So much for the Nasdaq rally triggered by Apple's earnings. This [15-minute chart] is the Nasdaq 100 futures just after the earnings report...
And this is what's happened since...
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.
So much for the Nasdaq rally triggered by Apple's earnings. This [15-minute chart] is the Nasdaq 100 futures just after the earnings report...
And this is what's happened since...
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.
HYG hanging precariously... Held prior 2 tests.
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.
Some interesting action in early trading 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.
More like nauseating.
May the force be with us.
It will be an interesting close today as the SPY floats above the 50-day EMA and below the old rising support line....
The dollar is slipping again causing small caps to lag.
I'd actually be surprised if the current gains hold as we head into the weekend with the current geopolitical chaos. I'd suspect some late selling, but that may seem to obvious, so maybe I will be surprised.
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 dollar is getting pop today, making its first higher high in a while. There are several open gaps overhead that may need attention.
I'm surprised to see the small caps under performing with the dollar up today, but I guess there were some profits to be had in the Russell 2K after Monday's big rally.
Dollar ETF...
15-minute chart of dollar futures...
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.
Nice development in the Transports as the old bear flag, which originally broke down but found support and created a "W" double bottom, has now broken to the upside, so if it closes up there, I'd say the bear flag is history. This would be day 3 above the 50-day EMA... if it holds into the close.
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.
Today's pullback is trying to fill the open gap from Monday. Will the bottom of the gap and that intermediate-term rising support hold?
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 credit markets have been a bright spot for the bull market and the HYG seems to be geting a little support here, but it's looking more like a bearish head and shoulders pattern so we'll we'll see if we get a larger right shoulder, if it makes new highs, or breaks down from here, first.
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 dollar may be breaking down from the bear flag we've talked about in the commentary...
http://www.tsptalk.com/mb/blogs/tspt...ng-tested.html
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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