The holiday shortened week got off to a good start, but things flattened out mid-week, and fell apart in late afternoon trading on Friday turning a positive week into a negative one.
Here are the up to date TSP fund returns through May 31, including the final returns for May.
The S&P 500 has pulled back from the May 21 high, and is threatening to start a downtrend. The 50-day EMA may be tested again as we saw in February and April. At some point the 50-day EMA won't hold, but until then...
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
May was the worst month for U.S. bonds in two years, reflecting investor uncertainty about when the Federal Reserve will curtail its stimulus policies. The F-fund was down 1.78% in May.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Volatility has been picking up in both stocks and bonds and this coming week could be a test for the stock market as each time we've seen this type of pullback, the bulls have stepped up. If investors don't step up and the 50-day EMA is broken, it could be the start of some summer trouble.
Tom Crowley
www.tsptalk.com
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