Failure, again.
Now, can it close up there?
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.
Failure, again.
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.
They are part of it, but money managers are looking to buy dips for clients, while other are taking profits. The support and resistance is narrowing so something is going to give soon.
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.
With an hour to go and the S&P making new intraday highs, the Transports are giving it a go at new 2016 closing highs again, and a breakout above the inverted head and shoulders pattern neckline / resistance.
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.
A couple of key support areas being tested on S&P and Transports...
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.
As if on queue while testing support, stocks bounce after central bank intervention.
I got this from Revshark on his website (sharkinvesting.com)...
Vitor Consancio of Portugal, who is the Vice President of the European Central Bank, denied rumors that the central bank was likely to taper off its bond buying in anticipation of the end of the program. He added that stimulus would continue until inflation starts to approach the targets set by the ECB.
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.
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.
The S&P blasted up at the open but hit a wall this morning at the 20/50-day EMAs.
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.
Janet Yellen opened her yap again.
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100-day EMA trying to hold. Only 3 closes below it since March - the Bexit sell-off.
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.
The 50-day EMA getting tested again this morning, after the 100-day EMA held again...
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.
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