The June 11 gap is finally filled and we're seeing a little backing up since, which isn't a surprise. However, that could just be some temporary profit taking.
A long weekend, lots of nerves out there, lots of weekly profits to take. Swan dive into the close.
We got the pre-holiday lift, with the help of the jobs report. Without it we may not have stayed positive?
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 June 11 gap is finally filled and we're seeing a little backing up since, which isn't a surprise. However, that could just be some temporary profit taking.
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.
Keeping it boring...
HYG is music to investor's ears today, while the 10-year yield stalled again at the 50-EMA.
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.
China.
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.
All valid reasons.
China told citizens to buy stocks, boosting market — ‘We have the Fed...China has its state media’
https://www.cnbc.com/2020/07/06/chin...ate-media.html
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.
As I said in today's commentary,
And it looks like the Supreme Court / Trump tax return story is doing just that this morning. We'll see if the bulls will be buying this "pushed" dip.It was another lighter than normal volume trading day yesterday, and those are the kind of days that can push the indices around. But holiday weeks like this also see a lot of traders staying home, leaving just investors, and that's why there's generally a bullish bias surrounding holidays
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.
A little bit of a switheroo going on this morning...
Nasdaq 100 is down, while the small caps and equal weight S&P 500 are up...
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.
Good looking action in most indices although the Russell 2000 is lagging again. Some impressive breakouts so far, which we talked about in today's commentary, but there's a lot of time left in the trading day.
The Nasdaq 100 goes into yet another gear as it breaks above its already insane trading channel...
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.
Pop and a double top. So far...
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 fight of the century!
Punch!
California to close indoor restaurants, movie theaters and bars statewide as coronavirus cases rise
After the bell Counter Punch!
Drugmakers will start coronavirus vaccine production by end of summer, Trump health officials say
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.
And this is why you say "so far" and "but there's a lot of time left in the trading day." Uggh.
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