05/07/13
Stocks were mixed on Monday as the Dow was down slightly, the S&P 500 gained 3-points, the Nasdaq, small caps and the Transportation Index saw decent gains, and the international stocks lost ground.
[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"]+0.0114%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]-0.10%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]+0.19%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]+0.58%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]-0.21%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 remains near the top of its short and intermediate-term trading channels, and yesterday's 3-point gain was another closing high for the index.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The smalls caps, which were lagging, shot up to finally close above the March highs, many weeks after the S&P and Dow had done so.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Same for the Dow Transportation Index. New intraday and closing high.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The NYSE overbought / oversold indicator has been hanging around the +750 area. Looking back over the last several years, this area has produced some short-term tops, but almost as often we saw market rallies resume.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
+750 is definitely overbought, but not quite the extreme +1000 level we see occasionally.
Bonds were down again yesterday, but the two-day pullback has now filled a gap that had been left open back in early April.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Most of the open gaps on this TLT bond chart have been filled, except for the one created after the jobs report announcement last Friday. The 50-day EMA held on Monday so this looks like a good place for a little bounce in bonds.
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 were mixed on Monday as the Dow was down slightly, the S&P 500 gained 3-points, the Nasdaq, small caps and the Transportation Index saw decent gains, and the international stocks lost ground.
[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"]+0.0114%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]-0.10%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]+0.19%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]+0.58%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]-0.21%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 remains near the top of its short and intermediate-term trading channels, and yesterday's 3-point gain was another closing high for the index.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The smalls caps, which were lagging, shot up to finally close above the March highs, many weeks after the S&P and Dow had done so.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Same for the Dow Transportation Index. New intraday and closing high.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The NYSE overbought / oversold indicator has been hanging around the +750 area. Looking back over the last several years, this area has produced some short-term tops, but almost as often we saw market rallies resume.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
+750 is definitely overbought, but not quite the extreme +1000 level we see occasionally.
Bonds were down again yesterday, but the two-day pullback has now filled a gap that had been left open back in early April.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Most of the open gaps on this TLT bond chart have been filled, except for the one created after the jobs report announcement last Friday. The 50-day EMA held on Monday so this looks like a good place for a little bounce in bonds.
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.
