Market Comments

 March 10, 2010

Current TSP Share Prices
Today's Commentary (Short Term Outlook)                          
Tired market?

Stocks got off to a slow start yesterday, but rallied strongly as the day progressed, only to lose much of those gains, finishing modestly positive.  The Dow added 12-points but the market leaders, the Nasdaq and Transports, once again led the way.
                                         
     

                                          

For the TSP, the C-fund was up 0.18%, the S-fund gained 0.27%, and the I-fund lost 0.25%. Bonds were up 0.11%. 

The 2007 S&P 500 rhyme is still holding pretty well as we seem to get a couple of days of sideways action, followed by a rally, sideways, etc.  The market did show signs of fatigue yesterday and it remains overbought, so the late reversal could be a concern.
      
                     Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk

The moving averages (EMA's) are all in bullish positions, the trend is still up.  That means I am still in 'buy the dips' mode and anticipate that any pullback will hold at the EMA's and trendlines.  If those levels don't hold, the defense will come back on the field.  Until then, it's tough not to stay bullish.

Yesterday I had a very heavy schedule and did not get much time to update this page, so I am going to leave it at that.  If I get a chance later, and if something interesting happens, I may post an update.
Thanks for reading.  See you back here tomorrow.

Tom Crowley

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