A couple of struggling charts.
DWCPF (S-fund) needs to hold here otherwise face 3 potential downside targets.
HTG failed breakout again.
I'm not sure why yields would be down so much on a strong retail sales report. It seems like the opposite reaction that I would have expected? Kind of like oil yesterday - it broke up from a bear flag, and that's what BND (F-fund) is doing today, oddly on an inflationary report, which is sending gold higher - as you'd expect.
So I have to admit that I don't get the move in bonds today, but gold makes sense.
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 couple of struggling charts.
DWCPF (S-fund) needs to hold here otherwise face 3 potential downside targets.
HTG failed breakout again.
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.
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.
Doller (UUP) is filling the gap. Will the top of the gap provide resistance and send it lower again?
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 dollar resumes its downside plunge today. 10-Year Treasury yield is trying to bounce off the 50-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.
This rally sure feels completely algo driven. I mean, what changed from yesterday's sell off that scared investors into worrying about tax hikes? The answer... stocks went higher this morning and the algos are jumping on it.
Watching the 15 minute chart of the Nasdaq futures since the market opened, there are 16 positive bars, 2 negative. No one is selling.
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.
Or could it be the algo's were in charge yesterday and drove price down immediately, and I mean as soon as the tax hike reports came out, within a minute stocks started dropping. Humans can't react that quickly. Then today the humans stepped in with cooler heads and rational thinking and realized that the tax hike is just a proposal and and might even be reduced as the two sides banter back and forth. Thus markets back up. JMO
Russell 2000 small caps: Watch that 230 area of the "mothman" pattern for a possible peak. Actually, it's a head and shoulders pattern, but mothman is cooler.
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.
Just another negative reversal day in the Transports that gets followed up by a rally.
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.
Reminder that Alphabet (Google) and Microsoft report after the bell today.
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.
10-year yield is breaking out after holding support. That means trouble for the F-fund.
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.
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.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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