On the NYSE, there was one on Monday and one yesterday.
On the NYSE, there was one on Monday and one yesterday.
Uh-oh.
Dow futures are down over 2% already tonight.
Image1639965754.963090.jpg
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-700 doesn't sound right with the S&P futures down < 1%.
"They" want mom and pop panic selling in the morning so they can buy on Tuesday.
... I don't know.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Agree. The -700 doesn't seem correct. CNBC has Dow mini down -273 right now. I've been watching this evening and earlier it was down around -240. Russell mini down 41, with implied open of 2128... which is not good. I guess around -1%. Santa may not come until after Christmas... Jobs, confidence and more inflation info comes out later this week.
https://www.cnbc.com/pre-markets/
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
DOW FUTURES SHOWING DOWN MORE THAN 900 NOW. -2.69%.
DOW FUTURES
-961.00-2.69%
- Level 34,830.00
- Fair Value 35,247.25
- Implied Open-417.25
S&P 500 FUTURES
-60.00-1.30%
- Level4,550.00
- Fair Value4,610.82
- Implied Open-60.82
NASDAQ FUTURES
-310.75-1.96%
- Level15,556.00
- Fair Value15,793.92
- Implied Open-237.92
[COLOR=var(--color__neutral-500)]Data as of December 20, 8:46 AM EST. Based on March 2022 contract. Fair value provided by IndexArb.com.[/COLOR]
Things are getting ugly.
Another HO on the NYSE April 8. There were 3 near misses during the week.
The issue is that the "rally" has been narrow with contributions coming mainly from large caps. Small and mid caps are not adding any upside. The large companies will do okay since they actually make money, but many small cap stocks have yet to even turn a profit and have only moved higher on hope via PE expansion. With historically low lending rates being over with (until the fed has to cut again), profits will be ever more elusive for those small cap companies.
From a recent Lowry's note:Both the S&P 400 and S&P 600 Indexes have been in decline relative to the S&P 500 for well over a year. After two months of improving relative strength following the S&P 500’s January all-time high, both smaller-cap indexes lagged during the rebound rally. The relative declines since the March low serve as more evidence of a narrow rally that lacks staying power.
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EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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