Selling continued into this week as stocks were down Monday following the initial sell-off we saw after the Brexit vote the previous Friday. Those losses were wiped out the next day as buyers showed up to take advantage of the oversold conditions. Buying continued for the rest of the week erasing the damage of the Brexit decision. These rallies seemed to be emotionally fueled by those who do not want to be left behind, but also by more talk of stimulus from the Bank of England later in the week.
All of the TSP funds were up for the week with the I-fund leading with a gain of 3.45%. The F-fund was up 0.77%, lagging the TSP stock funds.
Here are the weekly, monthly, and annual TSP fund returns for the week ending July 1st:
TSP monthly returns for June:
The SPY (S&P 500 / C-fund) made its way to the prices we saw last Thursday, filling the open gap produced by Friday's sell-off along the way. A new open gap was formed at Wednesday's open adding reason to believe these recent gains are temporary as the index is also under pressure by overhead resistance. The C-fund was up 3.28% this week and produced a 0.28% gain for the month of June.
The Dow Completion Index (S-fund) had a similar week as it closed last week's gap and opened a new one Wednesday. This index also has overhead resistance to keep in mind as we move into a new week. The S-fund was up 2.93% for the week and locked in a 0.13% loss for June.
EFA (EAFE Index / I-fund) led the TSP funds for the week after it took the greatest hit last week. Three open gaps still remain, two below the current price and one partially filled above the current price. The I-fund was up 3.45% for the week and finished June with a loss of 3.33%.
AGG (Bonds / F-fund) was also up this week as it broke above the rising overhead resistance of its trading channel. The index remained above the resistance line for the week but there are still three open gaps within the trading channel to keep in mind. The F-fund was up 0.77% for the week and led the TSP funds for the month of June with a gain of 1.8%.
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.
All of the TSP funds were up for the week with the I-fund leading with a gain of 3.45%. The F-fund was up 0.77%, lagging the TSP stock funds.
Here are the weekly, monthly, and annual TSP fund returns for the week ending July 1st:
TSP monthly returns for June:
The SPY (S&P 500 / C-fund) made its way to the prices we saw last Thursday, filling the open gap produced by Friday's sell-off along the way. A new open gap was formed at Wednesday's open adding reason to believe these recent gains are temporary as the index is also under pressure by overhead resistance. The C-fund was up 3.28% this week and produced a 0.28% gain for the month of June.
The Dow Completion Index (S-fund) had a similar week as it closed last week's gap and opened a new one Wednesday. This index also has overhead resistance to keep in mind as we move into a new week. The S-fund was up 2.93% for the week and locked in a 0.13% loss for June.
EFA (EAFE Index / I-fund) led the TSP funds for the week after it took the greatest hit last week. Three open gaps still remain, two below the current price and one partially filled above the current price. The I-fund was up 3.45% for the week and finished June with a loss of 3.33%.
AGG (Bonds / F-fund) was also up this week as it broke above the rising overhead resistance of its trading channel. The index remained above the resistance line for the week but there are still three open gaps within the trading channel to keep in mind. The F-fund was up 0.77% for the week and led the TSP funds for the month of June with a gain of 1.8%.
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.
