tsptalk's Market Talk

[tsptalk]

Gap #2 was trying to get filled this morning on small caps chart...

And gap #1 was about 1/2 filled this morning on the S&P.

 

[tsptalk]

The gap is filled on the High Yield Corporate Bond Fund.

 

[tsptalk]

The Transports have moved back toward the bottom of its flag and below the 50-day EMA. It may need to hold on here or risk a breakdown -- which it what bear flags tend to do.

 

[tsptalk]

Rats! I just noticed that Monday's public commentary page wasn't uploaded yet. ;swear

It was posted on the blog page, but sorry for the mishap. It should have been uploaded last night. Here it is...

TSP Talk - Market Commentary

 

[tsptalk]

Market’s ‘Fear Gauge’ Nears 1993 Low

Low reading indicates investor comfort with current market but also raises questions about index’s reliability

https://www.wsj.com/articles/markets-fear-gauge-nears-1993-low-1494263976

 

[tsptalk]

The Trannies are bouncing back nicely today, but remain in that small (and large) bear flag.

 

[tsptalk]

A tale of two leaders...

The small caps are rising to the top of their bear flag, but still in a bear flag, but keeping the case alive for a possible "V" bottom low.

The Transports however, are breaking down from their bear flag.

 

[tsptalk]

Smalls caps trying to recover from a bear flag breakdown...

The Transports are also down sharply but trying to crawl back toward the flag....

 

[tsptalk]

Bonds are jumping today - breaking the downtrend in the AGG with the gap open. That 50-day EMA held well.

 

[tsptalk]

The early action has the large caps doing well again and the S&P is poking its head back into new high territory to start the day.

The market leaders, small caps and Transports, which have been lagging lately, are popping too this morning, but they are right back in the bear flags and have some work to do...

 

[tsptalk]

The early action shows the bear flag breakdowns in the Transports and small caps. We've seen a lot of buying the dips in recent weeks, so let's see where it closes before calling these official breakdowns.

 

[law87]

The early action shows the bear flag breakdowns in the Transports and small caps. We've seen a lot of buying the dips in recent weeks, so let's see where it closes before calling these official breakdowns.

wasnttheretwogaps?

 

[tsptalk]

wasnt there two gaps?

Two of the three open gaps on the S&P got filled (red) so far this morning, opening another gap overhead. That leaves one open gap above and one below (blue). Both are pretty good sized gaps.

The small caps and Transports also opened gaps this morning but they didn't have any open gaps coming into today.

 

[law87]

Two of the three open gaps on the S&P got filled (red) so far this morning, opening another gap overhead. That leaves one open gap above and one below (blue). Both are pretty good sized gaps.

The small caps and Transports also opened gaps this morning but they didn't have any open gaps coming into today.

I been waiting the whole month for that blue one to fill...but memorial day coming up looks like it won't be fill till June:/

 

[law87]

I been waiting the whole month for that blue one to fill...but memorial day coming up looks like it won't be fill till June:/

Spoke too soon....glad I jumped in today

 

[tsptalk]

Filled! All 3 today....

 

[FireWeatherMet]

Not a good sign that the S Fund (like other indices) closed at the lows of the day. :worried:
Institutions/Fund Managers starting to jump ship?

 

[FireWeatherMet]

What do you think Tom?

 

[rktect1]

What do you think Tom?

I would like him to think this one over real hard. I am just dying to get in and want good clear information and thoughts here.

 

[law87]

since it is filled, gonna say we drift up from here, into the holidays maybe even beyond.