Discuss Market Comments 03/22/11

The Transports fake-out / breakout - Stocks moved sharply higher again yesterday, putting together its best 3-day rally since September. The Dow gained 178-points and the gains were pretty broad...

Market Commentary for 3/22/11

Current Daily Market Commentary

 

[Dutchy]

It is interesting that Tom is now discussing his personal TSP fund allocations day to day. That makes the commentary more interesting and puts his comments into practice. He does not display his allocation on the the Tracker, you can only note his YTD return. Dutchy

 

[tsptalk]

Thanks for the feedback, but I probaly won't do that all the time. I am affected by the premium services so sometimes what I think will happen and what I actually do, can be different based on something I see / in one or more of our premium services. Out of respect for paying subscribers I don't like to give my allocations out since they are affected by the PS's.

If I say I am "XX% this or that fund", it is true, but a PS signal could change my approach quickly.

Just so you know.

 

[WorkFE]

Thanks for the clarification and honesty.

 

[hessian]

The $TRAN today ended right back at the blue wedge "breakout" line - basically at resisitance, & technically a 2nd day confirmation - but...
Question for tomorrow, is it really making a confirmation - or perhaps it will be a double-fake-out! Hhhmm...
Or, perhaps there's another pattern to look for?