Stocks rallied last week after a bullish "V" like reversal on Monday. The situation in the Ukraine continues to hold investors back on Fridays out of fear of an escalation over the weekend. Even a strong jobs report could not keep the major indices in the green for the day, but all of the TSP funds ended the week in positive territory.
Here are the weekly, monthly, and annual TSP fund returns through Friday, May 2...
The SPY (S&P 500 / C-fund) has been having a difficult time holding above 188. The strong rally in mid-April did needed some time to digest, but the longer it takes to break out, the stronger the resistance gets.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Small caps had bee[FONT=Arial !important]n lagging but they actually led the way to the upside in the latter half of the week. There is a descending resistance line that may cause some problems as this index struggles to break out of its recent downtrend.
[/FONT]
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
[FONT=Arial !important]Bonds yields have been mysteriously sinking. This is a sign that the economy may not be as robust as many had hoped. Bond traders are more savvy than stock traders and right now with yields breaking down (and prices breaking to the upside) the bond traders seem to be pricing in a slowdown in the economy. [/FONT]
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Good luck, and thanks for reading. We will be back here next week with another TSP Wrap Up. You can read our daily market commentary at TSP Talk Market Commentary.
Tom Crowley
www.tsptalk.com
Weekly Wrap-Ups Archive
Facebook | Twitter
The legal stuff: 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.
Here are the weekly, monthly, and annual TSP fund returns through Friday, May 2...
The SPY (S&P 500 / C-fund) has been having a difficult time holding above 188. The strong rally in mid-April did needed some time to digest, but the longer it takes to break out, the stronger the resistance gets.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Small caps had bee[FONT=Arial !important]n lagging but they actually led the way to the upside in the latter half of the week. There is a descending resistance line that may cause some problems as this index struggles to break out of its recent downtrend.
[/FONT]
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
[FONT=Arial !important]Bonds yields have been mysteriously sinking. This is a sign that the economy may not be as robust as many had hoped. Bond traders are more savvy than stock traders and right now with yields breaking down (and prices breaking to the upside) the bond traders seem to be pricing in a slowdown in the economy. [/FONT]
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Good luck, and thanks for reading. We will be back here next week with another TSP Wrap Up. You can read our daily market commentary at TSP Talk Market Commentary.
Tom Crowley
www.tsptalk.com
Weekly Wrap-Ups Archive
Facebook | Twitter
The legal stuff: 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.
