S&P 500 closed at 1999.99, just shy of the psychologically important 2000 level
All three equity TSP funds (C/S/I) now trading above their 50-day moving averages
Market consolidation possible short-term, with 2020 as next key resistance level to watch
Well, you can’t get much closer to crossing the 2000 level on the S&P 500 than it did on Friday, as the S&P 500 ended the week at 1999.99. All three equity funds (C/S/I) have now had their price close above their 50 day moving averages, as the S and I funds did so last week. We might see come consolidation in the markets in the upcoming week, but the next key S&P 500 level is 2020. If the S&P 500 can cross that, we’ll increase the equity funds (C/S/I) allocation.
Well, you can’t get much closer to crossing the 2000 level on the S&P 500 than it did on Friday, as the S&P 500 ended the week at 1999.99. All three equity funds (C/S/I) have now had their price close above their 50 day moving averages, as the S and I funds did so last week. We might see come consolidation in the markets in the upcoming week, but the next key S&P 500 level is 2020. If the S&P 500 can cross that, we’ll increase the equity funds (C/S/I) allocation.