Thread: tsptalk's Market Talk

The Russell 2000 is trying to hold onto a double bottom after breaking rising support line earlier this week...

Cup n Handle forming on SPY 15 min. chart?

SPY 26SEP.jpg

I've been watching an even shorter time frame (1 min) looking for a feel and a place to trade but there have been very few 1-minute red bars since about 1 PM ET. Relentless buying.

The Russell broke its long-term rising trading channel a long time ago. Will the S&P's hold?...

The Russell 2000 pulled back after hitting resistance this morning, then filled Friday's small open gap. Interesting situation - make or break for the "bottom".

Monday morning gaps tend to get filled quickly, but where they go from there is the key.

Look for a possible afternoon spike after the Fed goes shopping...

Purchase Operations
Operation Date1	Settlement Date	Operation Type	Maturity Range	Expected Purchase Size
Mon, Oct 06, 2014	Tue, Oct 07, 2014	Outright Treasury Coupon Purchases	11/15/2021 - 08/15/2024	$1.40 - $1.70 billion
Tue, Oct 07, 2014	Wed, Oct 08, 2014	Outright TIPS Purchases	01/15/2019 - 02/15/2044	$0.25 - $0.35 billion

http://www.newyorkfed.org/markets/to..._schedule.html

Originally Posted by tsptalk

Look for a possible afternoon spike after the Fed goes shopping...

Purchase Operations
Operation Date1	Settlement Date	Operation Type	Maturity Range	Expected Purchase Size
Mon, Oct 06, 2014	Tue, Oct 07, 2014	Outright Treasury Coupon Purchases	11/15/2021 - 08/15/2024	$1.40 - $1.70 billion
Tue, Oct 07, 2014	Wed, Oct 08, 2014	Outright TIPS Purchases	01/15/2019 - 02/15/2044	$0.25 - $0.35 billion

Tentative Outright Treasury Operation Schedule - Federal Reserve Bank of New York

Interesting. What time does this occur?

Already happened, good call Tom. Did you buy in advance?

Originally Posted by jkenjohnson

Interesting. What time does this occur?

No. I don't really trade with that short of an outlook. Days, not minutes or hours for me.

1940-1942 looks like an area that needs to hold for the reversal to remain valid. It can go lower, but it loses some of the "bottom" look.

ouch