10-year yield: Gap filled and resistance being tested. Here's the pivot point for the stock market, imho.
Here's the first test of this rebound in yields (10-year Treasury). If that can get taken out, the top of the gap would be the next test.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
10-year yield: Gap filled and resistance being tested. Here's the pivot point for the stock market, imho.
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.
Stocks are bouncing back from some steep overnight futures losses. The S&P 500 is now down just modestly (about 7 points right now). Oil is up over 10%, bond yields are down, and small caps are rallying big again, nearly hitting Friday's highs again.
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.
New highs in High Yield Corporate Bond Fund today, even after the negative reversal day on Friday? Interesting...
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
FedEx leading the Transports lower -nearly testing the 200-day EMA...
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Petroleum price spike means Fedex will have to pay more for diesel fuel and jet fuel.
--->
The yield on the 10-year is slipping back below the 50-day EMA ...
... after reversing at some overhear resistance...
While the S&P 500 test the prior highs again...
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 Transports are doing their part in holding at the key 50/200 day EMAs so far this morning. If they fail I assume filling the gap below would be next. Gaps do tend to get filled, but otherwise these EMAs would be a good place for the Transports to try stop the bleeding.
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 have been giving the Russell 2000 the benefit of the doubt that this could be a bull flag, but the flag in July is a better example, while the current one may be getting too steep to be considered a flag.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
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Boom...
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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