TSP Talk Blog

Stocks opened sharply lower on Wednesday and it was the second straight day where stocks opened near their lows of the day, only to be bought up by the dip buyers. Also like Tuesday, there was a bit of a fade into the close, but nothing that would trigger a negative reversal day. On the contrary. It didn't feel all that comfortable, but technically it was another positive outside reversal day for the S&P 500 as it opened below Tuesday's lows, and made a higher high above Tuesday's highs, and ...

Stocks stopped the bleeding for a day picking up a healthy gain on Tuesday, but some late selling took the steam out of the bulls' run. The Dow, up over 360-points at one time, settled for a gain of 207-points and both the Dow and S&P added about 0.80% on the day. The Nasdaq, Transports, and small caps led with gains over 1%. President Trump tried to calm the trade concerns so we saw some dip buying, but there's work to be done.

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Stocks were down as soon as the futures market opened on Sunday evening, and never looked back. The trade war is in full gear now and we're seeing some of the ramifications. We know we could be a tweet or headline away from a reversal, but barring that, stock prices were being adjusted for the new higher tariffs. The Dow lost 617-points on the day, or 2.38%. The S&P had a similar loss while the more volatile Nasdaq and small caps 3% or more.

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Stocks were down sharply on Friday morning, but once again the bulls were able to stop the bleeding, held the indices at key support levels, and muster another impressive positive reversal. The Dow, down 360-points at the lows, closed up 114-points. It did turn out to be the worst week for the S&P 500 this year, but it was a lot worse about 4 hours before the close on Friday, so we head into Monday with the bulls having some momentum.

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Stocks were down modestly on Thursday, but that certainly wasn't the story. Down 449 at the lows, the Dow closed with a loss of "just" 139-points after a dovish trade statement from President Trump stopped the bleeding and initiated a big rally into the afternoon. The VIX (Volatility Index) went from a morning lofty high of 23.4 to close down on the day at 19.2. That is still elevated but that's huge intraday decline. Large gaps were opened on at the opening bell, but they were closed ...