TSP closing numbers & charts as of 2/7/2106–The pain continues

PIP last 12 months = –8.54%

 

The bad news is the S&P 500 dropped 3% last week. The good news is that we are back in the box and support is still holding. I was hoping we were not coming back down this low but this market is crazy. $1870, if that breaks and price closes below that point next week, we are in trouble. Volatility is turning back up and fear is going to cause markets to sell off. So speaking of fear, where are we?

We are close to the bottom of this chart so one would think that the shake out is about done and higher prices are near. Just when the little man is bailing out is normally where the you would expect prices to rip higher and leave the little man out. So I will watch this $1870 area closely and hope all these bottom signals workout.

 

The Small Cap also took a beating this week. Not much more I can say here other than support is building at $881 and that needs to hold.

 

The International actually created a lower pivot high which normally means lower prices for a minimum of 7-10 trading days.

 

Bonds daily didn’t do much of anything this week. The current very short uptrend is still working and this is the only index we have not taking a beating.

 

Concluison: I’m tired of losing money but I have to hang in here a bit more for a sign of direction. To me right now we are churning and building support. That support has to hold.