Analysts waiting for secondary confirmation before making allocation changes, emphasizing patience
The S&P 500 had its best week since January 2013 closing at 2732 Friday after a six-day winning streak. Although still below its 2018 highs, we’ll call it a comeback week after the big market correction sell off. Last week we mentioned how our TSP equity funds closed below their 50 day moving averages, but this week the C/S/I TSP funds rebounded and closed above their 50 day moving averages. While this is a good initial indicator, we are going to wait on our second allocation change of the month until our secondary Performance Ranking indicator also gives us a buy. This is the patience part of investing, but in the meantime, we wish our TSP TIPS subscribers a relaxing three-day Presidents Day long weekend.
The S&P 500 had its best week since January 2013 closing at 2732 Friday after a six-day winning streak. Although still below its 2018 highs, we’ll call it a comeback week after the big market correction sell off. Last week we mentioned how our TSP equity funds closed below their 50 day moving averages, but this week the C/S/I TSP funds rebounded and closed above their 50 day moving averages. While this is a good initial indicator, we are going to wait on our second allocation change of the month until our secondary Performance Ranking indicator also gives us a buy. This is the patience part of investing, but in the meantime, we wish our TSP TIPS subscribers a relaxing three-day Presidents Day long weekend.