03/27/13
Stocks rallied strongly yesterday making it 6 straight days of back and forth action - loss, gain, loss, gain, etc. The Dow gained 112-points and it made a new high.
[TABLE="width: 88%, align: center"]
[TR]
[TD]
[/TD]
[TD="align: center"]Daily TSP Funds Return[TABLE="width: 148"]
[TR]
[TD]G-Fund:[/TD]
[TD="align: right"]+0.0036%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]+0.02%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]+0.81%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]+0.57%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]-0.09%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 is pushing against its recent highs as well, and the last two times we saw "cup" formations like we are seeing now, the S&P broke out to new highs. It may happen again, and holiday seasonality may assist it, but volume was light on the big up day yesterday and...
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
... It still looks like an intermediate-term top is trying to form.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The short-term indicators seem to have bottomed and are heading up again, which is bullish...
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
But when you look and the moving averages, which are longer-term readings, the indicators are more "toppy". This backs up the short and intermediate-term charts of the S&P 500.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
I posted this late yesterday so some of you may not have seen it. It's the Good Friday seasonality charts.
Chart provided courtesy of www.sentimentrader.com
While the end of March isn't always very strong, Good Friday seasonality suggests a positive bias the rest of this week and, after a 1-day post Easter negative Monday, we get a couple more positive bias days.
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 rallied strongly yesterday making it 6 straight days of back and forth action - loss, gain, loss, gain, etc. The Dow gained 112-points and it made a new high.
[TABLE="width: 88%, align: center"]
[TR]
[TD]
[TD="align: center"]Daily TSP Funds Return[TABLE="width: 148"]
[TR]
[TD]G-Fund:[/TD]
[TD="align: right"]+0.0036%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]+0.02%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]+0.81%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]+0.57%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]-0.09%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 is pushing against its recent highs as well, and the last two times we saw "cup" formations like we are seeing now, the S&P broke out to new highs. It may happen again, and holiday seasonality may assist it, but volume was light on the big up day yesterday and...
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
... It still looks like an intermediate-term top is trying to form.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The short-term indicators seem to have bottomed and are heading up again, which is bullish...
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
But when you look and the moving averages, which are longer-term readings, the indicators are more "toppy". This backs up the short and intermediate-term charts of the S&P 500.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
I posted this late yesterday so some of you may not have seen it. It's the Good Friday seasonality charts.
Chart provided courtesy of www.sentimentrader.com
While the end of March isn't always very strong, Good Friday seasonality suggests a positive bias the rest of this week and, after a 1-day post Easter negative Monday, we get a couple more positive bias days.
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.
