Stocks dove into negative territory quickly on Tuesday, sank throughout the day, bottomed, and quickly began to ascend back towards the surface into Tuesday's close. On Wednesday stocks continued their climb and by the late trading hours were back around the previous Friday's closing prices. There was volatile action Thursday and Friday and the trend was down which resulted in losses across the TSP stock funds.
Monday might be interesting as we've been mentioning in our daily commentary the tendency of the first trading day in June being very volatile..."Before last year, the first trading day in June over recent years had some big moves in both directions.
These are Dow points...
2014: +26
2013: +138
2012: -275
2011: -279
2010: -112
2009: +221
2008: -135
But the first few of days of June have an historically positive bias."
Here are the weekly, monthly, and annual TSP fund returns for the week ending May 29th:
The S-fund outperformed for the month of May after lagging coming out of April. We saw the C-fund reach new highs this month and was up 1.29% for May. The I-fund was negatively affected by the rise in the dollar and had a slight loss of -0.42% for the month. The F-fund also had a slight loss but has a good run finishing up the month lessening the damage.
Despite the 0.84% loss this week, the SPY (S&P 500 / C-fund) did a good job at keeping most of the action above the old resistance line. The SPY broke through during Monday trading hours but was quick to return back above Tuesday morning and again on Friday as buyers seemed to be willing to step up at this price and keep it above the important 50-day EMA.
The Wilshire 4500 (S-fund) had a very nice month in May so the modest losses last week was likely a digestion of the gains as we head into a summer month. Still in the middle of the rising trading channel so there are no immediate dangers ahead of us unless that breaks down.
EFA (EAFE Index / I fund) filled the gap left behind from earlier this month and in doing so broke below its rising trading channel. Now that the gap is filled it just climb back into the trading channel. Those gaps loved to get filled and now that it has buyers may feel more comfortable that another low has been put in. We also have an open gap above that should get some attention.
The AGG (Bonds / F-fund) had a very nice week but the real test for bonds may come this week as the AGG is now testing key resistance.
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 the Market Comments page. If you need more help deciding what to do with your account, perhaps one of our Premium Services can help.
Tommy 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.
Monday might be interesting as we've been mentioning in our daily commentary the tendency of the first trading day in June being very volatile..."Before last year, the first trading day in June over recent years had some big moves in both directions.
These are Dow points...
2014: +26
2013: +138
2012: -275
2011: -279
2010: -112
2009: +221
2008: -135
But the first few of days of June have an historically positive bias."
Here are the weekly, monthly, and annual TSP fund returns for the week ending May 29th:
The S-fund outperformed for the month of May after lagging coming out of April. We saw the C-fund reach new highs this month and was up 1.29% for May. The I-fund was negatively affected by the rise in the dollar and had a slight loss of -0.42% for the month. The F-fund also had a slight loss but has a good run finishing up the month lessening the damage.
Despite the 0.84% loss this week, the SPY (S&P 500 / C-fund) did a good job at keeping most of the action above the old resistance line. The SPY broke through during Monday trading hours but was quick to return back above Tuesday morning and again on Friday as buyers seemed to be willing to step up at this price and keep it above the important 50-day EMA.
The Wilshire 4500 (S-fund) had a very nice month in May so the modest losses last week was likely a digestion of the gains as we head into a summer month. Still in the middle of the rising trading channel so there are no immediate dangers ahead of us unless that breaks down.
EFA (EAFE Index / I fund) filled the gap left behind from earlier this month and in doing so broke below its rising trading channel. Now that the gap is filled it just climb back into the trading channel. Those gaps loved to get filled and now that it has buyers may feel more comfortable that another low has been put in. We also have an open gap above that should get some attention.
The AGG (Bonds / F-fund) had a very nice week but the real test for bonds may come this week as the AGG is now testing key resistance.
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 the Market Comments page. If you need more help deciding what to do with your account, perhaps one of our Premium Services can help.
Tommy 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.
