TSP Market Summary: Week of May 28, 2016
Key Takeaways
- S&P 500 finally broke above its recent trading range, closing near 2100 level
- Positive momentum led to recommendations for higher equity fund (C/S/I) allocations
- Key resistance at 2132 (52-week high) will test whether this breakout continues
Recommended Allocation (Moderate Profile)
This is our historical recommendation from this date. For current recommendations, subscribe.
| G Fund | F Fund | C Fund | S Fund | I Fund |
|---|---|---|---|---|
| 10% | 10% | 45% | 25% | 10% |
First of all, we hope you’re enjoying this Memorial Day weekend!! Well the S&P 500 finally broke out of that range we’ve been talking about and closed out the week just shy of 2100. While this was bullish, the next hurdle will be to see if it can break through that resistance level of 2132, it’s 52 week high. Given this positive news, we’re recommending an increase of our current bullish posture in the equity funds (C/S/I) to 80 percent. NOTE: We recommend reallocating over the long weekend to take advantage of this second transaction prior to the end of May.