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Thread: tsptalk's Market Talk

  1. #3697

    Join Date
    Apr 2005
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    Default Re: tsptalk's Market Talk

    Quote Originally Posted by weatherweenie View Post
    Drill(drop) baby drill!
    Hey- Careful! that's MY blood you are drilling through right now..... (OH NOOOO! )

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  3. #3698

    Default Re: tsptalk's Market Talk

    In Tuesday's commentary I talked about the head and shoulder pattern concern, but zooming out shows an even bigger problem. That doesn't mean we won't pull another back and forth like August in the short-term, but keep an eye on this neckline support...





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  5. #3699

    Default Re: tsptalk's Market Talk

    The HYG High Corporate Yield Bond Fund ticked back above the 50-day EMA this morning. The patterns seems to be repeating, but for the stock market to keep moving higher, this needs to keep improving and recapture 86.40.



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  7. #3700

    Default Re: tsptalk's Market Talk

    If feels like it doesn't want to hold today, but the S&P 500 futures were actually up about 40-points late last night (early Wed. morning) so there is some room on the upside to run since the futures showed no resistance to hitting that level - which would be about 2935 (currently 2910). That seems ambitious, but I'm just going by the futures chart.

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  9. #3701

    Default Re: tsptalk's Market Talk

    Here we are again...


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  11. #3702

    Default Re: tsptalk's Market Talk

    Quote Originally Posted by tsptalk View Post
    Here we are again...
    What resistance?! Boom!


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  13. #3703

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    Default Re: tsptalk's Market Talk

    I am starting to believe that the Stock Market this month is very much like a classic James Bond Vodka Martini-

    "Shaken, not stirred".


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  15. #3704

    Default Re: tsptalk's Market Talk

    Huge day for small caps, but can it do what the S&P just did ... break above the 50-day EMA?


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  17. #3705

    Join Date
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    Default Re: tsptalk's Market Talk

    I'm more concerned about the large gap today on the both the C & S.
    May the force be with us.

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  19. #3706

    Default Re: tsptalk's Market Talk

    Quote Originally Posted by nasa1974 View Post
    I'm more concerned about the large gap today on the both the C & S.
    Yup, I wonder how long we'll be looking over our shoulders at that one? This could be the start of the 4th quarter rally - or we could get another headline / tweet that reverses everything.

    I'm curious if trading volume is up on this.

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  21. #3707

    Default Re: tsptalk's Market Talk

    It's not surprising that the credit market is applauding the trade and Brexit headlines, but more impressive is the chart still looks good with the pullback finding support in expected areas.


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  23. #3708

    Default Re: tsptalk's Market Talk

    The S-fund is making a move above the 50 and 200-day EMAs again, but last Friday it couldn't hold those breakouts into the close. It could be a game changer if it does hold, but it could also be the top of the right shoulder of an H&S pattern. Too early to say.



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