Thread: tsptalk's Market Talk

The S&P is knocking on the breakout door again.





Mondays have been good to the market since this rally started. Particularly the Nasdaq 100. Last week was an ugly exception.

The Transports aren't playing today. They filled the open gap on Friday and gave up - for now - right before some big earnings releases from the airlines and rail companies.




https://finance.yahoo.com/quote/%5EDJT?p=^DJT&.tsrc=fin-srch

I'll be darned. The faltering Nasdaq 100, which had formed small bear flag, is once again bouncing off that 20 day EMA area. Amazon is leading the way with 7% gain today.

early indications: It looks like it could be a day for the small caps to play catch up, and perhaps a day of rest for the Nasdaq...

Stock are slipping in this final hour, but it looks like the equal Weighted S&P 500 is holding onto decent gains, so the rally is a little broader today, as the Nasdaq takes that breather..

Quite the dance in the first 90 minutes of trading today. Very whippy.

It's a second down day for the $NDX (Naz 100) and it hasn't closed down for two straight days since Mid-May, and three straight days... early March.

BTFD

NDX waiting on MSFT and TSLA this evening.

Originally Posted by tsptalk

Quite the dance in the first 90 minutes of trading today. Very whippy.

It's a second down day for the $NDX (Naz 100) and it hasn't closed down for two straight days since Mid-May, and three straight days... early March.

BTFD

I'm just now seeing this

and it is another indicator to me that its about time to take a breather in the market. 'It's had a nivce run, bt its already up 5% plus for the month. Time to get out to the sidelines??

The market is resilient. Totally blew off China tensions. I would think Microsoft will have good earnings and Tesla just seems to be on a tear higher. Looks like maybe a late day rise too.

Nothing overly interesting happening today. Small caps seem to be outperforming, but other than that it feels like a day of rest after the good, but not great, earnings reports last night.

This is the time of July that we tend to see a "sell the news" reaction, even if the news is good, so as Boomer said, the market is showing resilience when it has the excuse to pullback.

Originally Posted by tsptalk

Look at that volume dwindling down