Big day for Tranports, up 2%. These kind of days tend to bring follow-through days, but there is still a big roadblock near 8300 - the descending resistance.
Small caps have reversed nicely, but still below the 200-day EMA.
The bear market in the Transport wins out again as the resistance and 50-day EMA held, and boom - down it goes.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Big day for Tranports, up 2%. These kind of days tend to bring follow-through days, but there is still a big roadblock near 8300 - the descending resistance.
Small caps have reversed nicely, but still below the 200-day EMA.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
+2.9% and knocking on the door again...
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
It's a break of the intermedaite-term downtrend but it's still in a bear market and that 200-day EMA will likely be a determining factor. But it's sure nice to see some life there again.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
(Note: I locked in Tues/Wed gains and got out 100% G - COB 7/29)
(might regret it tomo!),
awaiting next 'signal' and fresh Aug IFT's.
Parked for now in the G.)
Simply FYI.
Article below is simply FWIW:
UPS fires warning shot across the bow of the stock market and the Fed
UPS fires warning shot across the bow of the stock market and the Fed - MarketWatch
Ignore the title. (covers several issues). Good read IMHO.
-------------------------------------------------------
"Sometimes, the anticipation of an event is far more troubling than when the event occurs. Waiting stinks and thinking too much raises calls forward all the fears possible in one’s mind. Finally, when the day arrives and the event occurs, life gets brighter somehow and we can move forward once again.
Such a time is now and the event is the Fed finally raising its Fed Funds rate. Trust me that the global markets won’t enter a tailspin nor the economies turn down. It is a sign of economic strength, not weakness. "
End the Suspense Already and Raise Rates
S&P and Dow Completion Index (C and S funds) are already trying to close their open gaps from Monday...
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Whahappon? The S&P futures just dove 16-points in a few minutes, and gold fell $8. I haven't seen anything in the news yet.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Only thing I see so far:
http://www.cnbc.com/2015/08/11/pboc-...n-tuesday.html
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
Wow, gold just shot back to get back that loss, but the S&P futures are still near the lows.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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