TSP Market Summary: Week of April 11, 2022
Key Takeaways
- S&P 500 fell below critical support level of 4424, ending three-week trading range
- Technical breakdown signals time to reduce stock exposure and take profits defensively
- Chart pattern from March lows confirms sell signal for risk management purposes
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 |
|---|---|---|---|---|
| 40% | 0% | 60% | 0% | 0% |
In this weekends update it was mentioned that the S&P 500 has become range bound over the last three weeks between 4424 and 4637. That 4424 was a support level, and the S&P 500 broke through that today on the downside, closing at 4412. For those of you that like charts, pull up a weekly chart of the S&P 500 at Yahoo Finance. If you look at the last two positive (or green) weeks of March 20 and 27, youll see that the low of those two weeks was 4424. As such, closing below that level has triggered a take some money off the table sell signal, and we recommend the following reallocation.