The major stock indices and TSP stock funds lost ground after completing a week that saw a "sell the news" reaction to the prior week's surprise positive jobs report. The technical picture is starting to weaken for the S&P 500 and next week could be a make or break week for stocks.
Here are the TSP fund returns for the week of October 8 through October 12 and the up to date monthly and annual returns.
You can see that support is being tested right now and next week's action will be very important for the intermediate-term outlook.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Good luck, and thanks for reading. We will be back after the weekend with a full market commentary.
Tom Crowley
www.tsptalk.com
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This information is for educational purposes only! This is not advice or are commendation. 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.
