TSP Talk Blog

Stocks opened lower on Wednesday and fell sharply into the early afternoon. An afternoon rally off the lows turned a really bad looking day for stocks, into a possible reversal as several charts tested and held at their 50-day EMA. That's the good news. The bad news is that some of the market leaders are leading on the downside and the jury is still out on which way they eventually break. Yields were up (bonds down), oil was up, and the dollar was flat.

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