tsptalk's Market Talk

[tsptalk]

The S&P blasted up at the open but hit a wall this morning at the 20/50-day EMAs.

 

[Lakebound]

Janet Yellen opened her yap again.

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[tsptalk]

100-day EMA trying to hold. Only 3 closes below it since March - the Bexit sell-off.

 

[tsptalk]

The 50-day EMA getting tested again this morning, after the 100-day EMA held again...

 

[tsptalk]

Here's the challenge this afternoon. The 50-day EMA has held again this morning. There is room above if that can somehow get taken out, and that small open gap may be the lure. 216 will be a tough nut to crack.

 

[tsptalk]

Test

 

[tsptalk]

The SPY seems to be tidying up and filling its open gap, although it had to dip below the 50-day EMA to do so.

The small caps however, are remaining below the 50-day EMA and it is now flirting with the bottom of its bear flag.

 

[tsptalk]

Knocking on the 50-day EMA door again...

 

[tsptalk]

A nice reversal on the Trannies, but not before it fell below the 50-day EMA, and it's now trying to crawl back above it. There's an open gap there for the taking, but this is a breakdown until it can recapture the 50-day EMA. There are a couple other levels of support below but this is a yellow flag here.

 

[tsptalk]

A couple of developments. The Transportation Index is testing overhead resistance yet again, midday today...

The HYG Corporate Bond fund is looking a little shaky haven fallen below 3 levels of support...

 

[tsptalk]

Try to hold onto the 100-day EMA. Only 4 closes below it since early March.

 

[tsptalk]

With the onslaught of negative headlines recently directed toward the Clinton campaign, it looks like the market is trying to price in a possible Trump victory, something it has mostly dismissed because of Clinton's lead in the polls. The possibility is now showing with some technical damage being done to a few charts.

CNBC: http://www.cnbc.com/2016/10/31/this-stock-market-metric-says-the-likely-winner-istrump.html


THIS THREAD IS FOR HOW THE ELECTION MAY IMPACT THE MARKETS, NOT FOR POLITICAL DISCUSSIONS. WE HAVE POLITICAL THREADS FOR THAT. THANKS.

 

[Lakebound]

Well I think this latest nonsense has solidified my opinion that I'm taking my money completely out of TSP next year.

I'm totally sick and tired of putting up with being trapped with 2 moves and a noon deadline.

Just need to find a barf bag and a time to get the hell out of the market.

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[tsptalk]

Just need to find a barf bag and a time to get the hell out of the market.

Barfing is actually a pretty bullish sign. uke:

 

[Lakebound]

Barfing is actually a pretty bullish sign. uke:

Headed to the loo to purge! Gotta take one for the team !

Frank

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[userque]

FOMC announcement today.

 

[Lakebound]

Let's hope we all get a bump upwards.

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[tsptalk]

Any move by the Fed would be a big surprise at this meeting. No economic projections summary or press conference scheduled.

 

[shitepoke]

Tom-
what did the Fed say if anything to move the market ??

 

[tsptalk]

December rate hike probability trading at nearly 70%

The Federal Reserve remains on track to hike rates in December, even though it held back Wednesday from making a strong pronouncement about the time frame.

http://www.cnbc.com/2016/11/02/the-...l-with-an-interest-rate-hike-in-december.html