Nice reversal. 10 minutes to go, but it looks like the Transports are actually going to close at an all-time high.
The credit market ETF just went positive for the day.
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.
Nice reversal. 10 minutes to go, but it looks like the Transports are actually going to close at an all-time high.
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.
Credit market smarting today.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Gotta hold here.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Yields are getting serious...
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Yesterday's high (over 1.6%) and reversal in the 10-year yield may be a temporary peak. If not, the correction in stocks should continue. If it does start to pullback and try to fill that open gap, we could see a relief rally in stocks. The very early action on Friday shows the yield dipping below 1.5% again, so we see a little buying in the indices. There's lots of time for that to change however.
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 S&P 500 is testing that 50-day EMA. Waiting for a bottom, is a lot like waiting for a pot of water to boil. It won't happen if you're watching it.
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.
Yeah, both charts look peaky, at least for short term.
Did you see the dollar?
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.
Yeah, that's another thing. Huge reversal and looking like the H&S pattern was completely negated.
Looking at the big picture though, it shouldn't be bearish that rates are returning to pre-covid levels. It's just going to take some time for carry trades and momentum strategies to adjust.
Reversals today - yields falling some again today after Thursday's reversal, credit (HYG) up big, and VIX is down 16% and back below the 200-day 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.
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