TSP Talk Weekly Wrap Up

The TSP stock funds were mixed last week as the C-fund was the only one that managed a gain. Bonds were down, the small caps lost ground, and because the dollar was up last week, the I-fund was the worst performing fund.

Here are the weekly, monthly, and annual TSP fund returns through Friday, November 1st:

And here are the final returns for October and the annual returns through October 31:

The S&P 500 (SPY) backed off the new highs toward the end of the week and so far this is nothing but a healthy pullback - as long as support holds. The narrow rising trading channel, which started at the October low, finally broke but that angle of incline was not sustainable.


Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk

The small caps have pulled back more dramatically, but they had also been the most aggressive on the way up.


Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk

Bonds lost ground last week but remains in an uptrend as this bond ETF is looking to fill those open gaps (red). All healthy action so far - as long as the trading channels remain intact.


Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk

So stocks and bonds started to pullback last week, but this is nothing concerning yet. There have been a few warning signs with some internal action and we saw some of the momentum leaders rollover, but the chart should give us the clues if the technical picture starts to deteriorate and if we may need to take a more defensive approach.

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.html.

Tom Crowley
www.tsptalk.com
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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