Thread: tsptalk's Market Talk

I hope your night is going better...

Asian stocks are falling...



Oil futures dumping again...




And the S&P and Nasdaq futures are testing Tuesday's lows.

How Iran Could Quickly Send Oil Prices Even Lower - WSJ

Real-Time Stock Indices Futures




Real Time Streaming Futures Quotes (CFDs)

PricePerformanceTechnicalSpecification


11:30 pm CT 1/19/16 Forecast: Pain, followed by widely scattered despair.

	Index	Month	Last	Prev.	High	Low	Chg.	Chg. %	Time
	Dow 30	Mar 16	15,633.0	15,913.0	15,939.5	15,627.5	-280.0	-1.76%	0514
	S&P 500	Mar 16	1,841.00	1,873.00	1,878.50	1,840.25	-32.00	-1.71%	0514
	Nasdaq	Mar 16	4,064.50	4,144.50	4,156.25	4,059.88	-80.00	-1.93%	0514
	SmallCap 2000	Mar 16	974.6	989.9	990.0	974.1	-15.3	-1.55%	0514
	S&P 500 VIX	Feb 16	25.68	24.13	25.68	23.98	+1.55	+6.42%	0500
	S&P/TSX 60	Mar 16	703.25	703.25	709.60	696.25	+3.45	+0.49%	19/01
	DAX	Mar 16	9,420.6	9,602.6	9,635.8	9,405.8	-182.0	-1.90%	0509
	CAC 40	Feb 16	4,148.9	4,237.5	4,256.1	4,148.5	-88.6	-2.09%	0509
	FTSE 100	Mar 16	5,700.5	5,787.3	5,806.5	5,699.3	-86.8	-1.50%	0509
	Euro Stoxx 50	Mar 16	2,961.5	2,961.5	3,003.5	2,929.5	+32.5	+1.11%	19/

As of right now, the Transports are down 23% since the November peak at the 200-day EMA. They are down 30% from the highs in late 2014.

The Russell 2000 is down 20% from the 1st of December, and 26% from the June highs last year.

Oil is down 55% since the summer, and an incredible 74% from the summer of 2014.

It seems unreal, but this kind of pain means relief should be close at hand, although it never feels like it.

Barring a crash, markets don't go straight down so again, relief is likely on the way, and bear market rallies can be very powerful. But if you are not a buy and holder you may have to be ready to sell those rallies. As hard as it is to buy under these conditions, it's similarly difficult to sell snap-back rallies out of fear of missing gains.

In an emotional market like this, it's all about fear and greed.

Great post!

Originally Posted by tsptalk

As of right now, the Transports are down 23% since the November peak at the 200-day EMA. They are down 30% from the highs in late 2014.

The Russell 2000 is down 20% from the 1st of December, and 26% from the June highs last year.

Oil is down 55% since the summer, and an incredible 74% from the summer of 2014.

It seems unreal, but this kind of pain means relief should be close at hand, although it never feels like it.

Barring a crash, markets don't go straight down so again, relief is likely on the way, and bear market rallies can be very powerful. But if you are not a buy and holder you may have to be ready to sell those rallies. As hard as it is to buy under these conditions, it's similarly difficult to sell snap-back rallies out of fear of missing gains.

In an emotional market like this, it's all about fear and greed.

Not sure about the greed part but I ain't skerred! Just another blue light special.

It ain't a loss until you sell. (So I keep telling myself anyway!)
Anywho 'total commitment' continues.

https://www.youtube.com/watch?v=7PmMIMW5HJY

Originally Posted by tsptalk

Testing the Sept. low. August's next?

Oct 2014 support in play now looks like (not shown above, sorry, need to figure out how to post charts here). I do like TSPTALKS's post. Relief rally on the way. Watching for that for sure.

Originally Posted by exnavyew

It ain't a loss until you sell.

I don't know. If it looks like a loss. And feels like a loss. And you have a margin call from your broker ... it's a loss. The only one who doesn't know it is a loss until it's sold is the IRS.

Originally Posted by BooDog

Oct 2014 support in play now looks like (not shown above, sorry, need to figure out how to post charts here). I do like TSPTALKS's post. Relief rally on the way. Watching for that for sure.

Good catch.

Originally Posted by tsptalk

Good catch.

Was that support? (consults rearview mirror)