Stocks produced slight gains for the week with volatile action meeting back up to break even by Friday. New all-time highs were produced Monday but those gains were quickly swept away as stocks closed at their lows on Tuesday. Things came back up to par Wednesday where they remained for the most part as the week closed out.
The Fed minutes were released Wednesday with dovish remarks which was taken well by traders.
The S-fund led this week with a slight gain of 0.31%. The I-fund lagged with a loss of 0.58%.
Here are the weekly, monthly, and annual TSP fund returns for the week ending August 19th:
The SPY (S&P 500 / C-fund) continues to move horizontally which has been a normality since mid-July. The index did produce a new closing high Monday and we also saw the 20-day EMA act as support once again. The C-fund had a slight gain of just 0.06% for the week.
The Dow Completion Index (S-fund) fell below its rising trading channel Wednesday but was back within on Thursday and closed at the support line Friday. Its 20-day EMA also acted as support; it switched the early downward momentum to give the fund the best return of the week with a gain of 0.31%.
EFA (EAFE Index / I-fund) has had trouble making anymore upside past the April high. A lower open Friday sealed in the losses for the week giving the I-fund a loss of 0.58% for the week.
AGG (Bonds / F-fund) also found itself in negative for the week after running into declining resistance Thursday. We do see its 20-day EMA also having an effect of support as it has not closed below in nine days. The F-fund was down 0.18% 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
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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.
The Fed minutes were released Wednesday with dovish remarks which was taken well by traders.
The S-fund led this week with a slight gain of 0.31%. The I-fund lagged with a loss of 0.58%.
Here are the weekly, monthly, and annual TSP fund returns for the week ending August 19th:
The SPY (S&P 500 / C-fund) continues to move horizontally which has been a normality since mid-July. The index did produce a new closing high Monday and we also saw the 20-day EMA act as support once again. The C-fund had a slight gain of just 0.06% for the week.
The Dow Completion Index (S-fund) fell below its rising trading channel Wednesday but was back within on Thursday and closed at the support line Friday. Its 20-day EMA also acted as support; it switched the early downward momentum to give the fund the best return of the week with a gain of 0.31%.
EFA (EAFE Index / I-fund) has had trouble making anymore upside past the April high. A lower open Friday sealed in the losses for the week giving the I-fund a loss of 0.58% for the week.
AGG (Bonds / F-fund) also found itself in negative for the week after running into declining resistance Thursday. We do see its 20-day EMA also having an effect of support as it has not closed below in nine days. The F-fund was down 0.18% 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.
