Stocks were very flat on Tuesday with the Dow, S&P 500, and the EFA all up 0.03%. The Nasdaq was up a modest 0.19%, and the small caps of our S-fund were down 0.19%. Symmetry, I guess. Meanwhile the BND bond fund ETF was up 0.05%. The dollar and bonds were up.
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I had a very busy day yesterday, topped off with a bunch of technical issues on the site so not only didn't I get a good feel for what was going on yesterday in the market, but I didn't have a lot time to write about it if I did.
Fortunately it looks like it was one of the flattest days that we've seen in a while as we wrap up the second quarter. So, my apologies, but I am going to have to make this vey quick today. Since the charts barely moved from Monday, I won't even update the index charts, but if you missed Monday's commentary, I did a lot of bloviating there so you can go back and check that here. Or TSP Talk Plus subscribers can just pull up Monday's report via the premium area's menu.
Seeing those flat returns yesterday, I only had to look at the cart of the dollar to see what may have been holding things back a little. The UUP chart broke to the upside of that bull flag. It didn't quite close above the 200-day EMA or push above the flag pole high from back on 6/18, but it is showing signs of life, and that may put some pressure on prices if it continues higher.
Treasury yields were up slightly yesterday, but continue to hold near recent lows, which is keeping bond prices and the F-fund afloat.
The VIX was up on a day stocks were also slightly higher, so that maybe a yellow flag, but it's just one day so it may not mean anything yet.
Again, sorry for the brief update. I'll leave you with the seasonality chart for July:
Chart provided courtesy of www.sentimentrader.com
Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss 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
For more info our other premium services, please go here... www.tsptalk.com/premiums.html
To get weekly or daily notifications when we post new commentary, sign up HERE.
Thanks for reading. We'll see you back here tomorrow.
Tom Crowley
Posted daily at www.tsptalk.com/comments.php
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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I had a very busy day yesterday, topped off with a bunch of technical issues on the site so not only didn't I get a good feel for what was going on yesterday in the market, but I didn't have a lot time to write about it if I did.
Fortunately it looks like it was one of the flattest days that we've seen in a while as we wrap up the second quarter. So, my apologies, but I am going to have to make this vey quick today. Since the charts barely moved from Monday, I won't even update the index charts, but if you missed Monday's commentary, I did a lot of bloviating there so you can go back and check that here. Or TSP Talk Plus subscribers can just pull up Monday's report via the premium area's menu.
Seeing those flat returns yesterday, I only had to look at the cart of the dollar to see what may have been holding things back a little. The UUP chart broke to the upside of that bull flag. It didn't quite close above the 200-day EMA or push above the flag pole high from back on 6/18, but it is showing signs of life, and that may put some pressure on prices if it continues higher.
Treasury yields were up slightly yesterday, but continue to hold near recent lows, which is keeping bond prices and the F-fund afloat.
The VIX was up on a day stocks were also slightly higher, so that maybe a yellow flag, but it's just one day so it may not mean anything yet.
Again, sorry for the brief update. I'll leave you with the seasonality chart for July:
Chart provided courtesy of www.sentimentrader.com
Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss 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
For more info our other premium services, please go here... www.tsptalk.com/premiums.html
To get weekly or daily notifications when we post new commentary, sign up HERE.
Thanks for reading. We'll see you back here tomorrow.
Tom Crowley
Posted daily at www.tsptalk.com/comments.php
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.
