Thread: tsptalk's Market Talk

Yields are up after a strong PPI report, and the dollar is down. Mixed bag out there in stocks to start the day with the Dow and small caps (Russell) rallying, while the S&P 500 and Nasdaq are down quite a bit.




The test of the lows in the S-fund is upon us. A similar formation low grinded out over several days in late Sep / early Oct. The difference is this one is below some key moving averages.

The early bounce in the small caps has deflated but they still lead over the large caps today.

It looks like some kind of taper tantrum - the market telling the Fed: If you get hawkish, we will stomp our feet -- so you better not go too far.

Yields are down again as bond investors prep for tighter monetary policy. The dollar is up but near the lows of the day.

The FOMC monetary policy will be delivered at 2 PM ET.



Small caps are testing the lows and the 280 day average. That's average is not overly meaningful, but it there was some buying the last time it was tagged .

I hope you buckled up. The ride has been wild.

Early action: Stocks fade after opening rally as many charts challenge key resistance.

Yields are down again as that chop continues. And if you've been reading our daily commentary this week, the fake out breakout in the dollar is not a surprise, but typical action from a pennant formation.





The S-fund is up against its 200-day EMA while the I-fund's EFA battles the 50-day EMA this morning.

Early action has yields falling again, this time back below the 200 day average. The dollar is up and it looks like it's trying to fill in yesterday small open gap.




Stocks are taking another round of selling. Small caps are trying to bounce back from the early breakdown below the 280 average.

Very unusual. Dow down 532-points or 1.5%. Nasdaq flat. Russell 2000 up 1%.

Quadruple Witching Expiration Day.

Wow, what was the dollar all excited about in the afternoon? Fake out breakout -- now a fake out breakdown?

Originally Posted by tsptalk

Here we go. Reminiscent of Christmas week 2018. We've got some support below but emotional selling doesn't care about that. Bulls are looking for a swooosh low and a reversal.




Yields are down, as is the dollar.

Early action has yields popping higher, and the dollar up slightly.




The S&P 500 rallied at the open, pushing briefly above the 50-day EMA, but it had fading already and is back be ow the average.




Small caps are leading with a 2% gain already so the swings in this fund continue to be very wide.

Originally Posted by tsptalk

The S&P 500 rallied at the open, pushing briefly above the 50-day EMA, but it had fading already and is back be ow the average.

Turns out that little pullback this morning was just doing some cleaning up and filling the open gap already.