The Trannies are bouncing back nicely today, but remain in that small (and large) bear flag.
Market’s ‘Fear Gauge’ Nears 1993 Low
https://www.wsj.com/articles/markets...low-1494263976Low reading indicates investor comfort with current market but also raises questions about index’s reliability
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.
The Trannies are bouncing back nicely today, but remain in that small (and large) bear flag.
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.
A tale of two leaders...
The small caps are rising to the top of their bear flag, but still in a bear flag, but keeping the case alive for a possible "V" bottom low.
The Transports however, are breaking down from their bear flag.
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.
Smalls caps trying to recover from a bear flag breakdown...
The Transports are also down sharply but trying to crawl back toward the flag....
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.
Bonds are jumping today - breaking the downtrend in the AGG with the gap open. That 50-day EMA held well.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
The early action has the large caps doing well again and the S&P is poking its head back into new high territory to start the day.
The market leaders, small caps and Transports, which have been lagging lately, are popping too this morning, but they are right back in the bear flags and have some work to do...
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.
The early action shows the bear flag breakdowns in the Transports and small caps. We've seen a lot of buying the dips in recent weeks, so let's see where it closes before calling these official breakdowns.
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.
Two of the three open gaps on the S&P got filled (red) so far this morning, opening another gap overhead. That leaves one open gap above and one below (blue). Both are pretty good sized gaps.
The small caps and Transports also opened gaps this morning but they didn't have any open gaps coming into today.
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.
Filled! All 3 today....
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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