8/16/12
Quick update after another uneventful day. The Dow lost 7-points while the S&P added 1+.
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[TR]
[TD]
[TD="align: center"] Daily TSP Funds Return
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[TR]
[TD="align: right"] G-Fund:
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[TD="align: right"] 0.0036%
[/TD]
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[TR]
[TD="align: right"] F-fund:
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[TD="align: right"] -0.32%
[/TD]
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[TR]
[TD="align: right"] C-fund:
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[TD="align: right"] 0.15%
[/TD]
[/TR]
[TR]
[TD="align: right"] S-fund:
[/TD]
[TD="align: right"] 0.73%
[/TD]
[/TR]
[TR]
[TD="align: right"] I-fund:
[/TD]
[TD="align: right"] -0.33%
[/TD]
[/TR]
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[TR]
[TD="align: right"]
[/TD]
[/TR]
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[/TD]
[/TR]
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Same old story for the S&P 500 - rising wedge and a flat top looking for a break down or break out.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
This is the chart I posted yesterday of the Dow Transportation Index looking for a possible breakout from an inverted head and shoulders pattern...
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
And here is what happened...
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The only problem with this breakout is the complete lack of volume so I don't really trust it yet.
As I mentioned yesterday, my son is heading to college next week and I have some family coming in from out of town so I may be cutting the next several commentaries short as I spend more time with the family. The premium service reports will be posted everyday, but there may be some slight changes in the regular posting times, depending on my schedule. Sorry for any inconveniences this may cause.
Thanks for reading! We'll see you back here tomorrow.
Tom Crowley
Posted daily at www.tsptalk.com/comments.html
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