Not much strength yet. Chart:
I think we're close enough to the bottom and to me I had a complete Longerterm loss. Longerterm Chart:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Not much strength yet. Chart:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
So, in review why we lost the tug-a-war between Election talking points and real life:
1. Ex FED chairwoman Yellen tried to push that Inflation is transitory and then that it was coming down The rate of rising inflation was decreasing not Inflation itself
2, They had FED chairman Powell say there will be rate cuts Well Consumer Price Index continued up and the other FEDs didn't get the memo
3. It was put out there was going to be a cease fire in Israel No things exoculated increasing the chance of oil production to be affected.
And I was expected an election run up I was wrong
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Looking better. I was thinking my 100 SMA was the Dead Cat Bounce line, and we are above that. I didn't show the small gap up because of yesterday's top tail. Chart:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Nice work. The 20-day average fell below the 50-day which generally triggers an oversold bounce, so now what? I like that the 50-day average is still flat and hasn't turned down much yet.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Some profit taking but still within the norms. Chart:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Wait! GDP down? Isn't the good news for Powell's talking points? Shouldn't this be good news on the TUG side of the Tug-A=War? Well, I redrew my Midterm anyway:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Bad news is good news, unless it's not.
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