After a sluggish start, stocks ended the week with a nice push higher, moving some of the major indices into record high territory. The jobs report came inline with estimates on Friday, and investors were obviously happy to see that.
Here are the weekly, monthly, and annual TSP fund returns through Friday, June 6...
Since mid-May, the SPY (S&P 500 / C-fund) has been roaring and easily broke through any, and all resistance that was in its way. This is what a bull market chart looks like so it is tough to argue with, but we know stocks don't go straight up and it wouldn't be a surprise to see some backing and filling, particularly with that open gap sitting near 191.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
[FONT=Arial !important]The Wilshire 4500 (S-fund) broke out of a bull flag in almost text book technical analysis fashion. It is now flirting with its March highs but again, this recent move has been virtually straight up, and that probably can't be sustained for too long. A little consolidation, at the least, may be due here.
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Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
[FONT=Arial !important]The AGG (Bonds / F-fund) fell through the rising support line last week, but it did rebound off of another old resistance line. This will be the battle this week - the battle between the old support line, which could now be resistance, and the old resistance line, which is acting as support.
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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, June 6...
Since mid-May, the SPY (S&P 500 / C-fund) has been roaring and easily broke through any, and all resistance that was in its way. This is what a bull market chart looks like so it is tough to argue with, but we know stocks don't go straight up and it wouldn't be a surprise to see some backing and filling, particularly with that open gap sitting near 191.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
[FONT=Arial !important]The Wilshire 4500 (S-fund) broke out of a bull flag in almost text book technical analysis fashion. It is now flirting with its March highs but again, this recent move has been virtually straight up, and that probably can't be sustained for too long. A little consolidation, at the least, may be due here.
[/FONT]
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
[FONT=Arial !important]The AGG (Bonds / F-fund) fell through the rising support line last week, but it did rebound off of another old resistance line. This will be the battle this week - the battle between the old support line, which could now be resistance, and the old resistance line, which is acting as support.
[/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.
