Market Update: 25 May 2023

Grow Analyst May 25, 2023

4 Comments

The market has rolled over a bit since breaking the 4200 resistance level, and there is a lot of angst about the debt ceiling. There is reason to be cautious but the Bulls are hanging in there!

In this Market Update, we look at the current support/resistance levels of the C fund and our lines in the sand. More importantly, we look at a chart of yield and the C fund. It’s the Most Important Chart to Watch Now! The correlation between yield and stocks will tell us the direction of this market…

Enjoy!

The Grow My TSP Team

Categories: Market Update

Responses

Bruce May 25, 2023

And, sell in May and walk away histogram adds to the equation. Classic chart on Sectors too.

Thank you for the update. I was wondering what you were thinking. Appreciate it.

Reply
1. Jerry May 25, 2023
  
  Thanks Bruce!
  
  Reply
Timothy May 25, 2023

Thanks for the update! If I recall, for the current GMTSP allocation, the line in the sand for the c fund is a close below 4050? And yes, while watching some financial news today, many were commenting on the narrow breadth in the S &P. It was a bit disconcerting to hear the percentage of stocks down to up….and the weight of the S &P being primarily carried by big tech and AI. Thanks again for the update.

Reply
1. Jerry May 26, 2023
  
  Thanks Tim. Yes, a close below 4050 would be a serious problem. Ideally, price and the technical indicators would give us a sell signal long before 4050.
  
  Reply

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