tsptalk's Market Talk

[wavecoder]

Sure seems so.... We just can't seem to break through SPX 2021 resistance.. I thought the Market had digested the weak GDP number and oil was up nicely.
What gives ?? Not wanting to hold through the weekend ??

Beats me, I stopped trying to make sense of the market a long time ago. If the market made sense, everyone would be millionaires haha. Market just does what it feels like, it is what it is :laugh:

 

[jpcavin]

Sure seems so.... We just can't seem to break through SPX 2021 resistance.. I thought the Market had digested the weak GDP number and oil was up nicely.
What gives ?? Not wanting to hold through the weekend ??

Last week we went down because oil was down. This week we went down because oil was up. :nuts:

 

[tsptalk]

Last week we went down because oil was down. This week we went down because oil was up. :nuts:

That's why we drink. :alcoholic:

 

[wavecoder]

That's why we drink. :alcoholic:

We drink, and the stock prices for beer goes down, what the dealio? :laugh:

 

[weatherweenie]

That's why we drink. :alcoholic:

Like I need another reason. :1244:

 

[Dutchy]

So who is manipulating this Markets between SPX 1995 and 2021 ? Up and down up and down... Who and why ??
Anyone ?

 

[tsptalk]

Crazy market today. These are the S&P futures prices for today so they're a little different than the S&P cash (5-minute chart)....

 

[OBXTrader]

Tom - You consider the bond traders smart money. Did you notice even when the bulls pushed the S&P positive today, AGG hardly moved? Two days in a row I wanted to use an IFT to buy into the market and didn't. Today's excuse was AGG. So, I blame you for zero IFT's this month. :cheesy:

Crazy market today. These are the S&P futures prices for today so they're a little different than the S&P cash (5-minute chart)....

 

[tsptalk]

Tom - You consider the bond traders smart money. Did you notice even when the bulls pushed the S&P positive today, AGG hardly moved? Two days in a row I wanted to use an IFT to buy into the market and didn't. Today's excuse was AGG. So, I blame you for zero IFT's this month. :cheesy:

Yeah, I've been saying the bond yields don't make sense with stocks near their highs. I feel like something is brewing that we don't know about.

 

[tsptalk]

Oil back below $50. Stalling the Dow. The Nasdaq is catching the bid instead.

 

[tsptalk]

It's the close that matters, but the Nasdaq is breaking out above its resistance...

 

[wavecoder]

time for bull tinky by the bushel *snort*

 

[Dutchy]

Nasdaq boosted by Apple ?? Dow/SPX bolstered on nothing... Crude down, no real news from Europe (Greek debt talks, Ukraine)
and Bonds up... Seems we were in QE mode, "Screw it, buy stocks!"

 

[tsptalk]

Big spike after hours on positive Greece news. S&P futures jumped 11 points. Then it was denied but some gains are hanging on. Still up about 8.

 

[weatherweenie]

Big spike after hours on positive Greece news. S&P futures jumped 11 points. Then it was denied but some gains are hanging on. Still up about 8.

Also, CSCO beat their earnings forecast.

 

[tsptalk]

Also, CSCO beat their earnings forecast.

Wow, up over 5% after-hours. That's a nice one for the Naz, but BIDU is getting hammered after hours, and TSLA is down some too.

 

[Sensei]

Europe is all up on the Ukraine cease-fire, and so were our futures, but they're starting to back off now. Is this an emotional reaction to news that will be quickly sold?

 

[tsptalk]

Could be a reason to take quick profits for traders, but Greece and oil are still the catalysts (it's a lubricant kind of market). :laugh:

Oil is up 2% this morning and it's flirting with getting above $50 again.

 

[weatherweenie]

Higher than expected unemployment numbers and lower than expected retail sales.

 

[tsptalk]

The semiconductor index may be the first to breakout of the big inverted head and shoulders pattern we have been watching for months...