tsptalk's Market Talk

[tsptalk]

[tsptalk]

Anyone else see something wrong with these pictures? Are we being duped?

[tsptalk]

High Yield Corp bonds are struggling a bit here. Could be a tell, but nothing too serious yet. Just a little underperforming of the S&P 500.

[tsptalk]

Some roadblocks, some potential targets. Another gap to fill below.




Another pop higher in yields, but the 10-year continues to flounder in the bearish flag.




Small caps too. Probably due for some relief but the bear flag persists.

[tsptalk]

The bulls are fighting through some serious obstacles, both technically and fundamentally.

The Q4 GDP ticked down to 2.6%, just under estimates.

Jobless claim were a slightly higher than expected, but basically inline, so no concern for interest rates there and probably why yields are lower today. Tomorrow's PCE report may be more telling.

Transport broke above some recent high but it now testing its 200-day EMA.



The S&P is trying to confirm the recent breakout and the trend is becoming the bulls' friend here, but the breakout opened another gap.

[tsptalk]

The S&P is trying to confirm the recent breakout and the trend is becoming the bulls' friend here, but the breakout opened another gap.

FYI, this morning's gap will be filled somewhere between 4,028 (yesterday's close) and 4,031 (yesterday's high.)

Today's low so far is 4032.

[tsptalk]

I thought this was interesting. Notice how in the current charts the S&P 500 is moving counter to the yield on the 10-year Treasury.




Then go back to 2007 - 2008 and they were clearing moving much more in sync with each other.

[JTH]

I thought this was interesting. Notice how in the current charts the S&P 500 is moving counter to the yield on the 10-year Treasury.

Then go back to 2007 - 2008 and they were clearing moving much more in sync with each other.

I swear, this market is totally disconnected from reality, I have no idea who's buying at these levels, at this point I'm starting to run out of things to sell. Perhaps some automated fund inflows are pushing prices higher on lower than usual volume.