The 50 and 200-day EMAs are now possible downside targets, but there is some rising support at today's lows that could try to hold...
Early Wednesday action:
A little follow up on Monday's negative reversal and a break in the recent trend...
Also, small caps are lagging the S&P as the DWCPF has filled its gap and is testing the rising support line...
The S&P 500 filled its gap but is also getting a bounce off it. It's early though, with the Fed waiting...
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 50 and 200-day EMAs are now possible downside targets, but there is some rising support at today's lows that could try to hold...
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.
Both recent laggards, small caps and the Transports, both of which put in strong positive reversal days on Thursday, are leading today...
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Look at the Transports go again... but at this morning's highs it is facing a double top.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Not much going on today in the stock market except some fading that may be trying to fill the open gaps from Monday...
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Small caps are down moderately this morning and may need an afternoon rally to keep it from breaking down from the rising support line...
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 quiet day, and very few interesting developments this morning so far. I see the HYG high yield bond fund is down for a bit of a negative divergence. Other than that most indices are green except the Transports are still in a double top pullback process.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Interesting positive technical development in bonds this morning. It's looking more like a bull flag now, and the 2019 chart shows a possible fake-out breakdown, that could turn into a breakout - as we sometimes see in pennant formations -- the fake-out / breakout.
That said, bonds have always been tough for me to figure out with technical analysis. They rarely do was seems obvious to me.
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 "safety trades" have been slowly falling as stocks have risen since early October, but these now look like large bull flags. If do we see bull flag breakouts in gold and bonds it could very well mean that stocks won't be performing well. Who knows when though, because flags can drag on for some time. So "if" they breakout of these flags, and "when" they do, are the questions.
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.
Double top for S-fund, or just a temporary pause before a test of the all-time highs?...
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 yield on the 10-year appears to be at the make or break level. The F-fund will move in the opposite direction of this coming breakdown, or bounce off support.
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) |
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Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
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