TSP Market Summary: Week of December 06, 2015
Key Takeaways
- S&P 500 broke above key 2100 resistance level on Tuesday, a positive technical signal
- High volatility this week suggests maintaining current TSP allocation rather than changes
- Despite daily swings of 250+ points, markets ended week slightly positive showing resilience
What an interesting week for the markets!! On Tuesday, the S&P 500 closed above that 2100 resistance level which was outstanding. Then came Thursday when the Dow fell 252 points, only to rally on Friday with a gain of 370 points. When all was said and done, the S&P 500 closed up 1.6 points for the week, which is at least in the right direction. As such, we recommend maintaining the same allocation.