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Today's Commentary (Short Term Outlook)
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Maybe today - or after
the holiday Stocks rallied strongly after indications that Greece may be bailed out. Whether this is what is really the concern of our market is questionable, as we obviously have our own concerns. Regardless, the bulls and bears will battle it out fighting for a breakout, or a breakdown. The Dow closed up 106-points. The TSP stock funds had a great day with the C-fund gaining 0.98%, the S-fund jumped 1.7%, and the I-fund was up 0.93%. The F-fund slipped 0.09%. I am usually a little skeptical of pre-holiday trading, particular big moves like we had yesterday. There is a tendency for the post-holiday trading to do a little flip-flopping, reversing the move. Basically we have the same situation despite the near breakout. We are in a short-term downtrend, and the recent rally off of the low has formed a bearish bear flag. A nice spike up today or Tuesday would be just what the bulls ordered to get the party started again. But the bears will do their best to keep this downtrend intact.  Charts provided courtesy of www.decisionpoint.com, analysis by TSP Talk I am going to cut this short as I am on the road taking a long weekend vacation. I'll get everything updated on the site today and this weekend, but I may be off the normal schedule. Thanks for reading. Have a great holiday weekend. Tom Crowley |