Yields are bouncing back from Friday's little breakdown to the 50-day EMA, and that's helping the Financials lead to the upside. That's been one of the pieces hurting this market. Of course now we have FAANG lagging so ...
Nice rally to start the day, but the there's work to be done still...
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Yields are bouncing back from Friday's little breakdown to the 50-day EMA, and that's helping the Financials lead to the upside. That's been one of the pieces hurting this market. Of course now we have FAANG lagging so ...
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 best formation when looking for a low to develop, is the positive reversal type of candlestick (hammer). That means the index has to:
1) open higher
2) fail and move down to the lows
3) rebound and close near the highs...
We got the first two this morning. But now comes the hard part.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
financials is the only sector I've looked at today which is showing any decent strength.
Looking to buy some FAZ if it fails to break out and hold against the upper resistance
Last edited by sniper; 10-29-2018 at 01:01 PM.
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.
Seems like the rallies are getting sold lately. Don't know 'the math' but it sure 'feels' bearish.
'Fasten your seatbelts; it's going to be a bumpy night.' - Bette Davis from All About Eve.
https://www.youtube.com/watch?v=yKHUGvde7KU
Another big early rally, but again it is doing nothing yet to improve technically picture.
I don't like to see the High Yield Bond fund down again, and at the lows of the day, while stocks are up.
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 small caps (S-fund) are in an interesting position with this month's lows hitting and holding at the long-term lower support line from the bear market lows, but there's another support line that goes back to the 2011 lows that is further down.
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.
Attempting a V-like bottom, but the possible 200-day EMA resistance is not out of the picture yet...
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- the other day you mentioned this chart- comparing this recent downturn with February's, and also mentioning possible support at 2625. It turned out that the support that held was at 2603. And that would put the downturn almost identical in breadth and depth to the february fall.
If that tracked, it would create the bounce back up to 2875 or so before we pause again.
Can you show me- put the red line down to compare what happened in feb to what happened over the last week or so?
Thanks
Is this what you mean?
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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