Thread: tsptalk's Market Talk

Q) How have stocks done over the last two years?

A) Pretty flat

It's all about optics and context, isn't it?

Originally Posted by tsptalk

Q) How have stocks done over the last two years?

A) Pretty flat

Originally Posted by tsptalk

Q) How have stocks done over the last two years?

A) Pretty flat

A good reason to reconsider buy and holding, which up until this big drop I was thinking about. Not so much anymore . Thanks for keeping my money safe Tom!

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Originally Posted by tom4jean

A good reason to reconsider buy and holding, which up until this big drop I was thinking about. Not so much anymore . Thanks for keeping my money safe Tom!

I think we saw a lot of market timers throw there hands up over the last year or so and capitulate to buy and hold side. You're right... Every once in a while we get reminded why it's a dangerous strategy.

Conventional wisdom would expect selling into the close today because of the weekend. I always think the market likes to do the opposite of what everyone expects, but fear is so high, it would take some bravery to buy into today's close.

If the Fed cuts rates over the weekend we could see a big gap up on Monday, but that could also bring in more sell the rally folks, which could lead to the ultimate capitulation. I think we'd need more than a rate cut, and that's always a possibility.

Originally Posted by tsptalk

Conventional wisdom would expect selling into the close today because of the weekend. I always think the market likes to do the opposite of what everyone expects, but fear is so high, it would take some bravery to buy into today's close.

If the Fed cuts rates over the weekend we could see a big gap up on Monday, but that could also bring in more sell the rally folks, which could lead to the ultimate capitulation. I think we'd need more than a rate cut, and that's always a possibility.

I'd like to catch about 5% - 6% of a couple of decent back-to-back relief rallies and then head back to (G) or (F). Perhaps those will come on Mon & Tues?

Now, if they do come on M&T, and I IFT to (G) or (F) effective Wednesday, that just means that the rally will continue past Tuesday. Remember that.

FYI, the futures kept going higher after the close and the S&P wiped out most of its 24-point loss for the day. Of course come Monday morning is a long way away and it may mean nothing with the VIX so high and the indices moving widely. But for any of you in stocks, it was a positive for stocks heading into the weekend.

The NASDAQ finished in the green. 0.01%

https://finance.yahoo.com/quote/^IXIC?p=^IXIC

Keeping an eye on the Dow Transports. It didn't confirm Jan/Feb main indices run-up, and it looks to be signaling where things will end up today. If we close with an outside day down, i imagine it will be pretty ugly in the S&P, DWCPF, EFA. Also, that Chinese PMI number is a sobering indication of how this virus can slow down an economy.

Bond yields down again...




Credit markets still, surprisingly, holding above 200-day EMA

I'm not the biggest fan of the Donald, but since he's taken over, my trading account has gone up by almost 400% lol. 4 more years? Though tax season has become brutal, maybe the next thing to do is learn about tax loopholes lol