It was a fairly volatile start to the new month this week and by the end of the week the trend was basically down. The first three days of the week saw some good mid-day gains but couldn't hold onto them into their close. There were no mid-day highs on Thursday as stocks declined throughout the day with the Greece crisis becoming a concern... again. The decline leveled out Friday but traders didn't take advantage of the dips as a better than expected jobs report put worry about interest rate hikes back in the air.
Bonds and the I-fund both took a hit this week both falling below 1%. Small caps were able to come up with some modest gains.
Here are the weekly, monthly, and annual TSP fund returns for the week ending June 5th:
The SPY (S&P 500 / C-fund) fell below resistance and under the 50-day EMA Thursday and into Friday. It now sits on long-term support line though it did break through intraday on Friday. As we've mentioned this week in the Market Comments, breaks under the 50-day EMA haven't lasted more than four days this year. The C-fund was
down 0.65% this week.
The Wilshire 4500 (S-fund) has been dancing between some short-term overhead resistance and the 50-day EMA for the past couple weeks. The S-fund is less affected by the decline in the dollar allowing it to have a better week than the C-fund. The Wilshire 4500 closed at it's high on Friday and was able to have a 0.55% gain for the week.
EFA (EAFE Index / I fund) was fighting to stay above its 50-day EMA for most of the week but on Friday it broke below it leaving an open gap above. The next line of defense is the 200-day EMA which is not far below, however with two open gaps above and EFA oversold, the momentum could easily turn around. The I-fund was down 1.71% this week.
The AGG (Bonds / F-fund) broke down significantly this week and now has been below it's 200-day EMA for three days now. AGG hasn't been under it's 200-day EMA since January of 2014. The F-fund was down 1.35% this week.
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
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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.
Bonds and the I-fund both took a hit this week both falling below 1%. Small caps were able to come up with some modest gains.
Here are the weekly, monthly, and annual TSP fund returns for the week ending June 5th:
The SPY (S&P 500 / C-fund) fell below resistance and under the 50-day EMA Thursday and into Friday. It now sits on long-term support line though it did break through intraday on Friday. As we've mentioned this week in the Market Comments, breaks under the 50-day EMA haven't lasted more than four days this year. The C-fund was
down 0.65% this week.
The Wilshire 4500 (S-fund) has been dancing between some short-term overhead resistance and the 50-day EMA for the past couple weeks. The S-fund is less affected by the decline in the dollar allowing it to have a better week than the C-fund. The Wilshire 4500 closed at it's high on Friday and was able to have a 0.55% gain for the week.
EFA (EAFE Index / I fund) was fighting to stay above its 50-day EMA for most of the week but on Friday it broke below it leaving an open gap above. The next line of defense is the 200-day EMA which is not far below, however with two open gaps above and EFA oversold, the momentum could easily turn around. The I-fund was down 1.71% this week.
The AGG (Bonds / F-fund) broke down significantly this week and now has been below it's 200-day EMA for three days now. AGG hasn't been under it's 200-day EMA since January of 2014. The F-fund was down 1.35% this week.
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.
