Thread: tsptalk's Market Talk

Biotech hedge money has been seeking shelter in long bonds, thus driving down the interest rate - it's only temporary unless we are truly headed for symptomatic deflation. The Kress cycle could be at work behind the scenes applying downward pressure against the Fed QE.

Strong seasonality today (day -1 before Good Friday) but IBM seems to be putting the pressure on. It is responsible for about -50 Dow points right now so the Dow would be up about 15-points right now (Thursday morning) without IBM's loss.

Monday's seasonality is weak (day +1 after Easter weekend) but the following three days are positive again.

Nice little reversal day going on, but we've seen this movie before where the sellers show up in the last half hour to an hour and take the indices back to their lows of the day. We're nowhere near the highs either so it's not yet a positive reversal day. Could be a critical final hour of treading.

tsptalk.....Nice little reversal day going on, but we've seen this movie before where the sellers show up in the last half hour to an hour and take the indices back to their lows of the day. We're nowhere near the highs either so it's not yet a positive reversal day. Could be a critical final hour of treading.

Might be only temporary reversal.... Algos and Hedgies trying to suck in buyers before they sell off to the close ??
Just old cynical me... The last hour will tell.

I will be positive, Reversal sticks and we put in a hammer candle with a very long tail

You all keep it down. Im all in and I dont want anyone to notice

It could also be traders knowing there have been something like 7 positive Tuesdays in a row. The Fed's on deck the next two days and we know they can say something that could hurt the shorts, and it could have been some covering.

I wish the Nasdaq and small caps would get out of their rut.

Originally Posted by tsptalk

I wish the Nasdaq and small caps would get out of their rut.

that makes two of us

Another company is leaving the People's Republic of California. So long Toyota. The 3,000 jobs you are moving to Texas will be missed. Up to 3,000 people losing those jobs will be on the unemployment lines soon. Progressive policies run amok.

http://finance.yahoo.com/news/toyota...182247217.html

Dow and S&P down modestly. Transports and Nasdaq up. Small caps down big.

It's tough to analyze this market.

12:12 AM ET:

The jobs report was mixed and we see in today's action as the bulls and bears battle near the beak-even mark on the Dow and S&P, but it's nice to see the Nasdaq, small caps, and Transports all in the green. It's always a good sign to see these market leaders, leading to the upside.

Very nice little breakout here , if it can hold into the close...




The small caps still need a little help here...