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.
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.
Yup, that was a classic bull flag breakout. Very impressive considering those 4 consecutive negative reversal days heading up to last Friday.
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 intraday bounce, but here comes the last hour.
The Dow is still lagging, down 180+, but the S&P is flat and small caps are showing strong relative strength.
I am hardly ever surprised when the market does the opposite of the obvious, so heading into the weekend we might expect some selling, so maybe we should expect the opposite?
The opposite: https://www.youtube.com/watch?v=Q40IwQF65a4&t=65s
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.
After a series of more minor economic reports coming in lighter than expected while yields were rising, investors and the market were acting tepidly. Now this strong jobs report, coupled with a non-threatening wage gain, gave the tepid bulls an excuse to buy today.
Historically however, when jobs reports came in 50,000 above or below estimates the ensuing rally or sell-off that came with it, had a tendency to reverse in the coming days. Whether that's the case this time, I don't know. We saw what happened in 2017 where we needed to throw "historically" out the window.
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.
Well, we got the post jobs report reversal, but now it it is testing the 50-day SMA for support. So fat it has, but I don't know if that can hold if that gap remains open. It's a small technicality, but there is still a gap there.
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.
We had a couple of interesting intra-day breakdowns by the S&P and Nasdaq as far as support lines. The S&P 500 is clinging to the 50-day EMA so far, but if that goes, there's not much support below that. Is this the big bear flags starting to break?
Last edited by tsptalk; 03-19-2018 at 11:01 AM. Reason: correction
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.
Looks like it may be the historical retesting of the low from Feb. If it dips lower and goes on, guessing we are entering a recession.
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