Thread: tsptalk's Market Talk

Yep markets moving big at the moment...not sure what is going on, just saw it myself.

Originally Posted by LTJPFED

Yep markets moving big at the moment...not sure what is going on, just saw it myself.

Maybe just institutional sized profit taking. That nasdaq and spac bump up in the AM had to trigger some trimming.

Just another one hour pullback.

I mentioned these two in today's commentary. The XLF is on day two below support while XLE is trying to hold above it.

Originally Posted by tsptalk

Just another one hour pullback.

This bull is strong. Addicted to Fed-meth... but still strong and can keep bucking off riders that don't wear Birchtree-like sticky-pants.

Uh, oh small caps...

Reminder: Apple, Tesla, and Facebook report earnings after the bell today.

Originally Posted by tsptalk

Reminder: Apple, Tesla, and Facebook report earnings after the bell today.

Any idea how market will react?

Originally Posted by joblin20

Any idea how market will react?

So far so good.

Sorry I missed this yesterday, but I'm not sure my guess would have been better than 50/50.

I think I am going to sit on the sidelines until we know for sure what is going to happen.

That first 60-point gain may have been the easiest. Now it has the 20-day EMA and a descending resistance line to deal with. The 50-day EMA has held so far so if the bulls are still in charge, a move back to 3800 will be next. If the bears are in charge, it could get stuck right about here.