2/19/13
Stocks survived a mid-afternoon sell-off on Friday, to close strongly and near the breakeven market for a fifth straight day. While the Dow ended the day up 8-points, all the TSP funds, except the G-fund, finished slightly in the red, possibly for the first time this year.
[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"]+0.0043%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]-0.03%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]-0.10%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]-0.12%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]-0.56%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The I-fund has been lagging due to the recent strength in the dollar.
The action continues to be dull and lack any kind of volatility. It's a tough environment to trade so the buy and hold investors are having their day in the sun, but we know that won't last forever.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The market's trend is not something we want to fight too hard, but those in cash or bonds (G / F fund) just have to be patient because this is such a tough area to be a buyer. The indices have gone up relentlessly for weeks with barely a dip, but the there is resistance just overhead.
We talked about how the dips being bought because so many folks were in cash when the market shot up on December 31 and January 2, so every sign of weakness has been bought since. But now this intermediate-term resistance looms overhead and it will be interesting to see if the buyers are still willing to buy dips of less than 1% or 2%.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Dow has been having a heck of time trying to get, and remain above the psychological 14,000 level. The 20-day EMA is rising below the index so we'll have to see which will break first, the 20-day EMA or 14,000.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The market's dull action continues to make it tough to find something interesting to talk about. This week we get a lot of housing data so perhaps they will trigger some much needed volatility for the traders out there.
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.
Stocks survived a mid-afternoon sell-off on Friday, to close strongly and near the breakeven market for a fifth straight day. While the Dow ended the day up 8-points, all the TSP funds, except the G-fund, finished slightly in the red, possibly for the first time this year.
[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"]+0.0043%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]-0.03%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]-0.10%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]-0.12%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]-0.56%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The I-fund has been lagging due to the recent strength in the dollar.
The action continues to be dull and lack any kind of volatility. It's a tough environment to trade so the buy and hold investors are having their day in the sun, but we know that won't last forever.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The market's trend is not something we want to fight too hard, but those in cash or bonds (G / F fund) just have to be patient because this is such a tough area to be a buyer. The indices have gone up relentlessly for weeks with barely a dip, but the there is resistance just overhead.
We talked about how the dips being bought because so many folks were in cash when the market shot up on December 31 and January 2, so every sign of weakness has been bought since. But now this intermediate-term resistance looms overhead and it will be interesting to see if the buyers are still willing to buy dips of less than 1% or 2%.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Dow has been having a heck of time trying to get, and remain above the psychological 14,000 level. The 20-day EMA is rising below the index so we'll have to see which will break first, the 20-day EMA or 14,000.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The market's dull action continues to make it tough to find something interesting to talk about. This week we get a lot of housing data so perhaps they will trigger some much needed volatility for the traders out there.
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.
