Re: tsptalk's Market Talk
The S&P 500 is fairly flat with an hour to go. With a three day weekend ahead, you would think that the coronavirus nerves would trigger some selling in the final hour, but I assume many folks are thinking that same thing, so maybe we should expect the opposite? I have no idea, but that's sometimes how the markets roll.
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Re: tsptalk's Market Talk
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Quote:
Originally Posted by
tsptalk
The S&P 500 is fairly flat with an hour to go. With a three day weekend ahead, you would think that the coronavirus nerves would trigger some selling in the final hour, but I assume many folks are thinking that same thing, so maybe we should expect the opposite? I have no idea, but that's sometimes how the markets roll.
Re: tsptalk's Market Talk
Today's candlestick pattern (so far) makes it look like we could have a temporary peak in the $$.
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Re: tsptalk's Market Talk
Coming off all time highs, the High Yield Corporate Bond Fund is testing some key support this morning.
HYG is a gauge of the credit market and its buoyancy has been helping the stock market.
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Re: tsptalk's Market Talk
Quote:
Originally Posted by
tsptalk
Never mind! The dollar did bounce back...
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Re: tsptalk's Market Talk
Today's close may be pivotal point; a breakout or another flat top / dip?
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Re: tsptalk's Market Talk
What is it telling us when a stock falls on bad news (coronavirus warning from the company), then recovers the loss the next day?
It tells me that right now nothing matters, not valuations or fundamentals, but just momentum and direction.
Of course in Apple's case earnings may be impacted because of supply restrictions and not demand, and that may be what investors are thinking.
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Re: tsptalk's Market Talk
The Transports are flying this morning, but still in that bear flag looking pattern.
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Re: tsptalk's Market Talk
10-year yield on brink of a breakdown... or a double bottom?
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Re: tsptalk's Market Talk
Uh, oh. Getting serious. 1.49% and inversion widening.
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Re: tsptalk's Market Talk
Re: tsptalk's Market Talk