That big bear flag may be an issue...
That big bear flag may be an issue...
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 very early action on Wednesday had the Transports diving down into the open gap, but it has already seen some dip buying and is off the lows. This will be interesting to see where it closes.
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 Russell 2000 is leading today after the proposed tax cuts to small businesses..
Trump proposes dramatic tax cuts for companies big and smallSmall businesses that account for their owners' personal incomes would see their top tax rate go from 39.6 percent to the proposed corporate tax rate of 15 percent.
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 probably need to hang onto the 20 and 50-day EMAs this week or a trip to the bottom of the flag is possible. The bottom of the filled gap is trying to hold as resistance so far 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.
The early action shows the S-fund index trying to hold above the old highs, while those large open gaps loom 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 don't see any evidence of this in the betting sites, but the headlines in the UK say that Le Pen is gaining ground on Macron in the French Election polls, which is being held next Sunday. Predictit.com still has Macon with an 84% chance of winning.
Macron PLUMMETS in the polls as Marine Le Pen enjoys boost a WEEK AWAY from election vote
"EMMANUEL Macron’s lead over Marine Le Pen has taken a heavy hit as France prepares to vote in the final round of the election on Sunday."
Marine Le Pen enjoys boost as Emmanuel Macron plummets in the polls | World | News | Express.co.uk
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.
Flags are strong patterns, but so are open gaps. The battle is on...
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.
Gap #2 was trying to get filled this morning on small caps chart...
And gap #1 was about 1/2 filled this morning on the S&P.
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 gap is filled on the High Yield Corporate Bond Fund.
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 have moved back toward the bottom of its flag and below the 50-day EMA. It may need to hold on here or risk a breakdown -- which it what bear flags tend 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.
Rats! I just noticed that Monday's public commentary page wasn't uploaded yet. ;swear
It was posted on the blog page, but sorry for the mishap. It should have been uploaded last night. Here it is...
TSP Talk - Market Commentary
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.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
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