TSP Talk Blog

We got our Turnaround Tuesday for a second straight week, although last Tuesday's intraday turnaround did not roll into Wednesday. This Wednesday (today) it has a second chance to do so. The indices bounced back and forth dramatically all day with 4 separate 1% intraday rallies and declines, and by the close the Dow and most indices were near their highs of the day. The Dow closed with a gain of 432-points and this time the small caps came ...

Stocks rallied, and rallied hard out of the gate on Monday morning, but it didn't take the bears long to start to chip away at the gains. The Dow was up 352-points at the early peak, but after fading lower into early afternoon, a spike lower in late afternoon trading had the Dow down 566-points. If you do that math that a decline of over 900-points from high to low, which may or may not be a capitulation sell-off, but there was certainly highly concerned investors. ...

What a week for stocks and October continues to live up to its reputation for being a very volatile month. We saw most of the big gains from Thursday taken back on Friday after the Amazon and Google earnings reports disappointed giving poor guidance. A big midday rally failed as investors seemed reluctant to hold into the weekend. The Dow lost 296-points, or 1.19%, but there was a little more weakness in the broader indices and the tech ...

Don't blink. You may miss the next big move. After stocks were destroyed on Wednesday, we saw a solid bounce back on Thursday. There was some selling late taking the indices off their highs, but the Dow gained over 400-points, the Nasdaq was up 200, and the S&P jumped close to 50-points - all of which gave back a big percentage of Wednesday's losses. However, before we start counting our chickens, we got some earnings, and it doesn't ...

Stocks opened higher yesterday but rolled over quickly and over the next several hours the bulls made some attempts to push things higher, but during the last hour or two of trading, we got one of those - pardon the expression - "puking" sell-offs, and it wasn't just the stocks prices that were puking. The Dow lost 608-points and the indices closed at the lows of the day.

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