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.
"Welcome back my friends to the show that never ends...
Did the futures drop right after the cash market closed on Thursday? All the futures quotes are basically flat, but the flat line doesn't start until 4:15 PM ET. So if the futures dropped between 4:00 PM and 4:15 PM ET, that would not be part of tonight's futures quote. That would be a positive fair value that gets taken off the futures quote (I know, it's confusing) to determine the possible opening price.
The reason I ask is because Bloomberg TV shows a sharp drop on the 2-day chart right after the close today, despite showing the futures as flat.
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 quit trusting Bloomberg after I found out which Bloomberg owns the company! Put down that LARGE COKE!
Interesting day. Dow up. S&P down modestly at -0.25%. Transports down about a half percent. Nasdaq and Russell getting pounded with each down over 1%.
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.
Rotation is good as more brokerage firm strategists have waved the white flag and ditched their pessimistic predictions. A healthier U.S. economy, solid corporate profits and low interest rates have persuaded many bearish analysts that a major pullback for stocks isn't in the cards at least well into next year. A few bumps in the road actually helps a buy and holder such as bulldaddy - better days ahead for the next five years. That means millions of dollars for a guy like me.
The SPY is testing both sides of the falling wedge 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.
Per Wall Street Journal, the FED will keep "for considerable time" in statement tomorrow about low interest rates..
Soothing the Markets...
Dow Hits New Record Intraday-High Ahead Of Fed & Scottish Uncertainty | Zero Hedge
Here goes the Russell again, flirting with the 200-day EMA. The lower end of the wedge may be tested next, but will stocks breakdown during the October prior to a mid-term election? The chart might suggest that, but it's not historically typical. Now September? That's a different story. Septembers are typically weak during mid-term years so the market has a week or two to be careful.
This is an old chart so the "You are here" is not correct. We're obviously in September...
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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