Thread: tsptalk's Market Talk

Can't say it enough, but thanx Tom and all for your posts & insights. With no day-trader accounts, I'm just working from a pure TSP perspective... With that and only one more good trade left in January: I'm "feeling" like there'll be some Chop with general upwards action for a few days or a couple weeks, through Earnings Reports season & with the NewYear Partial Cliff-avoidance deal hangover -- then chop with general drop as the battles heat up and choke up (Congress's lack of ability to work out good compromises for longer term budget growth, stability and national best interest) threaten to grind all to a "stop". Then if the new Congress works out reasonable deals in time, big boom bull market. But, who knows?

Originally Posted by tsptalk

Interesting. I'll be looking at the market very closely Monday morning. I'm liking what I see in the market now though. He he!

apple below $500

Yup, new lows for Apple with not a lot of support below, but sentiment is so bad right now, a snap back rally is possible (open gaps above to fill).

Go small caps, by the way. The Russell is up 0.5% on this negative day.

the bulls are still showing some fight in them, but I'm not sure how much higher the market can go without the nasdaq's cooperation, that chart is starting to look bearish

more strength EOD, wow. I ain't heard no fat lady yet

More flat action as the 'brick wall' flat top on the S&P held again. Not bad action though - working off the overbought conditions without pulling back.

Nice little bounce for Apple, closing up 20 to 506. Still an open gap near 520.

Originally Posted by tsptalk

More flat action as the 'brick wall' flat top on the S&P held again. Not bad action though - working off the overbought conditions without pulling back.

Nice little bounce for Apple, closing up 20 to 506. Still an open gap near 520.

I forget the weighting of Apple on the NASDAQ 100, with a current Death Cross, I will say it has held up well, and I'm glad it hasn't held down the indexes (too much.)

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Futures just busted loose. Dyamn!

There's the breakout - but will the S&P close above 1374 - the September high?

russel up .88% dang!