentrader.com, analysis by TSP Talk
Today is day -5 on this seasonality chart surrounding Christmas day, and you can see things are a bit choppy until the day before Christmas. Christmas Eve, next Tuesday, is a short trading day, closing at 1 PM ET, and it has a pretty consistent positive bias.
Chart provided courtesy of www.sentimentrader.com, analysis by TSP Talk
Bonds are having a good old time chopping around the support levels for the last two-weeks keeping the bulls and bears guessing which way they are going to break. The chart formations says down. The sentiment indicators suggest up.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
See you after the Fed announcement.
In today's TSP Talk Plus Report we look at some indicators and a couple more charts. 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 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.
