Not much of a break - It took a late push higher but the Dow closed higher for the 8th consecutive day. However, most major indices saw modest losses on the day although hardly making a dent in he charts... Market Commentary for 2/10/11 Current Daily Market Commentary
I'm not inclined to be much of a risk taker with my TSP account, at least not like I used to be. I let my Roth IRAs incur most of the risk these days as I stay fully invested in those. I suppose one could say I'm using TSP as a type of hedge in the event a major decline hits the markets.
But I'm not expecting one of those anytime soon. I think the Egyptian situation was ample reason for this market to sell-off and when that didn't do it I began to think this uptrend was darn near
More of the same - Stocks rallied. Bonds moved lower. The Dow moved higher for the 7th straight day closing up another 72-points... Market Commentary for 2/09/11 Current Daily Market Commentary
Another rate hike in China seemed to cause some direction-less trading early on, but as the trading day worn on the broader market managed to chop its way higher and closed out the session with yet another 2-year high.
Treasuries continued their slump, which saw the 10 year note close above 3.7%.
The Seven Sentinels got closer to a confirmed buy today, but fell short by a relatively slim margin. Here's the charts:
Cringing - Stocks rallied yet again yesterday, and that's now 10 of the last 12 days that the Dow, which gained 69-points on the day, closed higher.... Market Commentary for 2/08/11 Current Daily Market Commentary