06/07/12
Stocks rallied sharply yesterday as the Dow gained 287-points on the day. The S&P 500 did its best to regain the 200-day EMA, but it's close.
[TABLE="align: center"]
[TR]
[TD]
[TD="align: center"] Daily TSP Funds Return
[TABLE="align: center"]
[TR]
[TD="align: right"] G-Fund:
[/TD]
[TD] +0.004%
[/TD]
[/TR]
[TR]
[TD="align: right"] F-fund:
[/TD]
[TD] - 0.24%
[/TD]
[/TR]
[TR]
[TD="align: right"] C-fund:
[/TD]
[TD] +2.33%
[/TD]
[/TR]
[TR]
[TD="align: right"] S-fund:
[/TD]
[TD] +2.39%
[/TD]
[/TR]
[TR]
[TD="align: right"] I-fund:
[/TD]
[TD] +3.24%
[/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 is now above both the 200-day SMA and the 200-day EMA, both keys to a successful bottom.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
As always, I'll want to see 3 to5 closes above the two moving averages before getting comfortable. So far so good with day 1.
As I mentioned yesterday, I am going to be busy the rest of the week so my participation and support may be a little on the sporadic side. I will get the premium services updated each day, hopefully on time, but the daily commentary and weekly wrap up may be brief. I will also update the AutoTracker each day but again, it could be later than usual. Sorry for any inconveniences this may cause.
Thanks for reading! We'll see you tomorrow.
Tom Crowley
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