There's a very clear bull flag on the Russell 2000 small cap chart. They tend to break to the upside, and we saw that happen in May, but it was short-lived as it rolled over shortly after the breakout.
The S&P is trying to hang onto to that old high for support, while that open gap is luring it 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.
There's a very clear bull flag on the Russell 2000 small cap chart. They tend to break to the upside, and we saw that happen in May, but it was short-lived as it rolled over shortly after the breakout.
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.
Bespoke @bespokeinvest
SPY is currently on pace for its narrowest intraday high-low range since last September while QQQ is on pace for its narrowest range since December 2017.
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.
I'm digging the consolidation in the Russell 2000 and the fact that it's holding above those key moving averages, but breaking the rising channel is a red flag.
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 trend continues today. Although the Nasdaq is at all-time highs, currently today there are only 88 Nasdaq stocks making new 52-week highs, while surprisingly 81 are making new 52-week lows. In the prior two days the new lows outnumbered the new highs. Seems very odd.
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 just broke out of that bull flag. That's a nice looking move, but there's still some overhear resistance.
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.
Boy, small caps have sure had a mind of their own recently. The major indices haven't been moving together consistently lately.
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.
Another tariff tantrum after Trump tweets US adding more tariffs on China...
The 50-day EMA gets tested for a second time...
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.
That tariff tweet took a nice bite out of TSP.
May the force be with us.
A little bit of panic regarding the 10-year yield moving down near 1.6%. CNBC is talking about it going negative like Germany.
The S&P meanwhile is trying to hold the 200-day EMA again, and it initially got a pretty good move back above it. It's very early in the trading day, but that looks to be the key today.
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.
2-year vs. 10-year yield curve is now near 0.09. This chart only gets updated EOD so I added the move...
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