Thread: tsptalk's Market Talk

Early gains cut in half after IMF walks away from bailout negotiations with Greece.

Not to bad with some room to run.

It's doing a nice job trying to close that gap created this morning, and that would produce a positive reversal day, but it's the close that would matter. Monday morning emotional gaps tend to get filled quickly, but the gap could also turn into resistance so let's see how it plays out into the close. I don't think a winner can be called yet.

The small open gap has been filled so the magnetic draw may be completed. Now stocks have to rise on their own. SPY has had 2 more closes below the 50-day EMA and today would make 3 if it doesn't climb above it. Remember, we haven't had more than 4 closes below it in several months.

Europe is a sea of red this morning (nothing major) but U.S. seems to know the Fed will come through for the markets.

Any guesses on rate hike policy? Like: Nothing today, September on the table, December for sure?

Nothing today but I suspect an October Surprise is in the works.

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Nothing today.

tsptalk;502417]Europe is a sea of red this morning (nothing major) but U.S. seems to know the Fed will come through for the markets.

Any guesses on rate hike policy? Like: Nothing today, September on the table, December for sure?

Yellen will not want to say anything to shake up Markets with Greek debt talks and current volatility..

Originally Posted by tsptalk

Europe is a sea of red this morning (nothing major) ...

Final numbers out of Europe...


... and Asia...

Fund managers position for post-rate hike U.S. equity rally

https://finance.yahoo.com/news/fund-...152638278.html

The Russell 2000 is making a new 52-week high.



Wilshire (S-fund) is testing the old high.