TSP Talk Weekly Wrap Up

After a weak open on Friday morning, it looked like a sure thing that stocks would end the week with some modest losses, but a surge higher in afternoon trading took the Dow into positive territory for the week, while the S&P 500 and small caps were just barely in the red. The buyers continue to jump on any and all weakness.

Here are the up-to-date weekly, monthly, and annual TSP fund returns through July 26.

The S&P 500 pushed back below the May high (blue) on both Thursday and Friday last week, but strong closes saw both days close above that support. However, the rising support line, which is also the bottom of the rising wedge (red), was broken. We knew that sharp angle of incline could not last forever. The question is whether that break will be anything more than a change in the the angle of incline.

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

July’s bullish historical seasonality has so far panned out, but August and September are two of the weakest months of the year historically.

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

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.