Despite the large sell off in stocks on Friday, the major stock indices, and the TSP stock funds, closed the week with some modest gains and bonds were down slightly.
Here are the TSP fund returns for the week of October 15 through October 19 and the up to date monthly and annual returns.
We saw a nice bounce off of support and the 50-day EMA on Monday of last week, and the gains held for the most part heading into Thursday. After a couple of weaker than expected earnings reports, particularly from Google, we saw the S&P 500 dive on Friday and it is back testing the rising support line and the 50-day EMA. Too many tests of the 50-day EMA will eventually lead to a breakdown, but for now it remains above and that is at least a temporary good sign.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The TSP Talk Sentiment Survey System remains on a buy signal for next week after the 50% bulls, 40% bears, 1.25 to 1 bulls to bears ratio.
Good luck, and thanks for reading. We will be back after the weekend with a full market commentary.
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.