Thread: tsptalk's Market Talk

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.

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.

Originally Posted by bmneveu

I can't believe I'm saying this, but.... pivot to I Fund? Two days in a row it is outperforming domestic stocks.

Might be. I think it'll really take off around February or March, so this may really be a good time to buy in.

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.

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.




The S&P 500 is getting close too.

Gap filled on morning decline, and then some stabilization.

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...

A negative reversal day that seemed to work - negative follow-through the following day. Approx. support levels: 12,200, 12,100, and 12,000.