Thread: tsptalk's Market Talk

Originally Posted by tsptalk

Dow closes above 40,000. 辰

Glad to hear that the economy is doing great!

Stocks start this post options expiration week on the upside again. After holding near flat both Thursday and Friday, I talked about a bigger move on Monday. My guess was that we'd see some kind of reversal lower early this week, but clearly not yet. We have the set up for some pressure on stocks with yields and the dollar up again, although the 10-year is still below resistance and it may take a move above 4.45% to trigger the bulls.

The S&P is near the previous highs and the top of its narrow channel so it may need a boost to go further than the 5322 area it is near now.




Small caps are up but they fell below their channel, but that angle of incline wasn't very sustainable.

We have oil, gold, silver, bitcoin Japan and Europe all up. With those gains across the board you would think the dollar is tumbling, but it's actually up while high yield corp. bonds are down. Something doesn't feel right.