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tsptalk's Market Talk
- Thread starter tsptalk
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Futures gap up after French election relief...
http://www.tsptalk.com/mb/news-and-...-despite-headlines-post576707.html#post576707
http://www.tsptalk.com/mb/news-and-...-despite-headlines-post576707.html#post576707
Here's a couple of interesting charts today...
The Nasdaq has made a new all-time high.
The Transports broke out above the 50-day EMA, which was key, but there may be some resistance at the top of this parallel trading channel, which could also turn out to be a big bear flag. This chart may be key for this breakout to continue to the upside in the market in general.
The Nasdaq has made a new all-time high.
The Transports broke out above the 50-day EMA, which was key, but there may be some resistance at the top of this parallel trading channel, which could also turn out to be a big bear flag. This chart may be key for this breakout to continue to the upside in the market in general.
Tom...how do the two charts look an hour later...did they break through the key resistance...
Still below the resistance on the Transports, but that is to be expected on the first push. This was a big, important move above the 50-day EMA. The question is whether it can breakout above that flag or whether it needs to fill that gap first.
The Nasdaq is above resistance and doing fine.
Busy week this week ending with the budget deadline / possible gov't shutdown.
The Nasdaq is above resistance and doing fine.
Busy week this week ending with the budget deadline / possible gov't shutdown.
Lakebound
Member
So, are we looking at another Sell in May and go away Tom?Still below the resistance on the Transports, but that is to be expected on the first push. This was a big, important move above the 50-day EMA. The question is whether it can breakout above that flag or whether it needs to fill that gap first.
The Nasdaq is above resistance and doing fine.
Busy week this week ending with the budget deadline / possible gov't shutdown.
What are your thoughts?
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As a general rule, that tends to work, but year by year it may or may not. For example last year if you sold at the end of April, you would have missed some volatile periods over the summer for sure, but at the end of the 6 months, the S&P was actually higher.
Lakebound
Member
And let's not forget the Trump Factor as well as the Brexit and French elections too.As a general rule, that tends to work, but year by year it may or may not. For example last year if you sold at the end of April, you would have missed some volatile periods over the summer for sure, but at the end of the 6 months, the S&P was actually higher.
Interesting times ahead.
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The Russell 2000 is leading today after the proposed tax cuts to small businesses..
Trump proposes dramatic tax cuts for companies big and small
I don't see any evidence of this in the betting sites, but the headlines in the UK say that Le Pen is gaining ground on Macron in the French Election polls, which is being held next Sunday. Predictit.com still has Macon with an 84% chance of winning.
Macron PLUMMETS in the polls as Marine Le Pen enjoys boost a WEEK AWAY from election vote
"EMMANUEL Macron’s lead over Marine Le Pen has taken a heavy hit as France prepares to vote in the final round of the election on Sunday."
Marine Le Pen enjoys boost as Emmanuel Macron plummets in the polls | World | News | Express.co.uk
Macron PLUMMETS in the polls as Marine Le Pen enjoys boost a WEEK AWAY from election vote
"EMMANUEL Macron’s lead over Marine Le Pen has taken a heavy hit as France prepares to vote in the final round of the election on Sunday."
Marine Le Pen enjoys boost as Emmanuel Macron plummets in the polls | World | News | Express.co.uk
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