Capture.jpg
Copper is not having a good day, and from what you teach us Tom, that makes me nervous that this rally will be very short-lived. HYG is flat now after a healthy morning rally. We shall see.
The indices are giving back morning gains, but I think it's too early to say it's a failed rally. An open gap was created at the open and this is so far just some backing and filling. I suspect some that missed yesterday's rally may start buying again today before the day is done. If I'm wrong and that descending resistance holds, the market will be in trouble unable to follow-through on a huge oversold rally. But, let it breathe for a bit here before panicking.
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.
Capture.jpg
Copper is not having a good day, and from what you teach us Tom, that makes me nervous that this rally will be very short-lived. HYG is flat now after a healthy morning rally. We shall see.
Small caps are sure struggling since hitting the 20 and 200-day averages...
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 Mexican tariff announcement sent the S&P up to the 50-day EMA... But can it close above it?
https://www.cnbc.com/2019/06/06/stoc...t-to-slow.html
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 jobs report came in light - more than 100K below estimates. The unemployment rate was 3.6% - slightly better than expected, and wages grew at 0.02%, a tick lower than expected.
The market's knee-jerk reaction in the futures at 8:30 AM ET was to rally. That's what we thought could happen because it puts pressure on the Fed to consider cutting rates sooner than later. We also said that this bad news is good news rally could be sold quickly.
Friday's commentary: https://www.tsptalk.com/mb/blogs/tsp...iff-talks.html
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 AGG (F-fund) did break above that bull flag that we talked about in today's commentary. The new low in yields while stocks rally tells us this is all about the Fed potentially cutting because of weak economic data.
Just like stocks plummeting late last year when the Fed was raising rates because the economy was running hot, the market seems to be all about the Fed and not the economy.
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.
This is quite the trajectory. Sustainable?
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.
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
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.
Not really, although a day like today does create a sort of gap between yesterday's close and today's low. But no obvious gap that we can see on the chart.
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.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks