TSP Talk Weekly Wrap Up

It was another positive week for stocks that started off with the reaction to the prior Friday’s poor jobs report, an example of bad news is good news if it means potentially prolonged low interest rates from the Federal Reserve. From there we saw slow and choppy action through midweek until stocks rallied starting early Thursday and continued into the close on Friday. The TSP stock funds finished up between 1% and 2%, and the F fund had a slight loss.

Here are the weekly, monthly, and annual TSP fund returns for the week ending April 10th:

The SPY (S&P 500 / C-fund) continued its latest pattern of bouncing off support from lows and resistance from highs and is now back up towards overhead resistance. The dollar’s decline helped out the large caps and gave less of an advantage to the small caps. The C-fund was up 1.74% this week while the S fund was up just 1%.

The Wilshire 4500 (S-fund) remains within its trading channel but has slowed down as it starts to be wedged between support and resistance. The highs from March are floating above as potential resistance. The S-fund is up 6.62% for the year.

The EFA (EAFE Index / I fund) was up this week but there are a couple of open gaps from last week lingering below. The rising trend for the I-fund continues, leading the TSP funds for the year up 8.76%.

 AGG (Bonds / F-fund) broke below its rising support line and has been out of its trading channel for two days. This looks like a potential top for the F-fund but could still test the 20-day EMA for support. The F-fund was down 0.09% this 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 http://www.tsptalk.com/comments.php. If you need more help deciding what to do with your account, perhaps one of our premium services can help.

Tommy Crowley
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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.

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