TSP Talk Weekly Wrap

The week started off with not much vertical movement in the indices until Fed member Janet Yellen reenergized buyers with here dovish comments intraday Tuesday. The rally she sparked carried on into Wednesday but markets flattened out as March and the first quarter of 2016 came to an end.

The jobs report came out Friday with 215,000 jobs added and unemployment at 5%. This was close to par with expectations and may have triggered a selling spree at Friday’s open but was quickly followed by dip buyers coming in to send stocks to new highs for the week.

Here are the weekly, monthly, and annual TSP fund returns for the week ending April 1st:

Here are the TSP fund returns for March:

All of the TSP funds positive returns for March with the S-fund leading up 8.24%.

The SPY (S&P 500 / C-fund) remained in its March rising trading channel as it entered April. The support line of the channel seemed to mark the end of Friday mornings selling spree so it could have been a good technical mark buyers were keeping an eye on before jumping in. The C-fund finished the week up 1.84%.

The Dow Completion Index (S-fund) has been attempting to break through its trading channel’s resistance and looks to have closed just above it Friday despite the 200-day EMA there to act as more resistance. The S-fund lead the TSP funds for March with a 8.24% gain and has gotten out of negative territory of the year now with a 0.63% return for 2016.

EFA (EAFE Index / I-fund) was back within its trading channel Wednesday after falling below the previous Friday. The index fell back below the support line Thursday though and then gapped down to its 50-day EMA Friday. The new open gap was partially filled intraday Friday as the index closed near the its high of the day and producing a 0.62% gain for the week.

AGG (Bonds / F-fund) broke above its February highs Tuesday to make new highs for the year. Bonds continued to rise from there and produce a 0.6% gain 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
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.

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