TSP Talk Weekly Wrap Up

The upward momentum from late January didn’t carry into February. Stocks were down this week and Friday’s action tumbled the bull’s effort to keep the week to just modest losses. The dollar took a hit this Wednesday but traders were able to reverse its effect before heading into the close. However investors sold Friday with the release of the jobs report putting out 151,000 jobs created in January and a 4.9% unemployment rate.

Bonds (F-fund) saw a slight gain this week while the TSP stock funds all saw losses with the worst coming from the 4.11% loss in the S-fund.

Here are the weekly, monthly, and annual TSP fund returns for the week ending February 5th:

The $SPX’s (S&P 500 / C-fund) intraday peak Monday hit what might be declining resistance from the November and December lows. The index closed below the support of the recent rising trading channel but support from the September lows are just below. The C-fund was down 3.03% this week.

The Dow Completion Index (S-fund) found double resistance when it hit its 20-day EMA coupled with the resistance of its rising trading channel Monday. Support from the channel was broken intraday Wednesday but the index was back within the trading channel at the close. One Friday it fell below the support like it wasn’t there and closed near the lows of the week. The S-fund lagged this week with a loss of 4.11%. The S-fund is now down 12.48% for the year.

The dollar gapped down Wednesday closing at its 200-day EMA. It continued down Thursday but was up Friday although was unable to get back above the 200-day EMA so it might hold as resistance.

EFA (EAFE Index / I-fund) nearly filled the open gap from January after falling below rising support. There are still three open gaps above that would like to be filled but that doesn’t look promising to be anytime soon with the recent action we’ve seen from stocks. The I-fund was down 2.52% for the week.

AGG (Bonds / F-fund) was up again this week and continues to test the rising resistance that was once support. There is cushion below with support from the October highs. The F-fund led the TSP funds with av0.2% gain.

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
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.