Market Comments

 August 11, 2010

Current TSP Share Prices
Today's Commentary                                                  
Fed gives temporary relief

Stocks opened sharply lower yesterday but the Fed's policy statement seemed to bring buyers to the table.  After hitting the break even mark just before 3 PM ET, the market drifted lower again and the Dow closed down 54-points.

        

For the TSP, the C-fund lost 0.59%, the S-fund dropped 1.60%, and the I-fund fell 0.78%.  The F-fund (bonds) added 0.09%.

The S&P 500 temporarily broke below the support of the rising wedge, but closed back within it.  resistance above still looms and the index remains in a tight trading range, coiling up for its next move. 


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

I'm on vacation for the next week so I will be cutting the commentaries short.

 Thanks for reading!  I'll touch base again tomorrow.

Tom Crowley   

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