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tsptalk's Market Talk
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James48843
Well-known member
VIX at 20.50 and climbing. Shot up over 27% today.
https://stockcharts.com/h-sc/ui?s=$VIX
DOW down 537 points now- thats off more than 2% today.
https://stockcharts.com/h-sc/ui?s=$VIX
DOW down 537 points now- thats off more than 2% today.
Looks like it... and that gap is now in the neighborhood of the 200-day EMA so it may be looking to kill two birds with one stone, Good call, quabit!
James48843
Well-known member
Ouch.
wavecoder
Active member
I've been noticing the IWM broke down a few days before the crap hit the fan with the S&P. Buy this dip or wait it out?
Fear & Greed index dipped below 20 (at 8 right now https://money.cnn.com/data/fear-and-greed/), usually looking to buy when that happens. But the small caps look like they literally fell off a cliff which makes me wonder if this is a normal pullback or something worse. In any case, keeping my eye on IWM and QQQ, finger on the buy trigger
Fear & Greed index dipped below 20 (at 8 right now https://money.cnn.com/data/fear-and-greed/), usually looking to buy when that happens. But the small caps look like they literally fell off a cliff which makes me wonder if this is a normal pullback or something worse. In any case, keeping my eye on IWM and QQQ, finger on the buy trigger
marunionsing
New member
Same here sniper. Is this bottom? Not sure what will convince me..
RealMoneyIssues
Well-known member
A drop like this with no apparent cause... Things that make you go, Hmmm...
Get ready for another rock and roll day! The futures are down because of fair value (negative implied open) but they've been moving wildly overnight.
Gold is up $20 so far today, which makes things interesting. Their futures are holding resistance in the $1220 area. A breakout would be interesting.
Gold is up $20 so far today, which makes things interesting. Their futures are holding resistance in the $1220 area. A breakout would be interesting.
In Thursday's commentary I mentioned gold not rallying yesterday when stocks were selling off, utilities were down, and bonds were flat to down. Those are not signs of bearish investors. The problem is, today gold is up big, bonds are up. Utilities are down again but 2 out of 3 is a sign that investors are looking elsewhere today.
Perhaps it's just a delayed reaction to COB mutual fund and pension orders yesterday?
Perhaps it's just a delayed reaction to COB mutual fund and pension orders yesterday?
Follow up to quabit's post:
The gap on the S&P has not filled yet. Wouldn't surprise me to see it happen today. Test that 200-day EMA while you're at it, S&P!
The gap on the S&P has not filled yet. Wouldn't surprise me to see it happen today. Test that 200-day EMA while you're at it, S&P!
wavecoder
Active member
I was curious about the cause of yesterday's drop, and saw a couple of youtube videos about October 10th (posted on Oct 2 or earlier) where conspiracy theorists said the market would crash because of the 'great reset' where the fed pretty much kills the dollar, and bitcoin becomes the world currency lol. I figure if there's enough stock traders / investors (or a couple really wealthy ones) wearing tinfoil hats, perhaps that could have caused enough of a ripple for a quick selloff?
wavecoder
Active member
I think it's yields. Bitcoin is actually getting slammed today, but the pop in gold today (+ $32 and at 2 month high) is interesting, however. And the dollar is down, but not sure about the 'reset'. I've heard the theories too.
Wonder if that talk was a pump and dump by bitcoin holders haha, conspiracy theorists would be an easy target since they're so gullible.
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