tsptalk's Market Talk

[FireWeatherMet]

Opinion: Investors’ exuberance is at a frighteningly high level

Investors

 

[FireWeatherMet]

Opinion: Investors’ exuberance is at a frighteningly high level

Investors

Meant to add link to that article:

Investors

 

[exnavyew]

[h=1]Bulls sniffing out an S&P breakout[/h]http://www.cnbc.com/id/102619202

 

[tsptalk]

Another nice week for biotech. In my experience whenever biotechs performed well / bad the rest of the market followed soon after. Though it's been for just the past year so I don't know if it's just coincidence or if there's any real correlation for what it's worth.

BBH down 3% today but testing 50-day EMA.

 

[wavecoder]

BBH down 3% today but testing 50-day EMA.

yup, not a good day for it today. erased all of last week's gains and then some

 

[tsptalk]

I drew the candlestick in since I don't have a live chart, but the German DAX broke down hard from its bear flag today and below the 50-day EMA.

That doesn't bode well for the I-fund but the dollar is also down about 1.4% as I write this so the I-fund may actually hold up well today.

 

[exnavyew]

Nikkei down 2.5%? Ouch.

https://finance.yahoo.com/news/asian-stocks-slip-euro-stands-005307557.html

 

[tsptalk]

Sinko De'Mayo

Bottom of the recent channel tested again. It's chopping but still in the ascending channel.

 

[tsptalk]

Small caps are leading so far today, and the Russell is trying to make a move above the 20 and 50-day EMAs...

 

[tsptalk]

If the S&P hits about 2093, the open gap will get filled on SPY.

 

[tsptalk]

If the S&P hits about 2093, the open gap will get filled on SPY.

Filled, and 50-day EMA held so far. It rebounded strongly and has filled the new gap created this morning. Now it needs to close near the highs and above yesterday's low

 

[tsptalk]

It's trying...

 

[tsptalk]

Boy, the broader indices are really ignoring this weakness in the Transports. Pre-holiday noise? :1244:

 

[tsptalk]

Recent overhead UUP gaps have been filled. Is this just holiday reversal that will reverse back next week? Big gaps below now...

 

[tsptalk]

Well, that's one way to end the week. That's light volume trading for you.

It's actually not as bad as it looks. That's like a 4 or 5 point (0.22%) decline in the S&P in the last half hour.

 

[wavecoder]

The market's been kinda ho-hum these last couple months

 

[pmaloney]

Yup, Yawn. Making money the slow and easy way. One month at a time. :smile:

 

[FireWeatherMet]

The market's been kinda ho-hum these last couple months

Yup, Yawn. Making money the slow and easy way. One month at a time. :smile:

Yup,
Might want read/view this. Especially the last part.

In a quiet stock market, whispers of an M&A wave

In a quiet stock market, whispers of an M&A wave - Yahoo Finance

 

[tsptalk]

Testing the cup & handle rim's old resistance...

 

[jkenjohnson]

Testing the cup & handle rim's old resistance...

I'm feeling a little spooked today.