Discuss Market Comments 11/18

Big test for the bull market- Stocks didn't exactly rebound yesterday, but they did stop going down, if that is any consolation. The Dow lost 15-points, but the S&P, the Nasdaq, the Dow Transports, and particularly the small caps and international stocks, all closed higher on the day...

Market Commentary for 11/18/10

Current Daily Market Commentary

 

[Guest]

Darn, these big fast moves and our trading restrictios make it so frustrating, but anyone reading this site already know that. It tempts you to "chase" the market.

 

[Guest]

Darn, these big fast moves and our trading restrictios make it so frustrating, but anyone reading this site already know that. It tempts you to "chase" the market.

Agreed!

 

[tsptalk]

True - it is tough with the TSP limts, but this kind of action is even tough in a personal or IRA account. The gap opens are tough to be in on unless you did a little gambling the day before.

I see a lot of open gaps on the charts of some ETF's I trade. I would hope we start seeing them get filled where we can do a little bargain shopping.

 

[fcharles81]

I'm still sitting at 100 in the G. I should've followed Intrepid but I'm still learning the ropes and didn't understand his move.

 

[tsptalk]

Also, as far as chasing goes, we could be just at the start of this next move. And if support breaks, we'll know we were wrong...

 

[Guest]

I just found this site...and I really enjoy reading all your insights. I guess I need to brush up on how often I can trade in the TSP.

 

[tsptalk]

Hi. Glad you found us!

The TSP allows us 2 interfund transfers per month. But after 2, they will allow extra transfers if you are moving money into the G fund. No other fund can increase in percentage after IFT #2.