Stocks rallied again on Thursday as Janet Yellen's confirmation hearing continued in Washington and investors liked what they heard. The Dow gained 55-points and we saw green in all of the TSP funds, including the bond fund.
[TABLE="width: 80%, align: center"]
[TR]
[TD="width: 300"]
[/TD]
[TD="align: center"] Daily TSP Funds Return[TABLE="width: 163"]
[TR]
[TD="width: 83, align: right"] G-Fund:[/TD]
[TD="width: 80, align: right"] +0.0056%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] F-fund:[/TD]
[TD="width: 80, align: right"] +0.24%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] C-fund:[/TD]
[TD="width: 80, align: right"] +0.50%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] S-fund:[/TD]
[TD="width: 80, align: right"] +0.23%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] I-fund:[/TD]
[TD="width: 80, align: right"] +0.30%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 69%, align: center"]
[TR]
[TD="align: right"] [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 gained another 0.5% yesterday and making another new high in the process. This looks like we could be starting a new leg higher, but it is in a big rising wedge formation, which are generally bearish.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Nasdaq popped its head into new high (52-week) territory yesterday, but this index lagged as Cisco's weak earnings and 11% on the day, held the index back some..
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Despite the S-fund being up, the small caps of the Russell 2000 were down yesterday. The S-fund actually consists of small and mid-cap stocks. The Russell is trying to get back to the highs it created in October. In a bull market we'd prefer to see the small caps outperforming as we've seen most of the year.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The dollar closed flat on the day and may be completing a bull flag formation. The recent pullback is about to test the 20 and 50-day EMAs, and should they hold, it looks like the bull flag may indicate another push higher is coming.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Bonds rallied yesterday basically filling the large recently opened gaps on both of these charts. Many times filling a gap acts as resistance so we'll have to see if this week's relief rally in bonds is about done.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
I posted this article in the forum yesterday where a renowned analyst said that we are seeing a generation selling opportunity for bonds, which have been in a long-term bull market for the last 40 years. Here's the article: http://www.cnbc.com/id/101192673
In today's TSP Talk Plus report we go over the ARMS Index, the Sentiment Survey results, plus compare those results to another popular survey. For more information on how to gain access and a list of the benefits of being a subscriber, please go to: www.tsptalk.com/plus.php
Thanks for reading! Have a great weekend!
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.
[TABLE="width: 80%, align: center"]
[TR]
[TD="width: 300"]
[TD="align: center"] Daily TSP Funds Return[TABLE="width: 163"]
[TR]
[TD="width: 83, align: right"] G-Fund:[/TD]
[TD="width: 80, align: right"] +0.0056%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] F-fund:[/TD]
[TD="width: 80, align: right"] +0.24%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] C-fund:[/TD]
[TD="width: 80, align: right"] +0.50%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] S-fund:[/TD]
[TD="width: 80, align: right"] +0.23%[/TD]
[/TR]
[TR]
[TD="width: 83, align: right"] I-fund:[/TD]
[TD="width: 80, align: right"] +0.30%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 69%, align: center"]
[TR]
[TD="align: right"] [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 gained another 0.5% yesterday and making another new high in the process. This looks like we could be starting a new leg higher, but it is in a big rising wedge formation, which are generally bearish.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Nasdaq popped its head into new high (52-week) territory yesterday, but this index lagged as Cisco's weak earnings and 11% on the day, held the index back some..
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Despite the S-fund being up, the small caps of the Russell 2000 were down yesterday. The S-fund actually consists of small and mid-cap stocks. The Russell is trying to get back to the highs it created in October. In a bull market we'd prefer to see the small caps outperforming as we've seen most of the year.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The dollar closed flat on the day and may be completing a bull flag formation. The recent pullback is about to test the 20 and 50-day EMAs, and should they hold, it looks like the bull flag may indicate another push higher is coming.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Bonds rallied yesterday basically filling the large recently opened gaps on both of these charts. Many times filling a gap acts as resistance so we'll have to see if this week's relief rally in bonds is about done.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
I posted this article in the forum yesterday where a renowned analyst said that we are seeing a generation selling opportunity for bonds, which have been in a long-term bull market for the last 40 years. Here's the article: http://www.cnbc.com/id/101192673
In today's TSP Talk Plus report we go over the ARMS Index, the Sentiment Survey results, plus compare those results to another popular survey. For more information on how to gain access and a list of the benefits of being a subscriber, please go to: www.tsptalk.com/plus.php
Thanks for reading! Have a great weekend!
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.
