06/06/25
We had some trade negotiation troubles and some inner White House conflict that made Thursday just an odd day for the stock market. We saw some decent early gains evaporate and turn into losses by the close, and the charts, that had been looking rock solid, may be having some issues, but today's jobs report may change everything.
As I mentioned yesterday, I am taking a mini vacation so I am not in my office, and I am not a laptop kind of guy and everything in creating this report has been a struggle from connections to my normal programs working.
I did get the AutoTracker updated and that was job one. And this really short commentary is going to have to be good enough. Sadly, it may also be like this on Monday.
Fortunately, I don't have too much to write about. The market has been in good shape and today's jobs report could make or break the current bullish momentum.
On the surface this S&P 500 (C-fund) chart looks fine, but technically it could have been a negative outside reversal day, which is not a good look going forward, but it wasn't very obvious and today's jobs report could confirm or refute that formation. The index can't seem to get and stay above that lower red resistance line, but it could be in limbo waiting for the jobs report and the outcome of the trade deal negotiations with China.
OK, that's all I can stand with this laptop and connection. I still like the set up for the dip buyers, but it could change if the jobs report or the China deal fall flat.
I won't be back in my office until Tuesday morning. I may take a little more time than usual to respond to emails so I apologize in advance for any inconveniences.
Again, my apologies for the brief commentary.
Thanks so much for reading! Have a great weekend!
Tom Crowley
Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss the allocations of the TSP and ETF Systems. For more information on how to gain access and a list of the benefits of being a subscriber, please go to: www.tsptalk.com/plus.php
Questions, comments, or issues with today's commentary? We can discuss it in the Forum.
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Posted daily at www.tsptalk.com/comments.php
The legal stuff: This information is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this data. Do not buy, sell or trade the funds mentioned herein based on this information. We may trade these funds differently than discussed above. We may use additional methods and strategies to determine fund positions.
We had some trade negotiation troubles and some inner White House conflict that made Thursday just an odd day for the stock market. We saw some decent early gains evaporate and turn into losses by the close, and the charts, that had been looking rock solid, may be having some issues, but today's jobs report may change everything.
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As I mentioned yesterday, I am taking a mini vacation so I am not in my office, and I am not a laptop kind of guy and everything in creating this report has been a struggle from connections to my normal programs working.
I did get the AutoTracker updated and that was job one. And this really short commentary is going to have to be good enough. Sadly, it may also be like this on Monday.
Fortunately, I don't have too much to write about. The market has been in good shape and today's jobs report could make or break the current bullish momentum.
On the surface this S&P 500 (C-fund) chart looks fine, but technically it could have been a negative outside reversal day, which is not a good look going forward, but it wasn't very obvious and today's jobs report could confirm or refute that formation. The index can't seem to get and stay above that lower red resistance line, but it could be in limbo waiting for the jobs report and the outcome of the trade deal negotiations with China.
OK, that's all I can stand with this laptop and connection. I still like the set up for the dip buyers, but it could change if the jobs report or the China deal fall flat.
I won't be back in my office until Tuesday morning. I may take a little more time than usual to respond to emails so I apologize in advance for any inconveniences.
Again, my apologies for the brief commentary.
Thanks so much for reading! Have a great weekend!
Tom Crowley
Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss the allocations of the TSP and ETF Systems. For more information on how to gain access and a list of the benefits of being a subscriber, please go to: www.tsptalk.com/plus.php
Questions, comments, or issues with today's commentary? We can discuss it in the Forum.
Daily Market Commentary Archives
For more info our other premium services, please go here... www.tsptalk.com/premiums.php
To get weekly or daily notifications when we post new commentary, sign up HERE.
Posted daily at www.tsptalk.com/comments.php
The legal stuff: This information is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this data. Do not buy, sell or trade the funds mentioned herein based on this information. We may trade these funds differently than discussed above. We may use additional methods and strategies to determine fund positions.
