TSP Talk Weekly Wrap Up

Stocks were up for the week but were off their highs as they peaked intraday Wednesday after a couples days of relentless buying. Stocks sold off Thursday which continued into Friday but the dip buyers were back in play by mid-day to keep stocks in positive territory for the week.

The F-fund lagged as it was the only TSP fund in negative territory this week with a loss of 0.41%, wiping out the previous gains of April.

Here are the weekly, monthly, and annual TSP fund returns for the week ending April 22nd:

The SPY (S&P 500 / C-fund) surpassed the highs from November and December but pulled back and is now heading toward the open gap from the previous week. Though gaps do tend to get filled, it’ll be interesting to see how SPY will react to the possible support lines it must fall below to fill the gap. That includes the 20-day EMA which we saw act as support earlier this month. The C-fund was up 0.53% for the week and is now above 3% in gains for the year.

The Dow Completion Index (S-fund) tested the overhead resistance of its rising trading channel this week. Though it was able to break above during intraday trading, it continually was unable to close above the resistance line. None the less, the S-fund produced 1.22% in gains for the week.

EFA (EAFE Index / I-fund) led the TSP funds this week and entered positive territory for the year Monday. It gapped up higher at Tuesday’s open and slowly declined from there to partially fill the open gap produced. The index has two more open gaps to fill under the new one but the 200-day EMA does have potential for decent support to not make that easy. The I-fund had a gain of 1.31% for the week and leads the TSP funds for the month as well with a 3.4% gain so far in April.

AGG (Bonds / F-fund) fell below support line of its recent stagnant trading channel Thursday, reopened above it Friday, and then closed back below just about even with its 20-day EMA. The index may run into rising support soon, and if the support holds, it could spark some more fire in bonds. The F-fund was down 0.41% 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
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.