Stocks rallied for a third straight day on Friday, after the "no more negotiations" announcement from President Trump on Tuesday. The Dow gained 161-points and mostly green across the indices. The Nasdaq led as large tech comes back to life after lagging for a while. This has helped some of the charts that we watch breakout from their bullish patterns.
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It was another day of stimulus optimism on Wall Street, or so the pundits would have you believe. It might be true but we've seen the bullish formation develop on the charts and they have been playing out nicely.
OK, I just had a "duh" moment. I wasn't planning on doing a commentary for Monday since it's a TSP holiday, but I started to some chart and analysis gathering for Tuesday. Not thinking, I just remembered that these charts will change for Tuesday because the stock market is actually open on Monday despite the holiday, so they will not be very useful for Tuesday.
I need the day off too so, rather than waste what I gathered, I will just post some charts here that I put together and if you happen to be reading on Monday, maybe they will do you some good, but I won't add any commentary until Tuesday's report.
Enjoy your day off on Monday!
The S&P 500 (C-fund)
The Equal Weighted S&P 500
The Weekly S&P 500 chart
The DWCPF (S-fund)
The Dow Transportation Index
The EFA (I-fund)
The High Yield Corporate Bond Fund (HYG)
The short-term index
The Volatility Index
BND (F-fund)
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
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.
[TABLE="align: center"]
[TR]
[TD="align: center"] Daily TSP Funds Return
[TR]
[TD="align: right"] [/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[TD="align: center"]
[/TR]
[/TABLE]
It was another day of stimulus optimism on Wall Street, or so the pundits would have you believe. It might be true but we've seen the bullish formation develop on the charts and they have been playing out nicely.
OK, I just had a "duh" moment. I wasn't planning on doing a commentary for Monday since it's a TSP holiday, but I started to some chart and analysis gathering for Tuesday. Not thinking, I just remembered that these charts will change for Tuesday because the stock market is actually open on Monday despite the holiday, so they will not be very useful for Tuesday.
I need the day off too so, rather than waste what I gathered, I will just post some charts here that I put together and if you happen to be reading on Monday, maybe they will do you some good, but I won't add any commentary until Tuesday's report.
Enjoy your day off on Monday!
The S&P 500 (C-fund)
The Equal Weighted S&P 500
The Weekly S&P 500 chart
The DWCPF (S-fund)
The Dow Transportation Index
The EFA (I-fund)
The High Yield Corporate Bond Fund (HYG)
The short-term index
The Volatility Index
BND (F-fund)
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
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.
