Pre-markets had a strong session, up 10-25 points
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I'm glad you brought this topic up, it has always been of interest to me.
Back when I first started here, I had manually counted how often the F-Fund traded in the same direction as the C-Fund, it was about 33% of the time. This was before I knew how to do anything in excel, so it was a very primitive calculation.
In 2015, over 254 days
SPX/W4500 traded in the same direction 87% of the time.
SPX/AGG traded in the same direction 19% of the time.
That's probably a fair estimate of the overall performance across most years.
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
Pre-markets had a strong session, up 10-25 points
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Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
Yet another test this morning for the Nasdaq 100 (QQQ) at the 200-day EMA...
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.
There is a large gap there that may need to get filled, but this looks like a significant breakout for the high yield bonds, after several prior breaks above other resistance. This may be a very bullish indicator for stocks. We'll see how it survives the Fed next week.
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.
I hope Birchtree is watching from afar in his retirement. He lived for this type of action - irrational exuberance.
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.
I don't know exactly how closely this End Of Day daily chart of WTI Oil corresponds with the open active futures prices, but I see crude futures trading below $37 right now. A possible break down of the rising channel if it holds. A healthy pullback would find support at the 50-day EMA, but how will stocks react?
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.
Oil just ticked below $36. Healthy pause or end of a bear market rally?
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.
I think oil will test the 35.50 level and stay in a range of $35 to $40. If it does then I think the market will go higher into mid-April. This would coincide with the election chart that was posted. I've had pretty good luck following the chart over the last month. We will have a clear direction soon.
AGG and Gold just spiked big time.. hmmm...
edit: and the SPX also. something's a brewing haha. People hedging bets before the fed meeting? sounds like risky business, like buying stocks before earnings report
If this can hold up here above the 200 EMA, it's a very good development.
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.
The SPY did this a few days ago, but the S%P 500 Index itself has now filled its open gap from the first trading day in January.
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.
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EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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