TSP Market Summary: Week of May 12, 2018
Key Takeaways
- S&P 500 broke through resistance levels, closing at 2727 above its April high of 2708
- Both major indices crossed above 50-day moving averages, creating more bullish outlook
- Next resistance target at 2786 March high; momentum favors C, S, and I fund exposure
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 |
|---|---|---|---|---|
| 25% | 0% | 15% | 35% | 25% |
The S&P 500 finally had the breakout week we’ve been waiting for, closing Friday at 2727 which took out its previous high of 2708 on 18 April. Additionally, both the Dow and the S&P 500 crossed above their 50 day moving averages. That said, the next key level for the S&P 500 will be its previous high of 2786 from 9 March. But for now, the above items make for a more bullish case and for TSP TIPS, we are recommending a 25 percent increase in the equity funds (C/S/I).