TSP Talk Blog

Stocks actually opened lower on Thursday and the pre-market futures were fairly negative, but when that opening bell rang, everyone turned into bulls. The Fed's "no more rate hikes" policy created a failed rally on Wednesday but for some reason it stuck on Thursday. Perhaps brokers were calling their clients and telling them they need to buy, buy, buy? I don't know. The Dow gained 217-points and small caps, ...

Stocks started the day out slowly, and for some reason we saw sharp selling into the FOMC policy statement announcement. We know the Fed usually has the market's back, so that was strange. Then of course the Fed delivered their work, and stocks went bonkers - straight up, then straight down. The Dow lost 142-points but it was another wide trading range.

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Stocks were flat to mostly lower yesterday, but it was a little worse than that since the Dow, down 27-points, gave back an early 200 point gain. And it took a very late move higher to keep it from being down 100-points. After leading on the upside on Monday, the small caps and Dow Transportation Index were hit hard on Tuesday, and it may get worse for the Transports today.

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Stocks were up yesterday with the Dow adding 65-points which was the high of the day. We did see a late morning sharp sell-off that took the indices into negative territory, but the dip buyers showed up and slowing moved the indices higher with a late move up near the close. The Transports and small caps led after lagging most of last week.

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Stocks rallied on Friday, a quadruple witching expiration day, pumping up trading volume dramatically as it typically does. The Dow gained 139-points but it, and the other indices, drifted lower after peaking in early afternoon trading. We saw some key resistance taken out on the S&P 500 as it closed above that 2815 level that we have been talking about, but we did see some negative reversals on the charts by the close.

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