Thread: tsptalk's Market Talk

Source: https://money.cnn.com/data/fear-and-greed/

Originally Posted by tsptalk

The blue gaps are officially filled. New red open gaps are clear.

Aren't there a couple more to go on the S&P500 (3119 Dec 5, and 2948 Oct 10,2019)? Or am I missing something ... too small a gap to be considered a gap?

Originally Posted by Khotso

Aren't there a couple more to go on the S&P500 (3119 Dec 5, and 2948 Oct 10,2019)? Or am I missing something ... too small a gap to be considered a gap?

We got a few gaps and goes in the last couple of years and they do like to get filled eventually but yeah, some are small enough that investors aren't waiting for the to get filled to get back in. Filling them would be nice and neat, and more importantly would likely test the 200-day EMA, but that big overhead gap created today may mean more in the short term.

Covid-19 isn't going away any time soon. I suspect those gaps Khotso mentioned are in our future. Looks like we've stemmed the bloodshed for today, but I think we've got a lot more to go.

Originally Posted by James48843

Covid-19 isn't going away any time soon. I suspect those gaps Khotso mentioned are in our future. Looks like we've stemmed the bloodshed for today, but I think we've got a lot more to go.

I thought about this comment when I saw the futures up a lot this morning. Great point.

BOOM!

Down we go again. S&P now at -0.62% down and falling.

EMW (S fund) now tanking- down -1.38%

gonna be a rough day.

Originally Posted by James48843

BOOM!

Down we go again. now at 0.62% down and falling.

Double that for the "S" fund.

This is a BIG opportunity IF we can figure out where the BOTTOM will be! DUH!Bunny_in_hat.gif

Yea, big IF.. The Ten Year Treasury note yield continues to drop, Gold is more or less holding steady today, as well as Copper. VIX is more or less unchanged. I think the safety plays are looking more and more attractive to a lot of folks, so more bottom action to come?

Originally Posted by rangerray

Yea, big IF.. The Ten Year Treasury note yield continues to drop, Gold is more or less holding steady today, as well as Copper. VIX is more or less unchanged. I think the safety plays are looking more and more attractive to a lot of folks, so more bottom action to come?

It is strange to see the markets down 1%+ and the VIX up less than 2%. I suppose that's because 1% isn't too bad following a 3% day.

Due for a bounce here, or would that be too easy?

S-fund chart: