03/20/13
Stocks opened higher yesterday, moved into negative territory in the afternoon, then climbed back, and in the Dow's case, closed in positive territory. The Dow gained 4-points while the TSP stock funds lost between 0.2% and 0.4% on the day.
[TABLE="width: 88%, align: center"]
[TR]
[TD]
[/TD]
[TD="align: center"]Daily TSP Funds Return[TABLE="width: 153"]
[TR]
[TD]G-Fund:[/TD]
[TD="align: right"]+0.0036%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]+0.17%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]-0.24%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]-0.41%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]-0.31%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 found support at the 20-day EMA yesterday before reversing direction and closing well of off the low. We still saw a second consecutive lower low and lower high, but 3 down days in a bull market means buy the dip, right? We'll see if it's "different this time."
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The one year chart shows the 20-day EMA support, but it also shows what looks like a topping formation up near the resistance line.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The PMO indicator has not given a sell signal yet, but this triple sell / buy / sell pattern above the -0- level looks to be repeating, and if we do get that sell signal, you can see what happened the last two times above.
The long-term chart shows three timeframes, all of which are moving upward, so this looks very bullish long-term - for whatever reason - but the short-term could still have some challenges.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Nasdaq 100 (large U.S. tech stocks) filled an open gap yesterday before rebounding and producing an outside day. Apple has perked up lately helping this index, which had been lagging the other market indices because of Apple's weakness this year.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
We mentioned commodities last week and how they tend to show weakness before the stock market indices. The strength in the dollar recently has put a lot of pressure on the price of commodities and now we see a break down from a large bear flag so the damage may not be done. This is a red flag for the stock market, particularly if this bear flag breakdown takes this fund below the early March low.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Fed raps up its FOMC meeting today and while we don't expect any changes in the interest rates, the Fed always has the ability to shake things up with an unexpected dovish or hawkish statement.
Administrative note: We are starting our annual March Madness contest. 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 higher yesterday, moved into negative territory in the afternoon, then climbed back, and in the Dow's case, closed in positive territory. The Dow gained 4-points while the TSP stock funds lost between 0.2% and 0.4% on the day.
[TABLE="width: 88%, align: center"]
[TR]
[TD]
[TD="align: center"]Daily TSP Funds Return[TABLE="width: 153"]
[TR]
[TD]G-Fund:[/TD]
[TD="align: right"]+0.0036%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]+0.17%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]-0.24%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]-0.41%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]-0.31%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 found support at the 20-day EMA yesterday before reversing direction and closing well of off the low. We still saw a second consecutive lower low and lower high, but 3 down days in a bull market means buy the dip, right? We'll see if it's "different this time."
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The one year chart shows the 20-day EMA support, but it also shows what looks like a topping formation up near the resistance line.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The PMO indicator has not given a sell signal yet, but this triple sell / buy / sell pattern above the -0- level looks to be repeating, and if we do get that sell signal, you can see what happened the last two times above.
The long-term chart shows three timeframes, all of which are moving upward, so this looks very bullish long-term - for whatever reason - but the short-term could still have some challenges.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Nasdaq 100 (large U.S. tech stocks) filled an open gap yesterday before rebounding and producing an outside day. Apple has perked up lately helping this index, which had been lagging the other market indices because of Apple's weakness this year.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
We mentioned commodities last week and how they tend to show weakness before the stock market indices. The strength in the dollar recently has put a lot of pressure on the price of commodities and now we see a break down from a large bear flag so the damage may not be done. This is a red flag for the stock market, particularly if this bear flag breakdown takes this fund below the early March low.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Fed raps up its FOMC meeting today and while we don't expect any changes in the interest rates, the Fed always has the ability to shake things up with an unexpected dovish or hawkish statement.
Administrative note: We are starting our annual March Madness contest. 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.
