10 yr bond yield rose to 14 month high spooking the market today. Inflationary pressure is materializing...albeit for the short term due to USA opening up for business. I noticed oil and of course our local pump gasoline has been rising. Food is rising. Mortgage rates rising. Prices in general look to be rising this year. Easy loan money for companies will become more costly.
https://www.cnbc.com/quotes/US10Y
So today's drop clearly a result of large increase in 10-year yield.
10 year yield.png
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
https://markets.businessinsider.com/...020-1030225913
Yes... this is causing a great deal of fear. Thank you for great points Felix!
I had heard a few days ago, that oil prices are anticipated to continue rising (per Goldman Saks) which is good for economy but I guess bad for inflation. I also heard that the China virus was hitting Europe again! But...I did not put those two together! As you likely know, oil took a major nose dive today... West Texas Intermediate dropped 9% while Brent and USO dropped around 7%. This article makes point that due increase in Covid in Europe, that affected oil prices. hummm... didn't think they drove that much!
https://markets.businessinsider.com/...1-3-1030225764
wti.png
Last edited by DreamboatAnnie; 03-18-2021 at 06:39 PM.
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
I know right! Well, I lost three family members and got hit badly by two hurricanes that caused major home damage. I'm still trying to claw back. I'm still hanging around but with the amount of work required and still to come...just have had hardly anytime to do anything TSPTalk related. You might say the last few years have been hell.
Good to hear from you. Hang in there!
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
That depends on your strategy and whether you are using a short, mid or long term trading strategy. But I understand one should NOT use a single indicator for trading.
I use a lot of indicators to assess market, many of which I don't discuss on daily basis. My strategy is short-term, so I likely would not be in market if price was below 50 daily EMA unless I thought market had reached a bottom and I was buying in to take advantage of a reversal or quick dead cat bounce. The problem is in ability to find the bottom and not jump in to catch a falling knife in the short term.
In my opinion, buying into market when price is below 50 EMA is higher risk because of possibility that the knife is still falling. But other traders with good reading of market could see entry as an opportunity.
I believe Romulus at Grok Trade doesn't buy ETFs if below 200-250 day MA. But he uses many other indicators including how much volume a stock trades at, etc.
Not sure if I answered your question, but I think its relative to your tolerance for risk and loss and goals.
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Just now heard on FBN (Susan Lei on Varney) said that today Federal reserve refused to extend Covid policy and so banks must keep more money in reserve, reducing supply of money available for loans and causing further rise in interest rates. Also, causing bank stocks to go down today, due to lower anticipated earnings (less money to lend out).
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
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