The 10-year Treasury yield is down to 1.983% this morning.
The Dow and S&P are holding up just fine so far today, but once again the transports and small caps are lagging badly and getting hit to the tune of -1.0% ...
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 10-year Treasury yield is down to 1.983% this morning.
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 futures popped higher at about 5 AM when Mnuchin had good things to say about a Chine deal. The back and forth continues...
US / China Trade Negotiations
The question is whether a rally can hold after the recent change in direction.
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 recently lagging Transports and small caps are leading today. The Transports are up big but stalled and dipped back a bit at the 50/200 EMA, while smalls caps broke back above its 50-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.
Day 2 for small caps and Transports... Boom! The Russell 2000 (which is rebalancing today) and the Transport Index are up 1.0%% and 1.4% respectively here midday.
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 small caps / Russell 2000 has nearly filled its open gap already. The question is whether it will fill and go, or just make a peak here. It was quite a rally from Last week's low to this morning's high (more than 4% in 3 days). Does it have anything left?
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.
We're seeing a pop in the dollar this morning, right up to the old support lines that broke down recently...
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.
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.
Copper signal?
Is the price copper signaling trouble ahead? Looking at this 5 year weekly chart, copper seems to peak before stocks do by a couple to several months. When they are diverging (copper going down while stocks are rallying) the stock market can lag that move, but tends to follow eventually.
With the S&P 500 near all-time highs and copper's chart looking like a head and shoulders pattern forming within a downtrend, how long can stocks diverge?
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.
Wednesday's small gap (red) has been filled. Is that it for the downside, or are the other gaps (blue) now targets?
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.
Remember the days when good news was good, and bad news was bad? Not anymore. The market is throwing a little "I want my interest rate cuts!" tantrum.
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.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks