Stocks were up Monday but those gains were taken away after weakness in the global economy initiated selling Tuesday. The S&P 500 slowly dropped in price the following days with no stimulus for buyers. Friday's job report came out with an addition of 160,000 jobs which was less than expected. With a market controlled by central bank interest rate decisions, the disappointing report gave traders a reason to buy. The dip buyers came as soon as the low hit support Friday until things leveled out the last couple of trading hours.
TSP stock funds were all down with the I-fund lagging while the F-fund led for the week with a slight gain.
Here are the weekly, monthly, and annual TSP fund returns for the week ending May 6th:
The SPY (S&P 500 / C-fund) found support from its 50-day EMA which set up perfect conditions for the dip buyer to come in Friday. The 2015 closing price and the 200-day EMA are just below the current price for potential support if needed. The C-fund fell 0.33% to start off the first week of the new month.
The Dow Completion Index (S-fund) fell out of its trading channel this week that it had been in for the past two months. Its 200-day EMA did not hold as support earlier in the week but its 50-day EMA did hold after the release of the jobs report Friday. The S-fund was down 1.32% for the week.
EFA (EAFE Index / I-fund) lagged the TSP funds this week with a 1.94% loss. Unlike the funds above, the I-fund's 50-day EMA did not hold as support. The open gap was avoided with another gap down around the same price. The 50-day EMA may make it difficult to fill that gap as it may act as resistance.
AGG (Bonds / F-fund) led the TSP funds with a slight gain of 0.17% as stocks suffered the first week of May. The fund has had a steady gain for 2016 so far as its support continues to hold.
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.
TSP stock funds were all down with the I-fund lagging while the F-fund led for the week with a slight gain.
Here are the weekly, monthly, and annual TSP fund returns for the week ending May 6th:
The SPY (S&P 500 / C-fund) found support from its 50-day EMA which set up perfect conditions for the dip buyer to come in Friday. The 2015 closing price and the 200-day EMA are just below the current price for potential support if needed. The C-fund fell 0.33% to start off the first week of the new month.
The Dow Completion Index (S-fund) fell out of its trading channel this week that it had been in for the past two months. Its 200-day EMA did not hold as support earlier in the week but its 50-day EMA did hold after the release of the jobs report Friday. The S-fund was down 1.32% for the week.
EFA (EAFE Index / I-fund) lagged the TSP funds this week with a 1.94% loss. Unlike the funds above, the I-fund's 50-day EMA did not hold as support. The open gap was avoided with another gap down around the same price. The 50-day EMA may make it difficult to fill that gap as it may act as resistance.
AGG (Bonds / F-fund) led the TSP funds with a slight gain of 0.17% as stocks suffered the first week of May. The fund has had a steady gain for 2016 so far as its support continues to hold.
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.
