Stocks were up initially this week after Monday's rally but a devaluation of China's currency turned momentum around on Tuesday taking back Monday's gains. Stocks fell sharply early Wednesday but a big reversal put the S&P 500 back into positive territory by the close. The final trading days saw minimal movement in the market with modest gains on Friday to close out the week in positive territory.
We saw gains in the S and C-fund this week while the I-fund lagged down more than 1%. The F-fund closed in negative territory after having initial gains early in the week.
Here are the weekly, monthly, and annual TSP fund returns for the week ending August 14th:
The SPY (S&P 500 / C-fund) continues its inverted head & shoulders pattern but seemed to be held back by its 50-day EMA after Tuesday's pullback. This seemed apparent Thursday when the SPY reversed after reaching its 50-day EMA, but after Friday's slow and steady rising action we did see it close just barely above it. The C-fund was up 0.73% for the week.
The Dow Completion Index (S-fund) is still in a down trend but was able to end the week with modest gains and back above its 200-day EMA after falling under mid-week. The S-fund was up 0.73% for the week.
EFA (EAFE Index / I-fund) had the greatest decline in the TSP funds this week down 1.36%. It partially filled an open gap from early July falling below its 200-day EMA in the process but did manage close above it on Friday. The open gap below still wants to be filled which we may see before any legitimate test of overhead resistance.
AGG (Bonds / F-fund) was down early this week with the markets rally but gapped up Tuesday with the devaluation of China's currency. Bonds descended from the positive reversal in the market Wednesday and continued to decline from there until finding rising support. The F-fund was down 0.14% for the 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.
We saw gains in the S and C-fund this week while the I-fund lagged down more than 1%. The F-fund closed in negative territory after having initial gains early in the week.
Here are the weekly, monthly, and annual TSP fund returns for the week ending August 14th:
The SPY (S&P 500 / C-fund) continues its inverted head & shoulders pattern but seemed to be held back by its 50-day EMA after Tuesday's pullback. This seemed apparent Thursday when the SPY reversed after reaching its 50-day EMA, but after Friday's slow and steady rising action we did see it close just barely above it. The C-fund was up 0.73% for the week.
The Dow Completion Index (S-fund) is still in a down trend but was able to end the week with modest gains and back above its 200-day EMA after falling under mid-week. The S-fund was up 0.73% for the week.
EFA (EAFE Index / I-fund) had the greatest decline in the TSP funds this week down 1.36%. It partially filled an open gap from early July falling below its 200-day EMA in the process but did manage close above it on Friday. The open gap below still wants to be filled which we may see before any legitimate test of overhead resistance.
AGG (Bonds / F-fund) was down early this week with the markets rally but gapped up Tuesday with the devaluation of China's currency. Bonds descended from the positive reversal in the market Wednesday and continued to decline from there until finding rising support. The F-fund was down 0.14% for the 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.
