Futures gap up after French election relief...
Le Pen Comes in 2nd, despite the headlines
Big day for the Transports but it's now testing some serious resistance (50-day EMA and descending trend line).
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.
Futures gap up after French election relief...
Le Pen Comes in 2nd, despite the headlines
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.
Here's a couple of interesting charts today...
The Nasdaq has made a new all-time high.
The Transports broke out above the 50-day EMA, which was key, but there may be some resistance at the top of this parallel trading channel, which could also turn out to be a big bear flag. This chart may be key for this breakout to continue to the upside in the market in general.
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.
Still below the resistance on the Transports, but that is to be expected on the first push. This was a big, important move above the 50-day EMA. The question is whether it can breakout above that flag or whether it needs to fill that gap first.
The Nasdaq is above resistance and doing fine.
Busy week this week ending with the budget deadline / possible gov't shutdown.
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.
Good call last Friday on things looking bullish!
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.
Small caps: 2 large open gaps below and bumping against the old high resistance line.
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.
"Small caps: 2 large open gaps below and bumping against the old high resistance line."
What to do, what to do...
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