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tsptalk said:
There is a heavy weight battle going on in the Transports between the 50 and 200-day EMAs.

102715a.gif
Click to expand...

Agreed, that is a very large retracement of the previous upwave...
 
Sideways market... been that way nearly all year...

I think we are heading down soon, but it could take months for the institutions to decide WHEN to do it...
 
tsptalk said:
Apple reports after the close. Any bets?
Click to expand...

If my buying trend matches the rest of the world they are selling lots of product. I just bought 3 new iPhone 6 s phones. A mac mini recently and just bought the new apple tv.

How that translates to the stock i don't know.
 
clester said:
If my buying trend matches the rest of the world they are selling lots of product. I just bought 3 new iPhone 6 s phones. A mac mini recently and just bought the new apple tv.

How that translates to the stock i don't know.
Click to expand...

Beat on earnings, but who knows what the stock price will do... If traders (read, institutions) had higher expectations, then maybe down...
Like I said, who knows...


Sent from my (Daughter forcing me to use an) iPhone using Tapatalk...
 
The small caps are on fire this morning and the Dow Completion Index (S-fund) is back flirting again with the 50-day EMA and the neckline of the inverted H&S.

102815a.gif


The Transports are down again, but only slightly.
 
The jobs report was strong, stocks seeing good news as bad as far as interest rates go, or this is an excuse to take profits?

Oil is down, as is gold, on a strong bounce in the dollar, which should also have the I-fund lagging today if things don't reverse.
 
Folks are still buying the dip, you never know how today will shake out. Days like this remind me why I am not a big fan of being "all in" on the F Fund.

tsptalk said:
The jobs report was strong, stocks seeing good news as bad as far as interest rates go, or this is an excuse to take profits?

Oil is down, as is gold, on a strong bounce in the dollar, which should also have the I-fund lagging today if things don't reverse.
Click to expand...
 
As successful as the rally off the lows has been, particularly for the Dow, S&P, and Nasdaq, the Tranports and small caps (Russell 2000) can't seem to get out of their own way.

111215a.gif
 
The S&P hasn't been the issue and is closing in on some potential support, but as the last post shows, there are big issues with the small caps and transports... and oil.

111615a.gif
 
The SPY has actually held above its 200-day EMA, but the S&P 500 index itself is trading below both the 50 and 200-day EMAs. A close back above them would be a nice technical boost and and perhaps that small open gap can get filled. But it must recapture those EMAs first.

111615b.gif
 
The buying has been relentless for the last 6 hours, and I'll be interested to see what kind of final trading volume numbers we we get. The more, the merrier. Low volume would be more suspect. One very small gap has been filled, and there is another at 207.66, above the short-term descending resistance line. Also, a close above Friday's high would be a positive outside reversal day.

111615c.gif
 
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