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Thread: tsptalk's Market Talk

  1. #2941

    Default re: tsptalk's Market Talk

    Big day for the Transports but it's now testing some serious resistance (50-day EMA and descending trend line).


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  3. #2942

    Default re: tsptalk's Market Talk


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  5. #2943

    Default re: tsptalk's Market Talk

    Here's a couple of interesting charts today...

    The Nasdaq has made a new all-time high.




    The Transports broke out above the 50-day EMA, which was key, but there may be some resistance at the top of this parallel trading channel, which could also turn out to be a big bear flag. This chart may be key for this breakout to continue to the upside in the market in general.



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  7. #2944

    Join Date
    Nov 2009
    Location
    Petersburg, Alaska
    Posts
    351

    Default re: tsptalk's Market Talk

    Quote Originally Posted by tsptalk View Post
    Here's a couple of interesting charts today...

    The Nasdaq has made a new all-time high.
    Tom...how do the two charts look an hour later...did they break through the key resistance...

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  9. #2945

    Default re: tsptalk's Market Talk

    Still below the resistance on the Transports, but that is to be expected on the first push. This was a big, important move above the 50-day EMA. The question is whether it can breakout above that flag or whether it needs to fill that gap first.

    The Nasdaq is above resistance and doing fine.

    Busy week this week ending with the budget deadline / possible gov't shutdown.

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  11. #2946

    Join Date
    Jun 2014
    Location
    Virginia
    Posts
    433

    Default re: tsptalk's Market Talk

    Good call last Friday on things looking bullish!

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  13. #2947

    Default re: tsptalk's Market Talk

    Quote Originally Posted by tsptalk View Post
    Still below the resistance on the Transports, but that is to be expected on the first push. This was a big, important move above the 50-day EMA. The question is whether it can breakout above that flag or whether it needs to fill that gap first.

    The Nasdaq is above resistance and doing fine.

    Busy week this week ending with the budget deadline / possible gov't shutdown.
    So, are we looking at another Sell in May and go away Tom?

    What are your thoughts?

    Sent from my XT1080 using Tapatalk

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  15. #2948

    Default re: tsptalk's Market Talk

    Quote Originally Posted by Lakebound View Post
    So, are we looking at another Sell in May and go away Tom?

    What are your thoughts?
    As a general rule, that tends to work, but year by year it may or may not. For example last year if you sold at the end of April, you would have missed some volatile periods over the summer for sure, but at the end of the 6 months, the S&P was actually higher.


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  17. #2949

    Default re: tsptalk's Market Talk

    Quote Originally Posted by tsptalk View Post
    As a general rule, that tends to work, but year by year it may or may not. For example last year if you sold at the end of April, you would have missed some volatile periods over the summer for sure, but at the end of the 6 months, the S&P was actually higher.

    And let's not forget the Trump Factor as well as the Brexit and French elections too.

    Interesting times ahead.

    Sent from my XT1080 using Tapatalk

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  19. #2950

    Default re: tsptalk's Market Talk

    Small caps: 2 large open gaps below and bumping against the old high resistance line.


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  21. #2951

    Join Date
    Oct 2009
    Location
    Wisconsin
    Posts
    682

    Default re: tsptalk's Market Talk

    "Small caps: 2 large open gaps below and bumping against the old high resistance line."

    What to do, what to do...
    "All that is required for evil to succeed is for good men to do nothing." - Edmund Burke 100 G COB 04/25/17

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  23. #2952

    Default re: tsptalk's Market Talk

    Quote Originally Posted by Nordic View Post
    "Small caps: 2 large open gaps below and bumping against the old high resistance line."

    What to do, what to do...

    Ijumpedtoday


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