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  1. What shutdown?

    After a weak open, stocks moved solidly higher again on Monday as the relentless rally continues to roll along. The Dow opened about 70-points to the downside to start the week but it closed with another flurry and a gain of 143-points, while the Nasdaq tacked on another 1% gain. New highs in major indices have become a daily event as the melt-up continues.

  2. Shutdown

    Stocks were behaving a little tentatively on Friday morning and into the early afternoon, but a late afternoon rally saw them close at their highs and new all time highs in most cases. The Dow gained 54-points with small caps leading the way. Bonds fell sharply as 10-year Treasury yields hit a 3+ year high.
  3. Bitcoin chart update: 20 Jan 2018

    Well, Bitcoin's price action did not stay in the pennant that I showed last week. The big sell off a few days ago broke the resistance of the rising floor and damaged that setup.

    namor's Vegas Boxer account-20jan18-flag-fail-jpg

    However, the sell off stabilized in time to setup a new descending channel that looks like a bull flag on the 1-day chart (every candlestick is 24 hours of trading).

    namor's Vegas Boxer account-20jan18-new-bull-flag-jpg

    I added the MACD and RSI as additional indicators at the ...
  4. TSP Talk Weekly Wrap Up

    Stocks opened higher to start the week last Tuesday but sold off intra-day falling into negative territory. The uncharacteristic day alarmed investors who fear the day the relentless bull market we've become so use to ends. However, it was not that day. Stocks rallied Wednesday to erase Tuesday's losses resuming the usual momentum of this market. The action was mixed for the rest of the week but with the potential for a government shutdown and a couple of bad earnings reports on Friday it seemed ...
  5. A pause

    We saw some red on Thursday but nothing serious considering the gains leading up the selling. It was kind of a yawner and rather than selling, it was more of a slowdown in buying. The Dow lost 98-points with smaller percentage losses in the broader S&P and Nasdaq, while the small caps lost almost a half of a percent. ...
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