11/23/12
I hope everyone enjoyed their Thanksgiving. Stocks moved higher in typical light volume holiday action on Wednesday. The Dow gained 48-points on the day.
[TABLE="width: 88%, align: center"]
[TR]
[TD="width: 241"]
[TD="align: center"] Daily TSP Funds Return[TABLE="width: 151"]
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[TD="align: right"] G-Fund:[/TD]
[TD="align: right"] 0.0036%[/TD]
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[TD="align: right"] F-fund:[/TD]
[TD="align: right"] -0.09%[/TD]
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[TD="align: right"] C-fund:[/TD]
[TD="align: right"] 0.23%[/TD]
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[TD="align: right"] S-fund:[/TD]
[TD="align: right"] 0.51%[/TD]
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[TR]
[TD="align: right"] I-fund:[/TD]
[TD="align: right"] 0.21%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
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[TD="align: right"] [/TD]
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It should be more of the same on Friday, and the markets close today (Friday) at 1 PM ET. However, the TSP is open and the deadline is still 12:00 noon ET.
Although I do have my concerns, the charts look really good after last week's reversals and the sentiment type indicators are still showing enough fear to keep stocks afloat. In Wednesday's commentary I spelled out those concerns if you want to review them.
You can see the nice rally off of a strong reversal, close enough to support to be a legitimate bottom, but there is resistance overhead and how that gets handled may determine what happens over the next week or so.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Subscribers to RevShark's TSP Timing may want to be on their toes. He mentioned to me the possibility of making a transfer Friday morning. An alert will go out as usual but since it feels like a holiday, I wanted to give you a heads up to the possible IFT.
Some of the other Premiums Services will be taking the day off if no system signals are given.
Thanks for reading, and have a great weekend!
Tom Crowley
Posted daily at TSP Talk Market Commentary
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