tsptalk's Market Talk

As dismal as the action has been, the Transports are actually trying to break out of a nice cup and handle formation...

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Obviously the TSP'ers only care about the S&P, small caps, and EAFE, but the Dow Transportation Index is the economically sensitive leader of the stock market normally. It was the one lagging for the last couple of years and now we see the S&P catching up to that weakness. How far behind the followers are however... ??? Plus we need to see it move above the recent highs, but the C&H breakout looks promising.
 
Thar she blows! Should be a fun last hour of trading. The bears are making their move... will the bulls have anything in the tank to fight back?
 
Here's an updated one. Not sure what happened to that first one.

The bad news - it couldn't hold most of the early gains. The good news, it closed above the handle of the C&H formation.

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After all that work by the Transports to breakout, they are down almost 2% this morning. It's still above the breakout area, but not a lot of follow-through here yet.

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The futures are flopping up and down like a surfaced fish on the end of a line. 25-point S&P 500 futures swings from high to low since the polls started closing.

Down 12 right now.
 
It's now a 56-point S&P trading spread with 2152 as the high, 2095 the low, and currently 2104, down 30-points.
 
the money is always made on the margin, on that friction between the expected and inside info versus the unknown. when you see a shot you bet it hard and cash it in. this is really awkward, that the "investments" big money has made may not pay off.

i actually doubt the upset can be pulled off, when big money is aligned then money is aligned, but there are some skeered folks out there. this is the rub, where the fish bite. so when the fish bite you harvest them. but until you pull that net on deck full up, you are still broke.

the market hates uncertainty, that's why the big money market pays big money at $250k per speech, to lock it up, to be certain. this is interesting, but ultimately a fail. there is always money to be made though. buckle up.

S&P futures down 100! Dow -700.

Trump is doing well, but I don't know. No swing states called yet.
 
Tom, what were the poll results for what the market will do on wednesday? It seemed to be overly bullish when I saw it
 
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