Thread: tsptalk's Market Talk

Interesting. Late 2018 correction (near bear market) has nearly identical PMO pattern.

Click chart to view larger image

Post holiday reversal? Some key levels for the S&P 500.




Yields are up after drifting lower for a few weeks.

Or maybe some are trying to pocket gains from last week before month's end???? I am interested in unemployment numbers coming out in next few days. I have heard talking heads say that when we start to see unemployment go up, that will be an indication of impending recession, though this is not expected to happen until later this year or next year. ????

Bonds and the dollar are sure shaking things up today.




It's too early to say if the bear market rally in stocks is peaking, or if this is just a pause in the rebound off the lows.

Futures turn from green to red after Microsoft gives 2nd quarter guidance warning.

https://www.cnbc.com/2022/06/01/stoc...e-economy.html

I've been mostly focused on the TSP site's capabilities this morning, but we're having quite choppy session this morning. Small caps are popping higher but Microsoft's guidance warning is holding the Dow and S&P back so far.

Still waiting to hear if anyone else besides Marty was able to successfully input an IFT of the tsp.gov site?

I have opened the Autotracker back up for those who cam make IFTs. If we have to end up deleting those IFTs because there was some problem on TSP's website, I will, so please keep me posted.

Thanks!

Originally Posted by tsptalk

I've been mostly focused on the TSP site's capabilities this morning, but we're having quite choppy session this morning. Small caps are popping higher but Microsoft's guidance warning is holding the Dow and S&P back so far.

Still waiting to hear if anyone else besides Marty was able to successfully input an IFT of the tsp.gov site?

I have opened the Autotracker back up for those who cam make IFTs. If we have to end up deleting those IFTs because there was some problem on TSP's website, I will, so please keep me posted.

Thanks!

I was able to make IFT yesterday and has been processed successfully when I checked this morning.


Sent from my iPhone using TSP Talk Forums

That's great Cedarpine!

The S&P seems to be consolidating in some kind of bullish flag but the 50-day EMA can be a rally killer in a bear market.

The DWCPF (s-fund) remains in what could be considered a bear flag below the 50-day EMA. Not the best set up but an eventual move above 1800 would go a long way in helping the bullish case.

Stocks came running out of the gate on Monday morning and now the indices are flirting with the top of some of their ranges. Here's the dilemma: They could flip back over and head toward the bottom of their recent ranges, or they could breakout. The 50-day EMA has been holding on both charts, but the bulls keep knocking on that door. Will someone finally let them in?

The stock market rally is stalling some as the midday action just shaved off half its morning gains. Perhaps a move above 3% on the 10-year Treasury is the concern?