TSP Talk Weekly Wrap Up

Stocks were up this week with two back to back rallies Tuesday and Wednesday to produce the bulk of the gains for the week. The rest of the days were a mix of slight to modest moves depending on your index of interest. All three indices representative of the TSP stock funds are sitting under resistance at their current prices; we have seen Dow Completion Index (S-fund) and EFA (I-fund) surpass their 200-day EMAs recently which is a sign of strength as the 200-day EMAs can represent decent resistance themselves.

The F-fund was relatively flat for the week with just a 0.01% gain. The I-fund led this week with a gain of 3.62%.

Here are the weekly, monthly, and annual TSP fund returns for the week ending April 15th:

The SPY (S&P 500 / C-fund) has ran into resistance after the two rallies mid-week which held to level out the index for the rest of the week. An open gap was left open moving from Tuesday to Wednesday that is likely to be on the minds of traders who would be waiting for it to be filled before buying this close to resistance. The 20-day EMA seems to have acted as support after the index fell below the March trading channel – whose rising support line is adding to the resistance above the current price of the index. The C-fund was up 1.65% this week.

The Dow Completion Index (S-fund) broke above its 200-day EMA this week as well as surpassing its 2015 closing price to enter positive territory for the year for the first time. The March rising trading channel has continued to hold the index into April as the 20-day EMA has lined up with the support of the rising channel to further enforce the support. The S-fund ended the week with a gain of 2.58%.

EFA (EAFE Index / I-fund) also broke above its 200-day EMA but it was held up by its 2015 closing price. An open gap was filled early in the week but the index gapped up Wednesday to open another one. The open gap is below the current price so it is likely it will be filled before the index retests the 2015 price. The I-fund was up 3.62% for the week.

Oil broke above its 200-day EMA for the first time since 2014 on Tuesday but closed back below it Friday. An open gap below may have been a contributor to the turn around; if the case we should see it filled sometime soon.

AGG (Bonds / F-fund) has flattened out in April after some decent gains in the late half of March. There are a few possible lines of defense as support for the index from its 20-day EMA, February high, and rising support line of the 2016 action. After closing at the low for the week Thursday, the index had a 0.16% gain Friday to give the fund a slight gain of 0.01% 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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