Stocks rallied modestly on Monday with the Dow gaining 72-points with smaller gains for the S&P 500 and Nasdaq. Small caps led on the upside again while the I-fund ran into some strength in the dollar to hold it back a bit.
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This week tends to be lighter in trading volume and the bulls usually have an advantage, although because of the light volume, any kind a bad news can bring about a volatile reaction. As mentioned yesterday, Wednesday and Friday have the largest historical positive bias, but it fades after the holiday weekend.
Chart courtesy of www.sentimentrader.com
The SPY (S&P 500 / C-fund) has been moving sideways since last Thursday's big rally. A case can be made for a bull flag forming and with this being a strong holiday week for stocks, any resistance may be flimsy as the bears tend to hibernate this week.
The DWCPF (small caps / S-fund) made a new closing high yesterday and also has a nice looking large bullish flag formed but we'll have to see if that 1310 holds it back again.
TheEAFE (I-fund) was actually down on the day because of a rally in the dollar. I'm using the EFA chart today because the $IEE EAFE Index chart had a strange bar on it that didn't look right - unless there was a major sell-off and rebound overnight on Sunday?
The High Yield Corporate Bond Fund was up slightly but it is still trying negotiate the 50-day EMA, which it has now closed below for 9 straight days.
The AGG (Bonds / F-fund) was down slightly and dancing above and below the 50-day EMA while in a narrowing apex.
Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss the allocations of the TSP and ETF Systems. For more information on how to gain access and a list of the benefits of being a subscriber, please go to: www.tsptalk.com/plus.php
Thanks for reading. We'll see you back here tomorrow.
Tom Crowley
Posted daily at www.tsptalk.com/comments.php
The legal stuff: This information is for educational purposes only! This is not advice or a recommendation. 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.
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Chart courtesy of www.sentimentrader.com
The SPY (S&P 500 / C-fund) has been moving sideways since last Thursday's big rally. A case can be made for a bull flag forming and with this being a strong holiday week for stocks, any resistance may be flimsy as the bears tend to hibernate this week.
The DWCPF (small caps / S-fund) made a new closing high yesterday and also has a nice looking large bullish flag formed but we'll have to see if that 1310 holds it back again.
TheEAFE (I-fund) was actually down on the day because of a rally in the dollar. I'm using the EFA chart today because the $IEE EAFE Index chart had a strange bar on it that didn't look right - unless there was a major sell-off and rebound overnight on Sunday?
The High Yield Corporate Bond Fund was up slightly but it is still trying negotiate the 50-day EMA, which it has now closed below for 9 straight days.
The AGG (Bonds / F-fund) was down slightly and dancing above and below the 50-day EMA while in a narrowing apex.
Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss the allocations of the TSP and ETF Systems. For more information on how to gain access and a list of the benefits of being a subscriber, please go to: www.tsptalk.com/plus.php
Thanks for reading. We'll see you back here tomorrow.
Tom Crowley
Posted daily at www.tsptalk.com/comments.php
The legal stuff: This information is for educational purposes only! This is not advice or a recommendation. 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.
