Thread: tsptalk's Market Talk

Another mixed day with the Dow and S&P rallying while small caps and the Transports are falling.

The Dow made a new high today while the Transport broke down from a small bear flag this morning, looking for support at the 50-day EMA.

Originally Posted by tsptalk

Yes, I think that could still be a bull fag. But flags (bullish and bearish) have been flaky lately. Take a look at the bullish fag from July... It tanked before finally rallying.

Still not finding the formation called 'bull fag' on Investopedia...

Originally Posted by tsptalk

Another mixed day with the Dow and S&P rallying while small caps and the Transports are falling.

The Dow made a new high today while the Transport broke down from a small bear flag this morning, looking for support at the 50-day EMA.

Agree, there are some weird things going on...

Originally Posted by RealMoneyIssues

Still not finding the formation called 'bull fag' on Investopedia...

Oops!

Originally Posted by tsptalk

Yes, I think that could still be a bull flag. But flags (bullish and bearish) have been flaky lately. Take a look at the bullish fag from July... It tanked before finally rallying.

Following up on that previous post from yesterday, we're seeing that curl up like we saw at the end of July. It will be interesting if tomorrow is a choppy day rather than straight up again. See the action on August 1...

Boom on the 10 year yield...

... and of course that hurts the F-fund...

In a sea of red this morning, financials are up big, although they've come off their highs already. 10-year Treasury hit another high at 3.18%.

Boom!

Yield on 10-year up at 3.24%. This is the focus. Perhaps next week the focus will turn to earnings.

Hmmm... interesting!