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Thread: tsptalk's Market Talk

  1. #2953

    Default re: tsptalk's Market Talk

    Quote Originally Posted by law87 View Post
    Ijumpedtoday

    the transportation average is not following this rally.

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  3. #2954

    Default Re: tsptalk's Market Talk

    That big bear flag may be an issue...


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  5. #2955

    Default Re: tsptalk's Market Talk

    The very early action on Wednesday had the Transports diving down into the open gap, but it has already seen some dip buying and is off the lows. This will be interesting to see where it closes.


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  7. #2956

    Default Re: tsptalk's Market Talk

    The Russell 2000 is leading today after the proposed tax cuts to small businesses..

    Small businesses that account for their owners' personal incomes would see their top tax rate go from 39.6 percent to the proposed corporate tax rate of 15 percent.
    Trump proposes dramatic tax cuts for companies big and small


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  9. #2957

    Default Re: tsptalk's Market Talk

    The Transports probably need to hang onto the 20 and 50-day EMAs this week or a trip to the bottom of the flag is possible. The bottom of the filled gap is trying to hold as resistance so far today.


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  11. #2958

    Default Re: tsptalk's Market Talk

    The early action shows the S-fund index trying to hold above the old highs, while those large open gaps loom below it...


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