Stocks were mixed yesterday with the Dow dropping 27-points, but most broader indices posting small gains. It was a very quiet day and as they say, never short (bet against) a dull market.
I'm out of town this week spending time with my home town friends and family - first time in six years. I want to do more visiting than market analysis this week so I'm hoping for a quiet week for stocks so I can keep the commentary brief.
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The SPY (S&P 500 / C-fund) has been in a slow uptrend and tough to bet against. It is near overhead resistance so it could pause here. Slow action.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
Bonds were flat as well. Not much happening so we'll have to wait until the markets, both stocks and bonds, give us some technical clues.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
I haven't done this in a long time, but with the quiet action in the morning and me being on vacation, I am going to take cut things short. If we don't see something happen in the next day or so, it will be a quiet week and while I'm hoping for some action, I'll take advantage of the quiet during my time off.
Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss the Sentiment Survey Results and its 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
Thanks for reading! We'll see you back here tomorrow.
Tom Crowley
Posted daily at TSP Talk Market Commentary
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 use additional methods and strategies to determine fund positions.
I'm out of town this week spending time with my home town friends and family - first time in six years. I want to do more visiting than market analysis this week so I'm hoping for a quiet week for stocks so I can keep the commentary brief.
[TABLE="align: center"]
[TR]
[TD="width: 300, align: center"]
[TD="align: center"] Daily TSP Funds Return
[TR]
[TD="align: right"] [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The SPY (S&P 500 / C-fund) has been in a slow uptrend and tough to bet against. It is near overhead resistance so it could pause here. Slow action.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
Bonds were flat as well. Not much happening so we'll have to wait until the markets, both stocks and bonds, give us some technical clues.
Chart provided courtesy of www.stockcharts.com, analysis by TSP Talk
I haven't done this in a long time, but with the quiet action in the morning and me being on vacation, I am going to take cut things short. If we don't see something happen in the next day or so, it will be a quiet week and while I'm hoping for some action, I'll take advantage of the quiet during my time off.
Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss the Sentiment Survey Results and its 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
Thanks for reading! We'll see you back here tomorrow.
Tom Crowley
Posted daily at TSP Talk Market Commentary
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 use additional methods and strategies to determine fund positions.
