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  1. The Beat Goes On

    by , 09-08-2011 at 04:55 PM (Coolhand's Market Analysis)
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    After mounting an impressive rally since the intra-day low on Tuesday, the broader market sold off in moderate fashion, but only retraced a portion of yesterday's gains.

    Let's see, we have to have a reason each time the market inhales or exhales and today is no exception. We can at least partially blame Fitch for today's turnaround as their analysts stated that a debt rating downgrade may be levied against both Japan and China. We also ...
  2. Follow-through

    by , 09-07-2011 at 08:03 PM (TSP Talk Blog)


    The big reversal on Tuesday saw some strong follow-through yesterday as the Dow added another 275-points for a gain of nearly 500-points from Tuesday's low to Wednesday's close.

    This follow-through is typical behavior after a reversal day but the market swings have been wider than usual, which is also typical during bear markets, or when a market is is ready to reverse. Being officially in a bear market we might expect
  3. Another Bounce

    by , 09-07-2011 at 05:46 PM (Coolhand's Market Analysis)
    Back up the channel we go.

    Now that the European Union has dodged another bullet (for the moment), it appears the market has something to cheer about again. A lawsuit filed to prevent Germany from providing more support towards European Union bailouts was tossed out by a German court. That sent the bourses into a significant rally of 3% to 4%, which then carried over into our own market.

    From yesterday's intra-day low to today's closing price, the S&P 500 has rallied ...
  4. Reversal?

    by , 09-06-2011 at 08:15 PM (TSP Talk Blog)


    I would not count on a big turnaround, but stocks did put in an impressive intra-day reversal as the Dow managed to close down "just" 101-points after being down 300 earlier.

    For the TSP, the C-fund closed down 0.74% yesterday, the S-fund lost 0.53%, the I-fund dropped 3.85% with the dollar rallying
  5. Downside Follow Through, But Buyers Step In

    by , 09-06-2011 at 07:17 PM (Coolhand's Market Analysis)
    There's a quite a bit going on in the global markets right now, but I'm not going to cover any of it in tonight's blog as I'm pressed for time. But if you haven't had a chance to check out my account talk thread, I posted a long line of links this morning that covered a lot of economic territory. Check it out if you haven't already.

    Here's today's charts:

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    NAMO and NYMO continued lower today and remain on sells. Both are now ...
S&P 500 (C fund)
Dow Completion (S fund)
EFA (I fund)
Bonds (F fund)