Thread: tsptalk's Market Talk

The first 30 minutes of trading today were pretty eventful for the Tranports. The index fell hard but bounced once it neared the 50 and 200-day EMAs and ticked back into positive territory. One to watch today.

The S&P is stubbornly remaining within the trading range...

Conflicting signals. Two High Yield Bond funds heading in different directions. One is pulling back sharply, while the Credit Suisse is near new highs. A little confusing for those who like to use the high yield funds as an indicator for stocks.

The HYG High Yield Fund is rebounding today showing a possible sign of reversal from a low - although it's too early to say.

Originally Posted by tsptalk

Conflicting signals. Two High Yield Bond funds heading in different directions. One is pulling back sharply, while the Credit Suisse is near new highs. A little confusing for those who like to use the high yield funds as an indicator for stocks.

BOE cuts rates by .25% and will cut to 0% by the end of the year. Futures bounced right after the news came out.

Oh well, they just dropped back 30 points.

Yeah...the rate cut was expected.

Originally Posted by tsptalk

The HYG High Yield Fund is rebounding today showing a possible sign of reversal from a low - although it's too early to say.

The Transports were not looking all that impressive lately, and a small bear flag seemed to be forming, but today's rally has really helped the technical picture.

The Trannies were leading in early trading Monday, but hit some resistance that "shouldn't" hold too long. The question is whether that small gaps gets filled before we see a breakout.

Top of flag, small gap, and rising support being tested...