03/21/13
Stocks opened sharply higher yesterday, then drifted mostly sideways until the Fed meeting policy statement, which triggered another spike higher. The Dow closed up 56-points.
[TABLE="width: 88%, align: center"]
[TR]
[TD]
[/TD]
[TD="align: center"]Daily TSP Funds Return[TABLE="width: 156"]
[TR]
[TD]G-Fund:[/TD]
[TD="align: right"]+0.0043%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]-0.13%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]+0.67%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]+0.97%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]+0.39%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns[/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The Fed did not disappoint investors as this Fed assisted rally was given another boost of confidence keeping the S&P 500 and Dow near all-time highs.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Normally I'd say get on board the momentum train, but with the indices flirting with the top of their trading channels I can only sit on the sidelines and watch - and hope - that a healthy correction is not too much to ask for.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The dumb money has turned the corner in March and are finally showing signs of trying to join the party after being quite bearish near the end of February.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The smart money, on the other hand, have been getting more and more defensive and are close to 2 to 1 put / call ratio on the 10-day moving average. This doesn't necessarily mean they are selling stocks, but they are buying put options that will offset any losses that the market would produce if and when there is a pullback.
I've got to cut this short today (Wednesday night). I'm heading to an NCAA basketball tournament game for our local team, and the next two days are like a holiday to immature sports fans like myself who enjoy the NCAA March Madness tournament, so my commentary may be brief tomorrow as well - unless something significant happens.
Administrative note: We are starting our annual March Madness contest. Deadline is 12:15 PM ET on Thursday. For more info, see THIS POST in the forum.
Thanks for reading! We'll see you 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 opened sharply higher yesterday, then drifted mostly sideways until the Fed meeting policy statement, which triggered another spike higher. The Dow closed up 56-points.
[TABLE="width: 88%, align: center"]
[TR]
[TD]
[TD="align: center"]Daily TSP Funds Return[TABLE="width: 156"]
[TR]
[TD]G-Fund:[/TD]
[TD="align: right"]+0.0043%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]-0.13%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]+0.67%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]+0.97%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]+0.39%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns[/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The Fed did not disappoint investors as this Fed assisted rally was given another boost of confidence keeping the S&P 500 and Dow near all-time highs.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Normally I'd say get on board the momentum train, but with the indices flirting with the top of their trading channels I can only sit on the sidelines and watch - and hope - that a healthy correction is not too much to ask for.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The dumb money has turned the corner in March and are finally showing signs of trying to join the party after being quite bearish near the end of February.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The smart money, on the other hand, have been getting more and more defensive and are close to 2 to 1 put / call ratio on the 10-day moving average. This doesn't necessarily mean they are selling stocks, but they are buying put options that will offset any losses that the market would produce if and when there is a pullback.
I've got to cut this short today (Wednesday night). I'm heading to an NCAA basketball tournament game for our local team, and the next two days are like a holiday to immature sports fans like myself who enjoy the NCAA March Madness tournament, so my commentary may be brief tomorrow as well - unless something significant happens.
Administrative note: We are starting our annual March Madness contest. Deadline is 12:15 PM ET on Thursday. For more info, see THIS POST in the forum.
Thanks for reading! We'll see you 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.
