Thread: tsptalk's Market Talk

Any move by the Fed would be a big surprise at this meeting. No economic projections summary or press conference scheduled.

Tom-
what did the Fed say if anything to move the market ??

December rate hike probability trading at nearly 70%

The Federal Reserve remains on track to hike rates in December, even though it held back Wednesday from making a strong pronouncement about the time frame.

http://www.cnbc.com/2016/11/02/the-f...-december.html

As dismal as the action has been, the Transports are actually trying to break out of a nice cup and handle formation...

Originally Posted by tsptalk

As dismal as the action has been, the Transports are actually trying to break out of a nice cup and handle formation...

So with divergence, who's the leader? Is the S&P action more emotional while DJT rational based on earnings, etc.?

Obviously the TSP'ers only care about the S&P, small caps, and EAFE, but the Dow Transportation Index is the economically sensitive leader of the stock market normally. It was the one lagging for the last couple of years and now we see the S&P catching up to that weakness. How far behind the followers are however... ??? Plus we need to see it move above the recent highs, but the C&H breakout looks promising.

Will the 3rd time be the charm? Trannies trying to break out of cup and handle formation...

Originally Posted by tsptalk

Will the 3rd time be the charm? Trannies trying to break out of cup and handle formation...

Looks like it so far Tom.

Frank

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Thar she blows! Should be a fun last hour of trading. The bears are making their move... will the bulls have anything in the tank to fight back?

Show's a broken link

Originally Posted by tsptalk

Will the 3rd time be the charm? Trannies trying to break out of cup and handle formation...

Here's an updated one. Not sure what happened to that first one.

The bad news - it couldn't hold most of the early gains. The good news, it closed above the handle of the C&H formation.