Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
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 50 day MA has been the name in the game for awhile now. Not just on the S&P, its the most significant MA on probably the majority of the charts that I look at.
The dollar and yields drop helping stocks to add onto Thursday's 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.
I think the CDC announcing the obvious gets credit here more than some would be willing to admit. Those masks on people (or not) are a huge symbol in the minds of people who may or may not be convinced that a recovery is well underway. That, and news that fuel is flowing again.
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Scott Harrison
Senatobia, MS
Re: Dollar weakness; I sold out of an ADR stock which had been underperforming for years. Guess when it started to really ramp higher? Yep, after selling it when the $USD index was around 100 (held it for over 12 years).
Wonder if it will soon be time for the I Fund to shine again. Not only does everyone seems to hate it these days for the beloved "small caps". I've read some "pros" or at least people who make money peddling less knowledge in books than can be had here for free that I Fund is a bad investment because it has underperformed for so long.
No mention given to 2003-2007 when I fund was THE place to be as the $USD index collapsed down to 70.
Not much going on with the dollar or yields so far this morning. The market seems to just be digesting some of Thursday and Friday's run up.
The VIX is spiking 13%.
Lumber is down another 4.5% this morning, tacking onto last week's 4-day losing streak.
Small caps and the Nasdaq (growth) are lagging to start the day.
High Yield Corp. Bonds (HYG) are down, but nothing serious.
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.
People talking about lumber prices in your parts? I was at two gatherings in the past week and the topic of lumber came up at both.
TSPtalk's been talking lumber prices for almost a year now.
Lumber
Sure glad I built the lake place 2 years ago. I did put the 30 x 40 shop on hold as the supplies came in at $25,000 just for material. That price was good for 3 days only!
S-fund is hitting the 50-day (and 20) EMA ths morning. I talked about this in today's commentary.
https://www.tsptalk.com/mb/blogs/tsp...ake-break.html
The DWCPF (S-fund) ended the day with a small loss, which is a victory after the monster two-day rally. But it has the 50 and 20 day EMAs overhead and if they pose any trouble, the bears will make another move to push this lower. Pausing there on the way up for a day isn't a deal breaker, but rolling over before then would not be good.
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.
It looks bad out there. I did notice this current formation off the top looks a lot like June of 2020. There was a totally different market situation going on then, but the 50-day EMA held on the retest. That doesn't always happen, but if the pattern continues? I can certainly show other examples where the 50 EMA did not hold so take it for what its worth.
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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Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
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