07/24/13
Although the Dow gained 22-points yesterday, stocks were mostly lower on the day as the S&P 500, Nasdaq, small caps, and in particular the Transportation Index, were all down. The I-fund held onto a small gain as the dollar fell again.
[TABLE="width: 88%, align: center"]
[TR]
[TD="width: 305"]
[/TD]
[TD="align: center"] Daily TSP Funds Return[TABLE="width: 154"]
[TR]
[TD="align: right"] G-Fund:[/TD]
[TD="align: right"] +0.0057%[/TD]
[/TR]
[TR]
[TD="align: right"] F-fund:[/TD]
[TD="align: right"] -0.10%[/TD]
[/TR]
[TR]
[TD="align: right"] C-fund:[/TD]
[TD="align: right"] -0.18%[/TD]
[/TR]
[TR]
[TD="align: right"] S-fund:[/TD]
[TD="align: right"] -0.11%[/TD]
[/TR]
[TR]
[TD="align: right"] I-fund:[/TD]
[TD="align: right"] +0.08%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"] [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
After the close Apple posted a better than expected earnings report. Apple has been beaten down over the last year so expectations have not been very high. The beat helped the stock rally 4% in after hours trading which, if it holds, should help the Nasdaq today.
The S&P 500 was down slightly but support continues to hold. Nothing more to report here. We're looking for some kind of shake up as the rally gets a little long in the tooth.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The leader Transportation Index had a bad day losing nearly 1%. It is now back below the May high and testing the rising support line so today's action is an important one as far as the short-term trend goes.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
As mentioned, the Nasdaq should get some assistance from Apple's earnings report, although I'd be surprised if that open gap does not get filled soon - now that it is back below the May high and below the rising support line.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The indicators are off their extreme overbought levels and are actually trying to curl back up. They are still overbought so there may be a little more consolidation in store for stocks.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The dumb money is getting more bullish each day, based on the put / call ratio, while the smart money continues to lean toward adding protection to their accounts.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
This is a moving average and a sharp one-day spike lower for the smart money that happened earlier this month (10 days ago), will be coming off the 10 day average today so, depending on what happens to stocks today, the smart money ratio may actually curl up some.
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.
Although the Dow gained 22-points yesterday, stocks were mostly lower on the day as the S&P 500, Nasdaq, small caps, and in particular the Transportation Index, were all down. The I-fund held onto a small gain as the dollar fell again.
[TABLE="width: 88%, align: center"]
[TR]
[TD="width: 305"]
[TD="align: center"] Daily TSP Funds Return[TABLE="width: 154"]
[TR]
[TD="align: right"] G-Fund:[/TD]
[TD="align: right"] +0.0057%[/TD]
[/TR]
[TR]
[TD="align: right"] F-fund:[/TD]
[TD="align: right"] -0.10%[/TD]
[/TR]
[TR]
[TD="align: right"] C-fund:[/TD]
[TD="align: right"] -0.18%[/TD]
[/TR]
[TR]
[TD="align: right"] S-fund:[/TD]
[TD="align: right"] -0.11%[/TD]
[/TR]
[TR]
[TD="align: right"] I-fund:[/TD]
[TD="align: right"] +0.08%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"] [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
After the close Apple posted a better than expected earnings report. Apple has been beaten down over the last year so expectations have not been very high. The beat helped the stock rally 4% in after hours trading which, if it holds, should help the Nasdaq today.
The S&P 500 was down slightly but support continues to hold. Nothing more to report here. We're looking for some kind of shake up as the rally gets a little long in the tooth.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The leader Transportation Index had a bad day losing nearly 1%. It is now back below the May high and testing the rising support line so today's action is an important one as far as the short-term trend goes.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
As mentioned, the Nasdaq should get some assistance from Apple's earnings report, although I'd be surprised if that open gap does not get filled soon - now that it is back below the May high and below the rising support line.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The indicators are off their extreme overbought levels and are actually trying to curl back up. They are still overbought so there may be a little more consolidation in store for stocks.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The dumb money is getting more bullish each day, based on the put / call ratio, while the smart money continues to lean toward adding protection to their accounts.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
This is a moving average and a sharp one-day spike lower for the smart money that happened earlier this month (10 days ago), will be coming off the 10 day average today so, depending on what happens to stocks today, the smart money ratio may actually curl up some.
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.
