04/03/13
Stocks were mixed yesterday with the Dow gaining an impressive 89-points and the S&P picking up 0.5%, but the Transports and the small caps lagged badly, each closing with stiff losses.
[TABLE="width: 88%, align: center"]
[TR]
[TD]
[/TD]
[TD="align: center"]Daily TSP Funds Return[TABLE="width: 151"]
[TR]
[TD]G-Fund:[/TD]
[TD="align: right"]+0.0036%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]-0.05%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]+0.52%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]-0.42%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]+0.62%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 continued its chop making it 9 days in a row of down / up / down days. It made a new intraday and closing high, but does the chop mean a decline is scheduled for today (Wednesday)?
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
With the nice gains in the Dow and S&P, the surprise yesterday was the relative weakness in two of the index index leaders; the Dow Transportation Index and the small caps of the Russell 2000. They were the two big winners in the first quarter so investors were clearly selling the winners to start the 2nd quarter.
The Transportation Index fell 1.22% on the day...
Plus it broke below the 20-day EMA and the short-term rising support line.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Russell 2000 lost 0.48% yesterday...
And also fell below the 20-day EMA, but it held at the short-term rising support line.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The question is, with the normal followers - Dow and S&P 500 - follow these leaders down, or will investors buy the dips in the 2013 winners?
Waiting to see if the chop continues and if the buoyant indices are considering making the elusive pullback / correction. I did make a short term play in the stock funds toward the end of March but it was just a holiday seasonality play since I had an IFT left - and it didn't really work out for me. I'm back in patience mode for April, but the market is sure testing us who have been on the sidelines - trying to lure us in.
We get the March jobs report on Friday and the estimates are looking for a gain of 190,000 and an unemployment rate of 7.7% - no change from February's rate.
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 were mixed yesterday with the Dow gaining an impressive 89-points and the S&P picking up 0.5%, but the Transports and the small caps lagged badly, each closing with stiff losses.
[TABLE="width: 88%, align: center"]
[TR]
[TD]
[TD="align: center"]Daily TSP Funds Return[TABLE="width: 151"]
[TR]
[TD]G-Fund:[/TD]
[TD="align: right"]+0.0036%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]-0.05%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]+0.52%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]-0.42%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]+0.62%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 continued its chop making it 9 days in a row of down / up / down days. It made a new intraday and closing high, but does the chop mean a decline is scheduled for today (Wednesday)?
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
With the nice gains in the Dow and S&P, the surprise yesterday was the relative weakness in two of the index index leaders; the Dow Transportation Index and the small caps of the Russell 2000. They were the two big winners in the first quarter so investors were clearly selling the winners to start the 2nd quarter.
The Transportation Index fell 1.22% on the day...
Plus it broke below the 20-day EMA and the short-term rising support line.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Russell 2000 lost 0.48% yesterday...
And also fell below the 20-day EMA, but it held at the short-term rising support line.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The question is, with the normal followers - Dow and S&P 500 - follow these leaders down, or will investors buy the dips in the 2013 winners?
Waiting to see if the chop continues and if the buoyant indices are considering making the elusive pullback / correction. I did make a short term play in the stock funds toward the end of March but it was just a holiday seasonality play since I had an IFT left - and it didn't really work out for me. I'm back in patience mode for April, but the market is sure testing us who have been on the sidelines - trying to lure us in.
We get the March jobs report on Friday and the estimates are looking for a gain of 190,000 and an unemployment rate of 7.7% - no change from February's rate.
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.
