ugly nasdaq candle...
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ugly nasdaq candle...
SPX clear break out with more room to run. It would be very rare for today's activity to be a one off. Still many trades (short cyclicals / long tech) that need to be unwound which should take a few days.
One gap filled (blue), one still open (red.) Plus a small one created today.
https://www.tsptalk.com/images/mb/2020/111020b.gif
I can't believe I'm saying this, but.... pivot to I Fund? Two days in a row it is outperforming domestic stocks.
At some point one would say yes. It is overbought, above the Bollinger band two days in a row, and is not imbedded. It is not yet rife for a buy IMO; but will be in the future.
Hmm, what happened here today? Yahoo and Fidelity confirm that daily high and low on Tuesday. It looks like a fluky suspicious trade just after 2 PM ET.
https://www.tsptalk.com/images/mb/2020/111020c.gif
https://www.tsptalk.com/images/mb/2020/111020d.gif
The S-fund (DWCPF) is making another attempt to break out of the rising trading channel. It certainly has the momentum, but being at the top of the range makes it a little vulnerable in the short term.
https://www.tsptalk.com/images/mb/2020/111620a.gif
The S&P 500 is getting close too.
https://www.tsptalk.com/images/mb/2020/111620b.gif
Gap filled on morning decline, and then some stabilization.
https://www.tsptalk.com/images/mb/2020/111720a.gif
Like some others, I'm really kicking myself for being out of the market at the moment, but I have FOGIATT (Fear of Getting in at the Top).
Two different situations. The Nasdaq has some issues, but small caps are still flying...
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https://www.tsptalk.com/images/mb/2020/111820b.gif
A negative reversal day that seemed to work - negative follow-through the following day. Approx. support levels: 12,200, 12,100, and 12,000.
https://www.tsptalk.com/images/mb/2020/111920a.gif