tsptalk's Market Talk

[tsptalk]

Very bullish.

[TABLE="width: 379"]
[TR]
[TD="colspan: 4"]After a choppy start, the S&P is about flat this month. I believe the S&P will end November with...[/TD]
[/TR]
[TR]
[TD][/TD]
[TD]Ratio[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Big gains[/TD]
[TD]32%[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Small to modest gains[/TD]
[TD]32%[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Flat[/TD]
[TD]13%[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Small to modest losses[/TD]
[TD]13%[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Big losses[/TD]
[TD="align: left"]

9%

[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[/TABLE]

 

[k0nkuzh0n]

hadn't throught about it until tonight, but there was likely money to be made in the marijuana sector tonight.

Looks like MASS will pass recreational use. Nevada and Cali too early to tell.

 

[tsptalk]

Gold is up $60 an ounce on the election fallout.

 

[k0nkuzh0n]

looks like republicans have won majority in the house. 221 right now (only 218 needed)

 

[burrocrat]

so tomorrow should i go buy some gold? and then some weed?

or should i buy the weed first so that the gold looks, whoa, so shiny dude?

 

[FireWeatherMet]

so tomorrow should i go buy some gold? and then some weed?

or should i buy the weed first so that the gold looks, whoa, so shiny dude?

You should do both my friend.

You should sell all your stock positions in TSP and transfer as much as possible into Gold.

You should then buy as much weed as possible with the $$ you have left to forget the biggest market crash since the dark days of late 2008.

 

[tsptalk]

The action of the last 12+ hours has been extraordinary. The S&P futures were down about 110-points before rallying back to nearly break-even this morning. He's the daily chart of the futures where the open gap, same area that we have been watching on the SPY, got filled here.

This chart of the SPY says the gap was filled already this morning (since the market opened at 9:30 AM ET), but the low of the day so far is 212.34 so I don't know what it's looking at.

 

[tsptalk]

I still don't see how the lower gap was officially filled with the day's low being 212.34, but now the one overhead gap from October has finally been filled...

 

[pmaloney]

Hopefully it isn't a near future GAP! :smile:

 

[jonfresno]

Whoa Nellie, wha happa ta bonds??? Down almost 1%.

 

[weatherweenie]

Check out TLT. Down over 4%

Whoa Nellie, wha happa ta bonds??? Down almost 1%.

 

[tsptalk]

Lots of volatility this morning, particularly in the Tech sector where names like Amazon are getting pummeled. The QQQ actually filled the FBI gap a little while ago.

The Dow is holding up and still very positive right now, because bank stocks continue to do well.

 

[alevin]

Nasty-looking red candle there, friends. $spx daily.

 

[tsptalk]

Weird day.

Dow +0.85%
Nasdaq -1.15%
S&P +0.02%
small caps (dwcpf) +0.48%
EFA -0.54%

 

[tsptalk]

A tale of two markets, the Transports are flying and the Nasdaq 100 is dying...

 

[tsptalk]

Today seems to be a minor Turnaround Tuesday. The indices that were strong over the last week, are dipping (financials, small caps , transports), and the ones that were lagging are bouncing (big tech).

 

[tsptalk]

Hello Dolly! The dollar (UUP) is breaking out of a huge bull flag (weekly chart)...

It could mean more head winds for the I-fund in the intermediate term.

 

[wavecoder]

How likely is a December rate hike? And what effect would that have on the dollar, if any?

 

[tsptalk]

I think they are saying it's nearly 100%. The dollar has been rising because of that, but perhaps we'll see a short-term sell the news reaction for the $$, but it depends on what the Fed says about future hikes in the meeting.

 

[wavecoder]

I think they are saying it's nearly 100%. The dollar has been rising because of that, but perhaps we'll see a short-term sell the news reaction for the $$, but it depends on what the Fed says about future hikes in the meeting.

True, but I wonder if it's going to be a 'sell the news' type of reaction, and the price activity in the dollar is going to be the opposite of what everybody expects. I guess that's the million dollar question though