Weekly TSP Wrap-up from TSP Talk
Testing the Low end of the range
There was more carnage on Wall Street last week as the major indexes tested the May 6 lows. We saw the same old concerns out of Europe, but finance reform has been making investors nervous as well.
For the week the TSP stock funds were hit hard. The C-fund dropped 4.17%, the S-fund lost 5.77%, and the I-fund fell 3.09%. Bonds (F-fund) was up 0.56% as investors looked for some safety, and the G-fund added 0.06%.
For the month, the losses continue to grow. The C-fund is down 8.19%, the S-fund has given up 9.49%, and the I-fund has lost a stiff 11.09% in May. The F-fund is up 1.31% in May and is now about even with the S-fund as the top return for 2010 at +4.25%. The G-fund is +0.19%.
The plan we talked about last week was to buy the bottom of the May 6 trading range, and sell the top, and so far it seems to be working. Until either of those levels is broken, I will continue that plan, although I will be a little quicker to sell any rally as I don’t trust the market right now, and we have seen how quickly gains can be taken back.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
If the market heads south and closes below that support for a day or two, I will be very concerned for the bull market. It is early, but it isn’t looking good.
The 50-day EMA (exponential moving average) is not shown in the chart of the S&P 500 above, but it is currently at 1154. The official signal for the end of the bull market will come, according to my definition, if and when it falls below the 200-day EMA, which is just above 1102 right now, so there is time for it to recover if it is going to do so.
Good luck, and thanks for reading. I will be out of town over the Memorial Day weekend so I don’t plan to post a Weekly TSP Wrap-Up on Saturday May 29. So, we will see you back here in two weeks.
Tom Crowley
www.tsptalk.com
Weekly Wrap-Ups Archive
--------------------------------------
TSP Talk does not guarantee the accuracy or completeness of this report, nor does TSPtalk.com assume any liability for any loss that may result from reliance by any person upon any such information or opinions. Such information and opinions are subject to change without notice and are for general information only.
The information contained on this website is for educational purposes only and not intended to be recommendations, and may not be published, broadcast, rewritten or otherwise distributed without prior written consent from TSPtalk.com. Full Disclaimer
Testing the Low end of the range
There was more carnage on Wall Street last week as the major indexes tested the May 6 lows. We saw the same old concerns out of Europe, but finance reform has been making investors nervous as well.
For the week the TSP stock funds were hit hard. The C-fund dropped 4.17%, the S-fund lost 5.77%, and the I-fund fell 3.09%. Bonds (F-fund) was up 0.56% as investors looked for some safety, and the G-fund added 0.06%.
For the month, the losses continue to grow. The C-fund is down 8.19%, the S-fund has given up 9.49%, and the I-fund has lost a stiff 11.09% in May. The F-fund is up 1.31% in May and is now about even with the S-fund as the top return for 2010 at +4.25%. The G-fund is +0.19%.
The plan we talked about last week was to buy the bottom of the May 6 trading range, and sell the top, and so far it seems to be working. Until either of those levels is broken, I will continue that plan, although I will be a little quicker to sell any rally as I don’t trust the market right now, and we have seen how quickly gains can be taken back.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
If the market heads south and closes below that support for a day or two, I will be very concerned for the bull market. It is early, but it isn’t looking good.
The 50-day EMA (exponential moving average) is not shown in the chart of the S&P 500 above, but it is currently at 1154. The official signal for the end of the bull market will come, according to my definition, if and when it falls below the 200-day EMA, which is just above 1102 right now, so there is time for it to recover if it is going to do so.
Good luck, and thanks for reading. I will be out of town over the Memorial Day weekend so I don’t plan to post a Weekly TSP Wrap-Up on Saturday May 29. So, we will see you back here in two weeks.
Tom Crowley
www.tsptalk.com
Weekly Wrap-Ups Archive
--------------------------------------
TSP Talk does not guarantee the accuracy or completeness of this report, nor does TSPtalk.com assume any liability for any loss that may result from reliance by any person upon any such information or opinions. Such information and opinions are subject to change without notice and are for general information only.
The information contained on this website is for educational purposes only and not intended to be recommendations, and may not be published, broadcast, rewritten or otherwise distributed without prior written consent from TSPtalk.com. Full Disclaimer
