TSP Talk Sentiment Survey results for the week of 03/14/11 - 03/18/11 Buy: The TSP Talk Sentiment Survey gave another buy signal this week after the 0.59 to 1 bulls (33%) to bears (56%) ratio. The system's allocation remains 100% S-Fund for next week. Bull market rules are in affect since 9/27/10: See latest survey results
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First the good news. The S&P 500's one-month low of 1294 held. The bad news is that it closed trade today below its 50-day moving average for the first time in six months.
There was no shortage of negative headlines either. But headlines aside, this market has been under pressure for at least 2 weeks. I have to wonder where the averages would be if it wasn't for QE2.
Among the headlines today, China reported a February trade deficit of about $7 billion, which caught
Waiting for the next move - Stocks were flat to slightly lower yesterday as the Dow lost 1-point on the day... Market Commentary for 3/10/11 Current Daily Market Commentary
The broader market traded in volatile fashion in the morning session and by noon was near the flat line. From there it chopped its way lower with the S&P closing out today's trading with a 0.14% loss, while the Wilshire 4500 posted a more moderate 0.36% loss. The Nasdaq fared a bit worse with a 0.51% loss, but even that wasn't as bad as it could have been.
Not surprisingly, oil was the main focus today in a market largely devoid of catalysts. At the close oil had traded down with
Updated 03-09-2011 at 09:25 PM by coolhand (Changed BPCOMPQ to a buy.)
The S&P is trying to fight the bear flag epidemic - Stocks rebounded off support once again as the major indices have been consolidating for two-weeks and can't seem to decide which way to break. The Dow gained 124-points on the day... Market Commentary for 3/09/11 Current Daily Market Commentary