Is “filled that open gap” a good thing or a bad thing? I’m just learning all this....
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A couple of early developments this morning...
The Transports have now filled that open gap...
The 10-year Treasury yield and the AGG have broken their flag formations. They could be fake outs, as we saw on the other side of each of the flags earlier this month...
Tom
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Is “filled that open gap” a good thing or a bad thing? I’m just learning all this....
Sent from my iPhone using TSP Talk Forums
It's good in that we anticipate them getting filled. If it had continued to rally without filling the gap, then we have to keep looking over our shoulders that it could still happen.
So from a technical analysis viewpoint, it is good. Whether it is good for the Transports itself isn't as certain - especially since there is another large open gap down by 10,100.
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.
Trade news just filled the gap on the S&P 500...
Tom
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Interesting day. Stocks are down, and the safety trade of bonds and gold are also down.
The dollar is up, which has something to do with it, but the slide in stocks today isn't being met with much concern so far.
The VIX is up, oil is up, high yield corporate bonds are up slightly.
The Transports have fallen to their 50-day EMA looking for support.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
The dollar is getting a pop today, while the yield on the 10-year is off the lows but down slightly, and stalling at the old support area...
Tom
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VIX at 12.00 again....
Tom
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Small caps making a move...
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Typical pre-holiday action today with bullish bias.
It's interesting that the Transports are down. Almost all components in the index too.
https://finance.yahoo.com/quote/%5ED...nents?p=%5EDJT
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 month, new direction?
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.
Gold and bonds are down, oil is up, so this isn't exactly a panic sell-off. That could change if the downside continues into the day / week, but right now, it looks "normal" or healthy after the rally we've had.
The market rarely does what I want it to do, but a pullback to 3025 on the S&P would be a nice clean way to start a Santa Claus rally later in the month.
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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