Likes: 
Reply With QuoteThe Dow Transports, the Nasdaq and this week's new Sentiment Survey are telling me to buy, buy, buy. That damn gap on the S&P chart has me spooked, but I'm in 100% for tomorrow.
Re: tsptalk's Market Talk
Another one of my well-timed moves.Originally Posted by tsptalk
The S&P is having trouble getting back over the 50-day EMA. I'm taking my money and running before this gets worse. 100% G COB 4/19.
Someone once told me to sell when you can, not when you have to.
If we bounce above the 50-day EMA this afternoon, I'm screwed. No more IFT's this month.
I see the Dow Transports are actually down on the day as oil moves to $111. Perhaps I was just a day early - or two? Pre-holiday trading can be strong, but be careful next week.
Oops - Transports just ticked up. They are now +5 on the day. Still, lagging badly.
Last edited by tsptalk; 04-20-2011 at 01:45 PM. Reason: update
Tom
Market Commentary | My Blog | TSP Talk Plus ||
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Re: tsptalk's Market Talk
The Dow Transports, the Nasdaq and this week's new Sentiment Survey are telling me to buy, buy, buy. That damn gap on the S&P chart has me spooked, but I'm in 100% for tomorrow.
Market Commentary | My Blog | TSP Talk Plus |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Re: tsptalk's Market Talk
A lot of people jumped in with both feet, whether it is C or S or I
Not me, I am too chicken... Maybe tomorrow (oh wait, jobs report)
Rules:
- Trade what you see, not what you believe
- Don't put stuff in your signature that a Mod doesn't like
"Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle
Great Tools:
http://www.CreditKarma.com
http://www.Mint.com
http://www.SaveUp.com/r/nmJ
Re: tsptalk's Market Talk
I'm sure you'll buy in sometime when stocks are high. :toung:A lot of people jumped in with both feet, whether it is C or S or I
Not me, I am too chicken... Maybe tomorrow (oh wait, jobs report)
Re: tsptalk's Market Talk
Not exactly what I wanted to see this afternoon, but at least I'll be buying in low.
Market Commentary | My Blog | TSP Talk Plus |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Re: tsptalk's Market Talk
It's those young and inexperienced hedge funds taking their commodity profits which they do with regularity. This is just emotional capitulation and is healthy - pain brings back reality.
Re: tsptalk's Market Talk
I would love to see the jobs report send the market down in the a.m., fill the 1315 gap on the S&P, and then close higher. Too much to ask?
I am just obsessed with that open gap on the S&P because they are so rare. Let's just fill it and get it out of the way, OK?
Market Commentary | My Blog | TSP Talk Plus |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Re: tsptalk's Market Talk
Obsessed,
We didn't get to that 1315 gap today. The low was 1329.17 - with the close at/bearly above the 20MA. Maybe tomorrow we fill the gap - But that would hit below the 50 MA as well.
We did close below the 20 EMA at 1338.38, as for the 50 EMA being at 1322.61 - below gap-fill - if the gap is filled, we would be below both supports, MAs and EMAs - maybe spell trouble for the Inv.H&S pattern??)
VR!
Last edited by hessian; 05-05-2011 at 05:08 PM. Reason: grammar
"That's as good as money sir, those are I.O.U.'s" - from: Dumb & Dumber
Re: tsptalk's Market Talk
Tom, within the hourly charts, the upside gap has potential to be a correction from the previous downside gap, with a difference of 1.45 points. I'll kindly remind everyone although most do, not all gaps get filled. We still have a 4.31 unfilled upside gap from July 14th 2009.
Attachment 11032
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
Re: tsptalk's Market Talk
Good info! Thanks
Market Commentary | My Blog | TSP Talk Plus |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Re: tsptalk's Market Talk
Lol as much gap reading as I've done (I've done a fair amount) I still consider myself a novice. Do you remember that Gap blog I used to read all the time? I lost the link on the last computer crash
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
Re: tsptalk's Market Talk
Was it this guy?...
http://www.thegapguy.com/
Market Commentary | My Blog | TSP Talk Plus |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Posting Permissions
|
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
|
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
|||||
Bookmarks