Thread: tsptalk's Market Talk

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The SPY seems to be tidying up and filling its open gap, although it had to dip below the 50-day EMA to do so.




The small caps however, are remaining below the 50-day EMA and it is now flirting with the bottom of its bear flag.

Knocking on the 50-day EMA door again...

A nice reversal on the Trannies, but not before it fell below the 50-day EMA, and it's now trying to crawl back above it. There's an open gap there for the taking, but this is a breakdown until it can recapture the 50-day EMA. There are a couple other levels of support below but this is a yellow flag here.

A couple of developments. The Transportation Index is testing overhead resistance yet again, midday today...



The HYG Corporate Bond fund is looking a little shaky haven fallen below 3 levels of support...

Try to hold onto the 100-day EMA. Only 4 closes below it since early March.

With the onslaught of negative headlines recently directed toward the Clinton campaign, it looks like the market is trying to price in a possible Trump victory, something it has mostly dismissed because of Clinton's lead in the polls. The possibility is now showing with some technical damage being done to a few charts.

CNBC: http://www.cnbc.com/2016/10/31/this-...r-istrump.html


THIS THREAD IS FOR HOW THE ELECTION MAY IMPACT THE MARKETS, NOT FOR POLITICAL DISCUSSIONS. WE HAVE POLITICAL THREADS FOR THAT. THANKS.

Well I think this latest nonsense has solidified my opinion that I'm taking my money completely out of TSP next year.

I'm totally sick and tired of putting up with being trapped with 2 moves and a noon deadline.

Just need to find a barf bag and a time to get the hell out of the market.

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Originally Posted by Lakebound

Just need to find a barf bag and a time to get the hell out of the market.

Barfing is actually a pretty bullish sign.

Originally Posted by tsptalk

Barfing is actually a pretty bullish sign.

Headed to the loo to purge! Gotta take one for the team ! 😨

Frank

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FOMC announcement today.