Thread: tsptalk's Market Talk

Sideways market... been that way nearly all year...

I think we are heading down soon, but it could take months for the institutions to decide WHEN to do it...

Apple reports after the close. Any bets?

Originally Posted by tsptalk

Apple reports after the close. Any bets?

If my buying trend matches the rest of the world they are selling lots of product. I just bought 3 new iPhone 6 s phones. A mac mini recently and just bought the new apple tv.

How that translates to the stock i don't know.

Originally Posted by clester

If my buying trend matches the rest of the world they are selling lots of product. I just bought 3 new iPhone 6 s phones. A mac mini recently and just bought the new apple tv.

How that translates to the stock i don't know.

Beat on earnings, but who knows what the stock price will do... If traders (read, institutions) had higher expectations, then maybe down...
Like I said, who knows...


Sent from my (Daughter forcing me to use an) iPhone using Tapatalk...

The small caps are on fire this morning and the Dow Completion Index (S-fund) is back flirting again with the 50-day EMA and the neckline of the inverted H&S.



The Transports are down again, but only slightly.

The jobs report was strong, stocks seeing good news as bad as far as interest rates go, or this is an excuse to take profits?

Oil is down, as is gold, on a strong bounce in the dollar, which should also have the I-fund lagging today if things don't reverse.

Folks are still buying the dip, you never know how today will shake out. Days like this remind me why I am not a big fan of being "all in" on the F Fund.

Originally Posted by tsptalk

The jobs report was strong, stocks seeing good news as bad as far as interest rates go, or this is an excuse to take profits?

Oil is down, as is gold, on a strong bounce in the dollar, which should also have the I-fund lagging today if things don't reverse.

As successful as the rally off the lows has been, particularly for the Dow, S&P, and Nasdaq, the Tranports and small caps (Russell 2000) can't seem to get out of their own way.

The S&P hasn't been the issue and is closing in on some potential support, but as the last post shows, there are big issues with the small caps and transports... and oil.

Looks like we need to bounce off the 200 and fill that little gap up there

The SPY has actually held above its 200-day EMA, but the S&P 500 index itself is trading below both the 50 and 200-day EMAs. A close back above them would be a nice technical boost and and perhaps that small open gap can get filled. But it must recapture those EMAs first.