Stocks eased up this week after five straight positive weeks. The market held up after the news of the Brussels attacks but traders took cover after some hawkish comments by FOMC members. Pullbacks are healthy for markets especially after long upward momentum. Most of these indices have support lines to help the bull cause when things get shaky and there are still resistant lines traders want to test to find this market’s true character.
Besides the G-fund, all the TSP funds were in negative territory by the weeks end. The F-fund was nearly flat with just a 0.03% loss while the I fund lagged down 2.4%.
Here are the weekly, monthly, and annual TSP fund returns for the week ending March 24th:
The SPY (S&P 500 / C-fund) fell below rising support but Thursday as stocks sank to finish the week. There is possible support from some peaks of December. There is also the funds 200-day EMA and 20-day EMA just below that for support. The C-fund was down 0.65% for the week.
The Dow Completion Index (S-fund) may have found some support from its 20-day EMA Thursday keep the losses to a minimum. There is possibly double resistance above starting with the 200-day EMA. The S-fund was down 1.39% for the week looks like it will need a strong catalyst to make any headway to the upside.
EFA (EAFE Index / I-fund) was unable to fill the open gap from the beginning of the year this week. Rather, the index fell below its trading channel and open a new gap above the current price. It seemed to have found support from its 50-day EMA to lesson the potential damage. The I-fund lagged this week down 2.4%.
AGG (Bonds / F-fund) was unable to breaking above the February peak with two attempts matching the price. There looks to be declining support helping the cause but it is falling quickly. The F-fund was nearly flat for the week with just a 0.03% loss.
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.
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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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