All Blog Entries

Stocks manage to close at record highs after a turbulent week. The week started with a gap up to new highs after Pfizer reported a Covid-19 vaccine trials that were 90% effective. The euphoria did not last the whole trading day and the market gave back a good chunk of the gains back out of record high territory. The action that followed over the next few days came from a rotation out of the big tech stay at home names and into more economy sensitive sectors that have lagged since March. This week's ...

Originally Posted by coolhand

Friday's action saw the bulls rally the market to cap a great week. All 3 TSP stock funds were up more than 2%. And so far, all 3 TSP stock funds are up close to 10% or more in the month of November and we are only mid-month.




The action may have had a bearish feel to it earlier in the week, but the charts themselves are not bearish. The brief turbulence was unusual and many (including myself) were questioning

...

Stocks depressed Thursday with concerns of the economy's recovery following a couple days of choppy action. Investors took some profits after the excitement in stocks through the election and the vaccine trial news. In retrospect profit taking seemed inevitable but we all know the market doesn't always play with logic.

Investors are looking past the step towards a vaccine and stimulus package to focus in on the short-term. New Covid-19 cases are consistently at or around record ...

Filling in for Tom on Friday is TommyIV from the Weekly Wrap Up:

Stocks depressed Thursday with concerns of the economy's recovery following a couple days of choppy action. Investors took some profits after the excitement in stocks through the election and the vaccine trial news. In retrospect profit taking seemed inevitable but we all know the market doesn't always play with logic.

Investors are looking past the step towards a vaccine and stimulus ...

Originally Posted by coolhand

The market fell today, but price remains in a multi-day range over the past week. Coiling for a move higher?




We can see from the charts that price has stalled. Volume has fallen off since earlier this week. Momentum is still rising, but weakening a bit.



Breadth fell, but still remains bullish.

The latest NAAIM reading shows this

...