Stocks bounce back after Monday's sell-off. The Dow gained 103-points, more than making up for Monday's losses, while the S&P 500 filled its open gap, but did not quite get all its Monday losses back. Small caps had a good day buy only recovered about half of Monday's decline.
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The EFA was up slightly but the I-fund was flat because of Monday's price coming in higher than we expected. Bonds were down sharply.
The bears were in charge on Monday but they were pushed aside on Tuesday and the SPY (S&P 500 / C-fund) filled its small open gap and nudged slightly above the blue neckline resistance. Where it heads from here is key. The resistance line can be draw a little thicker because of the many peaks that can be connected, so I won't get too concerned by the minor breaks and breakdowns, but rather the big move above or below the blue line - whichever way that is going to be.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The Wilshire 4500 (S-fund) was up 0.67% on Tuesday but you can see it barely made it half way up the Monday downside bar. It did close back above the 20-day EMA which is a plus.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The EFA (EAFE Index / I-fund) was up slightly (although the I-fund was flat) but was held back a little by more strength in the dollar. I'm waiting to see which way this one wants to break - above the 200-day EMA, or below the 50-day EMA. It's currently in a rising short-term trend within a larger descending trend in a bear market.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The Dow Transportation Index rebounded 1.23% yesterday, but like the small caps, that was just a fraction of the nearly 3% decline it experienced on Monday. It remains below some key resistance, but above the 20-day EMA.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The AGG (Bonds / F-fund) fell yesterday following through on Monday's negative reversal day.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The yield on the 10-year Treasury, which moves counter to bond prices, is now testing some upper resistance in the form of the 20-day EMA, the 50-day EMA, and the descending resistance line. A breakout to the upside would be bearish for bonds and the F-fund.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
Administrative Note: It's that time of year again. We're getting prepared to roll over the 2014 AutoTracker accounts into 2015! We will only copy the active 2014 accounts, so don't be left out!
If you have not logged into the AutoTracker in the last 60 days or more, it's time to do so or you will risk not having your account rolled into 2015.
To login, go to TSP Talk AutoTracker , or... click here.
For more information about the AutoTracker see: AutoTracker Rules - and how to get started
To go to the main AutoTracker page, go here: TSP Talk AutoTracker
Any inactive accounts, accounts that have been inactive for more than 90-days, will not roll over on January 1.
Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss the Sentiment Survey Results and the allocations of the TSP and ETF Systems. 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! 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.
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The EFA was up slightly but the I-fund was flat because of Monday's price coming in higher than we expected. Bonds were down sharply.
The bears were in charge on Monday but they were pushed aside on Tuesday and the SPY (S&P 500 / C-fund) filled its small open gap and nudged slightly above the blue neckline resistance. Where it heads from here is key. The resistance line can be draw a little thicker because of the many peaks that can be connected, so I won't get too concerned by the minor breaks and breakdowns, but rather the big move above or below the blue line - whichever way that is going to be.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The Wilshire 4500 (S-fund) was up 0.67% on Tuesday but you can see it barely made it half way up the Monday downside bar. It did close back above the 20-day EMA which is a plus.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The EFA (EAFE Index / I-fund) was up slightly (although the I-fund was flat) but was held back a little by more strength in the dollar. I'm waiting to see which way this one wants to break - above the 200-day EMA, or below the 50-day EMA. It's currently in a rising short-term trend within a larger descending trend in a bear market.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The Dow Transportation Index rebounded 1.23% yesterday, but like the small caps, that was just a fraction of the nearly 3% decline it experienced on Monday. It remains below some key resistance, but above the 20-day EMA.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The AGG (Bonds / F-fund) fell yesterday following through on Monday's negative reversal day.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The yield on the 10-year Treasury, which moves counter to bond prices, is now testing some upper resistance in the form of the 20-day EMA, the 50-day EMA, and the descending resistance line. A breakout to the upside would be bearish for bonds and the F-fund.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
Administrative Note: It's that time of year again. We're getting prepared to roll over the 2014 AutoTracker accounts into 2015! We will only copy the active 2014 accounts, so don't be left out!
If you have not logged into the AutoTracker in the last 60 days or more, it's time to do so or you will risk not having your account rolled into 2015.
To login, go to TSP Talk AutoTracker , or... click here.
For more information about the AutoTracker see: AutoTracker Rules - and how to get started
To go to the main AutoTracker page, go here: TSP Talk AutoTracker
Any inactive accounts, accounts that have been inactive for more than 90-days, will not roll over on January 1.
Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss the Sentiment Survey Results and the allocations of the TSP and ETF Systems. 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! 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.
