Stocks continued their climb this week as investors saw this holiday week as another opportunity to put any sidelined money to work with the seasonality bias. This paid off as Friday's action was more than on par with the usual post-Thanksgiving upside that was expected. However, we are now about to enter a week where we tend to see profit taking from the upside action surrounding Thanksgiving. With the action we've seen since the election, this does seem like a likely scenario as some market players may feel a need to pocket some gains with this opportunity to sell. All this means is that the market will be tested next week and some downside may be healthy; although a sell off is not a certainty.
The S-fund continues to outperform with more than a 2% gain for the week. The F-fund continues to lose value as stocks rise and it had the only loss for the week.
Here are the weekly, monthly, and annual TSP fund returns for the week ending November 26th:
The SPY (S&P 500 / C-fund) carried on after breaking through resistance last week. A test of the resistance line for support may be something that would validate the recent market action. If traders buy at the old resistance than they see value in the market which gives promise to the long-term look of the market. The C-fund was up 1.45% for the week.
The Dow Completion Index (S-fund) has continued to outperform but is running into some possible rising resistance that has held for a good part of the year. We will see if the Black Friday action was enough for these companies to continue the increase seen lately. The S-fund was up 2.17% for the week.
Although EFA (EAFE Index / I-fund) has been down for the month, it produced a 1.28% gain this week to cut some the early losses. It does seem to be in a declining trading channel and have potential resistance from its 200-day EMA that is not on the side of increasing value.
AGG (Bonds / F-fund) continues to fall as stock rise. If we see a pullback from stocks this upcoming week, oversold bonds may look like a promising haven for investors. The F-fund was down 0.2% 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 S-fund continues to outperform with more than a 2% gain for the week. The F-fund continues to lose value as stocks rise and it had the only loss for the week.
Here are the weekly, monthly, and annual TSP fund returns for the week ending November 26th:
The SPY (S&P 500 / C-fund) carried on after breaking through resistance last week. A test of the resistance line for support may be something that would validate the recent market action. If traders buy at the old resistance than they see value in the market which gives promise to the long-term look of the market. The C-fund was up 1.45% for the week.
The Dow Completion Index (S-fund) has continued to outperform but is running into some possible rising resistance that has held for a good part of the year. We will see if the Black Friday action was enough for these companies to continue the increase seen lately. The S-fund was up 2.17% for the week.
Although EFA (EAFE Index / I-fund) has been down for the month, it produced a 1.28% gain this week to cut some the early losses. It does seem to be in a declining trading channel and have potential resistance from its 200-day EMA that is not on the side of increasing value.
AGG (Bonds / F-fund) continues to fall as stock rise. If we see a pullback from stocks this upcoming week, oversold bonds may look like a promising haven for investors. The F-fund was down 0.2% 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.
