I hadn't even noticed that small open gap until I just zoomed in this morning...
That 50-day EMA continues to be stubborn today...
The Nasdaq pierced it, but has since fallen back below it.
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.
I hadn't even noticed that small open gap until I just zoomed in this morning...
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.
10-year Treasury yield is down again as there is some move to safety (bonds) today because of the weakness in stocks. But that looks like a bull flag. The question is whether that open gap gets filled or if the immediate support holds...
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 S&P 500 is making an encouraging move above some resistance, including the 50-day EMA, but the close will be key.
The small caps have been even more impressive having broken its short-term resistance line and 50-day EMA last week, but it's now up against some longer-term resistance.
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 Transports had a good morning but it has so far failed at breaking out above the 50-day EMA and descending resistance line. It needs a strong close or else it may be testing the 200-day EMA again soon.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Encouraging early action in the S&P, small caps, and Transports.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
There goes the 10-year yield and it looks like it does matter as stocks struggle this morning...
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 S&P is off the lows but it didn;t fill the open gap near 2700 yet. It also opened another gap near 2725 in the process...
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.
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.
Tracking the gaps... Today's rally is trying to fill Tuesday's gap. Last week's gap was filled yesterday. Monday's highs got in, but didn't quite fill the gap from last March.
Red gaps are open or partially open. Blue gaps are filled.
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.
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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