Thread: tsptalk's Market Talk

It's nothing new but but I'm still amazed at how low yields on UK and German Bonds are. Yes, that's a negative on the German Bund.

The Transports are struggling today but so far just a little tidying up of that open gap.

Some things to note today... Transports up big on earnings. Small caps down sharply on... something. Yield on 10-year T-note looks to be peaking at 50-day EMA - if today is a negative reversal day as it appears to be as of now. (See chart).

Another day of new highs for the dollar. That's not doing the I-fund any favors today.

The small caps were getting pounded near the open this morning - falling below those old highs again, but they are fighting back hard after hitting the rising support line. The negative reversal day on Wednesday did its job of producing more short term weakness but the bulls made a move to push back at that weak open. We'll see if the bears have any teeth to swat back this intraday rally. So far this year, they haven't had much success.

Tom...whats happening with smart money/dumb money chart ??
thanx...EJJ

It's in today's Plus report. Don't want to talk specifics in this public forum, but let's say the dumb money is a lot more confident in a rally than the smart money right now - by a spread of 57.

OK, so that was a specific.

Originally Posted by shitepoke

Tom...whats happening with smart money/dumb money chart ??

The energy ETF is doing a little dance between the 50-day MA and the 200-day EMA. Looks like the 50-MA is crucial.

The 10-year yield is pulling back after yesterday's rally. It looks like a possible bear flag. 25.50 or so could be tough resistance. When yields go down, bonds prices go up. Is 2.5% (25.00) going to hold or do we see another test of that 2.35% low - which would help the F-fund?

The S-fund pulled back sharply this morning after Monday's negative reversal day, but so far the rising support is holding again...

"One Way Or Other"

This may be the reason for that sharp sell-off earlier...

https://twitter.com/LiveSquawk/statu...43825722474496


More on the Chine trade talks...

https://www.cnbc.com/2019/04/29/us-c...tells-nyt.html