After yesterday's weak close it appeared that some selling pressure would be very near. And while the market did indeed open weak, the selling was brief and the rally was on after just 20 minutes below the neutral line. By 1100 EST the market settled into a choppy ascent the remainder of the day, ultimately closing near the highs of the day.
I seriously doubt that weak open was the pullback I was looking for. There were probably too many others looking for a decline in the very short
You can't win them all - Stocks saw modest losses yesterday as the indices were unable to hold onto early gains. The Dow lost just 22-points but the negative reversal made it seem worse... Market Commentary for 3/29/11 Current Daily Market Commentary
As you probably already know, I'm looking for a pullback early to mid-week this week to catch a lot of the newly minted bulls on the wrong side of the trade. The selling we saw at the end of the trading day today may be the beginning of that decline. It shouldn't last more than a couple of days or so, but it could be just scary enough to chase some weak hands back to the sidelines. This scenario seems to make sense given the surprising upside this market had recently, and one which left a lot of
By now, most of us know all about the trading limits in the Thrift Savings Plan. Just in case, here is a quick reminder:
In the TSP we get 2 Interfund Transfers (IFT) per month. After you've made 2 IFT's you can still move money into the G-fund, all at once or in small increments, as long as the IFT does not increase the allocation percentage of any other fund other than the G-fund.
IRA's are different. You basically have the opposite problem.
Updated 03-28-2011 at 02:49 PM by tsptalk
New downtrend being tested already - Stocks moved higher again yesterday, making it 5 of the last 6 days, and the major indices made impressive moves above a key resistance level, but ran right into another. The Dow closed up 85-points... Market Commentary for 3/28/11 Current Daily Market Commentary