Thread: tsptalk's Market Talk

Originally Posted by tsptalk

Uh, oh...



But...

I was saying a couple of days ago that I was getting nervous. Should have acted on it.

I'm holding long until month end. Today's move may be knee jerk reaction to budget deal and taper fears..
I don't believe the FED will taper this month and we will rally through year end...

They'll save it, they don't have a choice...

Looks like a test of the 50-day EMA is inevitable....



Small caps held up well today, but they had been hit the hardest during this pullback. We may have a new downtrend to deal with but if the 50-day EMA holds this IWM small cap ETF could try to test the top of the new descending trading channel. But then what?

Ah, the good old days are back. The Fed decision is actually moving the market.

The dollar is soaring, bonds are down (yields up) then back again, stocks bouncing around with the Dow tanking initially on the announcement, and now up over 130. Gold went down, then back up. Good times.

You couldn't throw a rock today without hitting one of CNBC's guests that weren't saying to buy today's dip. They talked about that last down day on the first trading day of the year was in 2008 - but that this is NOT 2008. I doubt most thought 2008 was going to turn into 2008.

Tomorrow (2nd trading day in January) is on average (return-wise and percentage of times being positive) one of the most positive days of the year historically.

if nbc is saying don't buy the dip, then buy it

We're all just livin in the fast lane now.

gotta be in it to win it

Anybody care to weigh in on the direction of PEIX going forward? I have a small stake at $4.19/share, which puts me up a little over 24% right now. I don't think I want to buy any more, but I'm inclined to keep holding to see how high it will go. The 52 week high is a little over $7, and going back to Oct. 2012, there was a huge gap down that never got entirely filled. On the other hand, though, it could go back down to $2.25/share again.