Stocks opened lower on Monday, but quickly bounced back and the Dow traded just above and below the break-even market most of the day, but for the third straight day the indices saw some selling just before the close. The Dow and Nasdaq ended with small losses, while the S&P 500 was up slightly, and small caps had a good day.
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[TD="align: center"] Daily TSP Funds Return
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The I-fund and F-fund both posted 0.21% gains.
The SPY (S&P 500 / C-fund) has closed above the resistance line for a 5-straight days, which is confirmation of a breakout, but this is coming off the positive holiday seasonal bias and things could change after New Year's Day... Or not. The last breakout closed above the resistance line for 5-straight days around Thanksgiving, and then fell back below it on day six right after the Thanksgiving weekend.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The Wilshire 4500 (S-fund) had a solid day on Monday and the small caps are not disappointing during their normally strong part of the year.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
Since the breakout, the Russell 2000 is back in one of the narrow rising trading channels. That is something we have seen often this year in the S&P 500.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The EFA (EAFE Index / I-fund) hit the 50-day EMA and turned back down. That's typical bear market action. The question is whether these international stocks will continue to underperform the U.S. indices next year. Currently, the C-fund (S&P) is up over 15% in 2014 while the I-fund is down nearly 4%. That's quite a spread.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
Today is trading day number +3 on the Christmas Day Performance Chart, and historically it has been another good day.
Chart provided courtesy of www.sentimentrader.com, analysis by TSP Talk
The AGG (Bonds / F-fund) broke to the upside of the pennant formation but remains in the tight range below that 110.25 level that has acted as resistance for many weeks now.
Chart provided courtesy of www.sentimentrader.com, analysis by TSP Talk
AutoTracker: Just a reminder that if you want to get on the 2015 AutoTracker to start the new year, make sure to login to the AutoTracker by December 31 so we know you're still around. If you're new to the AutoTracker, use the instructions on this page to get started.
Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss the Sentiment Survey Results and 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 TSP Talk Market Commentary
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.
[TABLE="align: center"]
[TR]
[TD="align: center"]
[TD="align: center"][/TD]
[TD="align: center"] Daily TSP Funds Return
[TR]
[TD="align: right"] [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The I-fund and F-fund both posted 0.21% gains.
The SPY (S&P 500 / C-fund) has closed above the resistance line for a 5-straight days, which is confirmation of a breakout, but this is coming off the positive holiday seasonal bias and things could change after New Year's Day... Or not. The last breakout closed above the resistance line for 5-straight days around Thanksgiving, and then fell back below it on day six right after the Thanksgiving weekend.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The Wilshire 4500 (S-fund) had a solid day on Monday and the small caps are not disappointing during their normally strong part of the year.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
Since the breakout, the Russell 2000 is back in one of the narrow rising trading channels. That is something we have seen often this year in the S&P 500.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
The EFA (EAFE Index / I-fund) hit the 50-day EMA and turned back down. That's typical bear market action. The question is whether these international stocks will continue to underperform the U.S. indices next year. Currently, the C-fund (S&P) is up over 15% in 2014 while the I-fund is down nearly 4%. That's quite a spread.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
Today is trading day number +3 on the Christmas Day Performance Chart, and historically it has been another good day.
Chart provided courtesy of www.sentimentrader.com, analysis by TSP Talk
The AGG (Bonds / F-fund) broke to the upside of the pennant formation but remains in the tight range below that 110.25 level that has acted as resistance for many weeks now.
Chart provided courtesy of www.sentimentrader.com, analysis by TSP Talk
AutoTracker: Just a reminder that if you want to get on the 2015 AutoTracker to start the new year, make sure to login to the AutoTracker by December 31 so we know you're still around. If you're new to the AutoTracker, use the instructions on this page to get started.
Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss the Sentiment Survey Results and 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 TSP Talk Market Commentary
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.
