Thread: tsptalk's Market Talk

The dollar is getting slammed on the "bigger checks" news. That's helping the EFA (I-fund) lead with a 1% gain so far this morning.




Also, new high in HYG (Credit market) which is great news for stocks, but still some work to do to get passed that resistance.

We can't seem to get all indices up on the same day. Small caps are lagging today.

DWCPF (S-fund) has a small open gap it may be eye-balling, or at least there could be some buying interest there if it pullback next week....

The financials are having a mini breakout this morning, but still lagging the major indices and below their 2020 highs from back in February.

Nice day for the I-fund, even though the dollar is flat. Breaking back above that old support is big, but still could be a possible double top. I don't know. Breaking that old support is a pretty healthy move.

New highs today for the Dow, S&P and Nasdaq, but boy are things getting stretchy.




The most stretched, the small caps, are lagging.

The dollar made a new low today, and if HYG (credit market) closes were it is now, would be at another closing high. Could be bullish, could be seasonal?

Wow! How about that close?

Trump rally moves to Capitol and the big rally in stocks gets a little wobbly.

https://www.cnbc.com/2021/01/05/stoc...lose-news.html

https://www.foxnews.com/politics/liv...ion-trump-says

I'm not sure if this is going to be a meaningful change in trend for the dollar, but if so, it could make a big difference.

Good point. USD coming close to big support at 88 level. I don't think many are considering the risk of a dollar that stops falling.

I am definitely watching that dollar. Went to F today to lock in the gains. Probably will regret it tomorrow. But I do have a question. Why would people not just move their money out of TSP and into a direct rollover in E*TRADE? Then just buy the spy or whatever etf they wanted. Or stock. Then you can move as often as you want instead of twice a month. Just seems to make since to me, I could be completely wrong. Have not done anything yet. But looking into it.


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