Gap filled. I feel better now. All is right in the world again.
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.
Not much working today, bonds/gold flat, ck out the dollar's spike in volume...
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Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
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.
Things I'm watching...
The 50-day EMA is being tested, but it hasn't been holding recently. Also, it's the close that matters, but right now the PMO is pulling back from its moving average too. (that could change by 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.
Bernanke Was Right: Interest Rates Aren’t Going Anywhere
Last week's Federal Reserve policy announcement was a big one. In response to a tightening in the labor market, the Fed set the stage for an interest rate hike possibly as soon as June by removing the "patient" language from its statement. But it also acknowledged recent economic weakening and softness in inflation .
The bigger story was what happened with the Summary of Economic Projections or "dot plot" estimate of where interest rates will be over time. Fed policymakers dramatically cut the median estimate of where rates will be at the end of the year to 0.6 percent from 1.2 percent previously.
Translation: The Fed is only looking for two rate hikes this year, down from four back in December. This could be too optimistic.
More here:
http://finance.yahoo.com/news/bernan...103000852.html
CURRENTLY 30% C, 20% S and 50% G (as of COB 04/11/2024) 1st April IFT
CNN "experts" are saying the market will go down further. Time to buy?
really. That's usually how it works.
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.
That was quick... bottom of the channel (and 200 EMA) is being tested today in Trannies. So far so good with the reversal, but there's 3 hours of trading left and as we've seen before, a weak close can erase that.
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.
Oil going up for worries that Saudi will stop production? Seriously? Saudi stopping production? Laughable to even think that lol. It'd be like Hawaii trying to put a stop to the tourism industry.
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