TSP Weekly numbers 7/6/12

S&P 500
Small Cap 
International Index 
Number of S&P 100 Stocks above their 150 day moving average.
There is not much I want to say about any of the indexes with the exception of just a few points. Below is the 10 minute chart of the S&P 500. Look at the last square to the right of the chart, that is Friday. First point, notice the big opening drop once the Job Report was released. Second point, starting at 2:20 pm the market came roaring back and finished strong into the close. I like that. It should have kept fading, but it didn’t.

A pullback here is not a bad thing and helps keep the market healthy. The main points is to stay above the 50 day moving averages which all three indexes are doing even though Friday was a day none of us wants to see. But everyday can’t go up. You have to take the good with the bad, so as long as we do not break down through the 50 day moving average and support, we are ok.
We need the S&P to hold 2 key levels this week and that is $1340 and $1310. Yes that is a large range but $1340 is close to the 50 day and $1310 is the last pivot low. Obviously, if we fall through  $1340 it would be a possible pull out point, but let’s watch and wait. 
The Small cap key level our $675 and our CBL level $657. We are good at the moment.
The International Index is still a watch for me. We still need to get through $50.83 and the last 2 days were down days.
Conclusion: If your in, hold the line. I’m staying put at my current mix. Your out? Well I would wait until prices start to rise again. We’ve just had one down day, so wait to see what next Monday and Tuesday bring and then make a decision. Taking out the last weeks highs would be a good entry if you need a number.
I put four link at the top of this post below the reported numbers. You can click those bookmark them and they will always update to give you the current status of the 50 day moving averages. There are two 50 days on there. One is simple the other exponential. Without going into great detail, as long as price is above both you should normally be in the market. If both 50 days are in an uptrend you should be in the market. When they start to criss-cross, lookout change may be upon us.

TSP Distribution:  C-fund 50%, S-fund 40%, G-fund 10%