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.
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.
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.
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.
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.
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.
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.
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.
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.
The Nasdaq went green for a minute there, thanks to a giant rally in Amazon.
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.
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
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.
Are we getting the afternoon Cuomo market rise?
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) |
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