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Thread: tsptalk's Market Talk

  1. #4021

    Default Re: tsptalk's Market Talk

    I don't think that's too meaningful. Probably a dividend payment or something that looks like a loss, but it will adjust tomorrow.

    Quote Originally Posted by blueroadster View Post
    Bonds down big time after hours. AGG is -5.93% at 4:35 EDT

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  3. #4022

    Default Re: tsptalk's Market Talk

    Quote Originally Posted by tsptalk View Post
    HYG is a good barometer for the credit market which the stock market pays very close attention to. It may be trying to form a bull flag, but so far has stalled after filling that open gap.
    This is not what the bulls wanted to see...


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  5. #4023

    Default Re: tsptalk's Market Talk

    Once again, this may be the chart to watch. It's still positive but it has pulled back after nearly filling that open gap. A negative close would not be a good sign at all for stocks.



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  7. #4024

    Default Re: tsptalk's Market Talk

    This 1.9% rally in HYG is a huge move for this ETF but you can see that it isn't making much of a dent in this volatility beaten chart. The question is whether this bull flag is a sign of a low in this bear market. This is key for the health of the credit market and the stock market.


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  9. #4025

    Join Date
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    Location
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    Default Re: tsptalk's Market Talk

    IBD calling today a follow through day in Nasdaq. 4/2 was their official call for the DJIA and S&P 500 uptrend, though I'd say today is more in line with a true follow through day.

    Problem with CANSLIM investing is not too many breakout candidates amidst the rubble... yet.

    April 6 - IBD upgraded the official stock market outlook from market in correction to market uptrend after a fresh follow-through day signal occurred last Thursday. On Monday, the Dow Jones Industrial Average closed 7.7% higher. Meanwhile, the tech-heavy Nasdaq close up 7.3% and the S&P 500 closed up 7%. Volume traded was sharply higher on both major exchanges — a bullish sign.

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  11. #4026

    Default Re: tsptalk's Market Talk

    Quote Originally Posted by Bullitt View Post
    Problem with CANSLIM investing is not too many breakout candidates amidst the rubble... yet.
    That's what Revshark talked about today - mostly index buying over individual stocks.

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  13. #4027

    Default Re: tsptalk's Market Talk

    Whatever the Fed did, the credit market sure liked it, but HYG is stalling some at the 200-day EMA after filling another open gap.



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  15. #4028

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  17. #4029

    Join Date
    Jul 2012
    Location
    Honolulu, Hawaii
    Posts
    1,801

    Default Re: tsptalk's Market Talk

    I trade based on volume + price action. Price action alone only tells half the story.

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  19. #4030

    Default Re: tsptalk's Market Talk

    The Nasdaq went green for a minute there, thanks to a giant rally in Amazon.


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  21. #4031

    Default Re: tsptalk's Market Talk

    This what my recent Market Commentaries have been trying to say. They've destroyed the economy with this shutdown, so new highs are not a possibility any time soon. How could it be? Prices were already historically overvalued.


    The economic data is even worse than Wall Street feared: ‘The economy is clearly in ruins here’

    https://www.cnbc.com/2020/04/15/the-...uins-here.html

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  23. #4032

    Default Re: tsptalk's Market Talk

    Are we getting the afternoon Cuomo market rise?


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