tsptalk's Market Talk

[tsptalk]

Unless these are pre-holiday fake-outs, this is some very bullish action. President's Day isn't one of theose holidays that we get the same kind of holiday reversals like some of the bigger ones where people travel etc....(Xmas, Thanksgiving, Memorial Day, etc.).

Small caps following through on Thursday's breakout.

The gaps in the EFA may mean some short-term backing and filling, but the action has been very good.

 

[Bquat]

Unless these are pre-holiday fake-outs, this is some very bullish action. President's Day isn't one of theose holidays that we get the same kind of holiday reversals like some of the bigger ones where people travel etc....(Xmas, Thanksgiving, Memorial Day, etc.).

Small caps following through on Thursday's breakout.

The gaps in the EFA may mean some short-term backing and filling, but the action has been very good.

Now you tell me.

 

[soon2retire]

Looks as though everything is trying to pull back a bit for the long weekend, hopefully they all stay green by days end!

 

[tsptalk]

Now you tell me.

I tell you everyday... whether you want it or not.

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[tsptalk]

Looks as though everything is trying to pull back a bit for the long weekend, hopefully they all stay green by days end!

Just intraday noise for now - particularly around lunchtime. If they sell into the close, then it's iffy.

 

[tsptalk]

Weak oil report sent oil down, and stocks in sympathy. Let's see if the dip buyers show up again, or if investors pack it in for the week.

 

[Dutchy]

Why chart watchers are worried...



Why chart watchers are worried about U.S. stocks - MarketWatch

 

[pmaloney]

Great job on the market today! Loved the closing results and looking forward to another three days!

 

[tsptalk]

Nice little Fed Minutes induced pop. CNBC said the S&P has closed higher on the last 7 fed minutes release days.

 

[tsptalk]

Pop and a drop for the Nasdaq... The fed pumps up the volatility a little after a few slow days.

 

[tsptalk]

Oil has been dipping below the "important" $50 level yet stocks remain buoyant - thanks to Janet.

 

[pmaloney]

Thank you Janet! :laugh:

 

[wavecoder]

Biotech is going ape **** right now haha. cha-ching!

 

[Birchtree]

Bernstein argues that stocks are fairly valued at current levels, putting them in the middle stage of what he expects to be an elongated bull market.

 

[tsptalk]

Looks like flag action.

 

[weatherweenie]

Looks like flag action.

It's early, but it's looking like the unlikely bull flag breakdown is in progress.

 

[tsptalk]

The 20-day EMA has held so far and the dip buyers are making their move now. The question is going to be whether they have the strength to take it to the close.

 

[weatherweenie]

I like that the SP500 was able to get back to, slightly above, 2100. I don't like that 2100 hasn't been able to hold, so far.

 

[FireWeatherMet]

I like that the SP500 was able to get back to, slightly above, 2100. I don't like that 2100 hasn't been able to hold, so far.

On Fast Money Talk (CNBC) yesterday an analyst said that 2193 was a critical level to hold at...seems like that (or a fraction lower) is where the intra-day low has been, so that's a good sign.

 

[weatherweenie]

On Fast Money Talk (CNBC) yesterday an analyst said that 2193 was a critical level to hold at...seems like that (or a fraction lower) is where the intra-day low has been, so that's a good sign.

2093?