The short week following Labor Day consisted mostly of low volume and low volatility, that is, until the market made its biggest move in months on Friday. In one day stocks fell to July levels after spending the past two months slowly rising to the recent levels. Concerns over higher interest rates seem to have gotten the best of investors.
The sell-off on Friday put the C and S-fund down more than 2% for the week with the S-fund lagging. All the TSP funds, other than the G-fund, were in negative territory with the F-fund have the least decline of 0.39%.
Our normal chart software is down for the weekend so we'll have alternative charts today.
Here are the weekly, monthly, and annual TSP fund returns for the week ending September 9th:
The SPY (S&P 500 / C-fund) fell below the trading channel that had been slightly rising since the beginning of August on Friday. The average line is not on the chart below but the index fell below its 50-day EMA on Friday as well. An open gap was formed at Friday's open but we'll see if momentum carries into Monday or if traders will feel this index is oversold. The C-fund was down 2.36% for the week.
The Dow Completion Index (S-fund) lagged the TSP funds this week with similar action seen with SPY. This index too is below its 50-day EMA and produced an open gap at the lower open on Friday. The S-fund was down 2.54% for the week.
EFA (EAFE Index / I-fund) found resistance in the highs of April and then also sold off on Friday falling below rising trend support. The I-fund was down 1% for the week.
AGG (Bonds / F-fund) broke below the support of its trading channel on Friday but left an open gap within it. The F-fund was down just 0.39% 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 sell-off on Friday put the C and S-fund down more than 2% for the week with the S-fund lagging. All the TSP funds, other than the G-fund, were in negative territory with the F-fund have the least decline of 0.39%.
Our normal chart software is down for the weekend so we'll have alternative charts today.
Here are the weekly, monthly, and annual TSP fund returns for the week ending September 9th:
The SPY (S&P 500 / C-fund) fell below the trading channel that had been slightly rising since the beginning of August on Friday. The average line is not on the chart below but the index fell below its 50-day EMA on Friday as well. An open gap was formed at Friday's open but we'll see if momentum carries into Monday or if traders will feel this index is oversold. The C-fund was down 2.36% for the week.
The Dow Completion Index (S-fund) lagged the TSP funds this week with similar action seen with SPY. This index too is below its 50-day EMA and produced an open gap at the lower open on Friday. The S-fund was down 2.54% for the week.
EFA (EAFE Index / I-fund) found resistance in the highs of April and then also sold off on Friday falling below rising trend support. The I-fund was down 1% for the week.
AGG (Bonds / F-fund) broke below the support of its trading channel on Friday but left an open gap within it. The F-fund was down just 0.39% 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.
