Thread: tsptalk's Market Talk

The Nasdaq is trying to hang onto the 50-day EMA that it recaptured on Thursday.

The good and the bad. Yields are down, helping stocks some, but HYG (credit market) is still struggling, and that's not a great sign.

Inverted H&S looks bullish, but it could first back and fill in that right shoulder. Technically, it could be considered completed, but there is a small open gap in there so there may be more work to be done before it tries to break out.

Interesting observation on the possible reverse forming. If that right shoulder gets taken out, the bearish H&S would be negated.

What's the market so cranky about? Growth off, value back on.

HYG -- Boom! Big reversal.

Originally Posted by tsptalk

What's the market so cranky about? Growth off, value back on.

A repeat of Wednesday morning.

Despite the today's drop, that Nasdaq bullish setup is still in play.

An auspicious start in yields, credit and the dollar...

A choppy end to Friday, but being an options expiration day, not too surprising, and tough to decipher what it means for Monday.

Nice move from HYG as far as the H&S goes, but it's now staring at the 50-day EMA from below so it has more work to do...