Stocks were mixed and the 65-point loss in the Dow didn't really represent the what was happening to the broader market indices. The S&P 500 only lost a couple of points while the small caps were up slightly. The I-fund was flat and bonds had a bounce back day.
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The S&P 500 (SPY) was flat. There's not much to report here. The sideways action isn't anything negative, particularly after the two strong days we saw leading up to Thursday, but the fact that the action slowed may be a sign that buyers were a little more reluctant to buy at these levels heading into earnings season.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Nasdaq had a decent day, making another new 52-week high, but that small gap is likely to get filled sooner rather than later.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The dollar was down yesterday and the volatility has picked up we have seen a series of gaps opening and closing. Despite a recent rising trend, it doesn't look too certain what it wants to do so I'm not sure I'd be trading the I-fund based on this until a more stable trend is created. I'm not saying I wouldn't play the I-fund at all - just not based on the dollar.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
For those who follow gold and silver, they have both been trying to put in a bottom and the pick up in volatility could be indicating a change in trend is coming, after breaking their short-term downtrends. The fact that they are both holding up, and making some short-term higher highs despite strength in the dollar, is actually bullish for both.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
After a 2-day pullback, bonds rallied gain on Thursday. They still have those open gaps to deal with, but they sure seem to be trying to hang onto their new ascending trends after breaking the descending trends on Monday.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
With bond prices rising, bond yields fell and these look like two bear flags that may be getting ready to breakdown, which would be bullish for bonds and the F-fund.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
From the tsp.gov website: Holiday Closing: Some financial markets will be closed on Monday, January 20th in observance of the Martin Luther King, Jr. holiday. The Thrift Savings Plan will also be closed. Transactions that would have been processed Monday night (January 20th) will be processed Tuesday night (January 21st), at Tuesday's closing share prices.
Read more in today's TSP Talk Plus Report. We post more charts and indicators, plus discuss the Sentiment Survey Results and its System. 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.
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[TR]
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[TD="align: center"]Daily TSP Funds Return
[TR]
[TD="align: right"]More returns [/TD]
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The S&P 500 (SPY) was flat. There's not much to report here. The sideways action isn't anything negative, particularly after the two strong days we saw leading up to Thursday, but the fact that the action slowed may be a sign that buyers were a little more reluctant to buy at these levels heading into earnings season.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Nasdaq had a decent day, making another new 52-week high, but that small gap is likely to get filled sooner rather than later.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The dollar was down yesterday and the volatility has picked up we have seen a series of gaps opening and closing. Despite a recent rising trend, it doesn't look too certain what it wants to do so I'm not sure I'd be trading the I-fund based on this until a more stable trend is created. I'm not saying I wouldn't play the I-fund at all - just not based on the dollar.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
For those who follow gold and silver, they have both been trying to put in a bottom and the pick up in volatility could be indicating a change in trend is coming, after breaking their short-term downtrends. The fact that they are both holding up, and making some short-term higher highs despite strength in the dollar, is actually bullish for both.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
After a 2-day pullback, bonds rallied gain on Thursday. They still have those open gaps to deal with, but they sure seem to be trying to hang onto their new ascending trends after breaking the descending trends on Monday.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
With bond prices rising, bond yields fell and these look like two bear flags that may be getting ready to breakdown, which would be bullish for bonds and the F-fund.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
From the tsp.gov website: Holiday Closing: Some financial markets will be closed on Monday, January 20th in observance of the Martin Luther King, Jr. holiday. The Thrift Savings Plan will also be closed. Transactions that would have been processed Monday night (January 20th) will be processed Tuesday night (January 21st), at Tuesday's closing share prices.
Read more in today's TSP Talk Plus Report. We post more charts and indicators, plus discuss the Sentiment Survey Results and its System. 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.
