tsptalk's Market Talk

[tsptalk]

The 10-year Treasury yield filled one of February's gaps on Monday. Today it seems to have an eye on the other one.

 

[tsptalk]

Heads up for Fed Chair Powell speaking this week (Friday)

https://www.forexlive.com/centralba...air-powell-speaking-this-week-friday-20190102

Think he will be very careful in his choice of words?

 

[tsptalk]

I talked about this in our TSP Talk Plus Report this morning

, the positive divergence in the High Yield Bonds yesterday. They were up despite the big losses in stocks.

Now today.... boom! But that 50-day EMA has been trouble of late.

 

[tsptalk]

Another big day for the credit market. The HYG pushed above the 200-day EMA this morning, but now it's testing the descending resistance line...

 

[tsptalk]

How about that credit market - HYG. I know I'm dwelling on this, but this may be what has helped stocks hold this rally. It's overbought in the short term and just filled an old open gap near 84, and now all of the open gaps are down below. Further upside would be impressive, but I think it gets tougher up here.

 

[wavecoder]

Wow, that's quite a rally lol. Just from the first glance, it doesn't look sustainable, but who knows :nuts:

 

[tsptalk]

The 50-day EMA on both the Russell and the EFA are in play big time. The EFA is trying to stay above after a breakout earlier in the week, while the Russell is trying to get above it.

 

[tsptalk]

The VIX dipped below the 200-day EMA for the first times in months this morning.

 

[RealMoneyIssues]

The VIX dipped below the 200-day EMA for the first times in months this morning.

Hmmm... might consider an entry if it bounces back above

Sent from my SM-G965U using Tapatalk

 

[tsptalk]

The correlation between oil and the S&P continues. On Friday oil broke above the 50-day EMA. This morning it fell back below it sitting near $52.00.

 

[tsptalk]

This isn't a good sign for stocks -- the Transports are falling back below their 50-day EMA.

 

[tsptalk]

The transports and small caps are outperforming today, but it's the semiconductors that are really leading today and keeping the S&P afloat. The SOX is up testing the 200-day EMA so clearly this is an interesting area -- for maybe the whole market.

 

[exnavyew]

Chip stocks rally for rare one-day 5% gain on strong earnings reports​

https://www.marketwatch.com/story/chip-stocks-on-track-for-best-day-in-a-decade-on-strong-earnings-reports-2019-01-24?mod=newsviewer_click

Won't paste a live link, sorry. :worried:

 

[exnavyew]

Chip stocks retreat after Intel earnings disappoint​

[FONT=Verdana,Arial,Tahoma,Calibri,Geneva,sans-serif]https://www.marketwatch.com/story/chip-stocks-retreat-after-intel-earnings-disappoint-2019-01-24?mod=newsviewer_click


[/FONT]What goes up must come down? :worried:

 

[tsptalk]

Chip stocks retreat after Intel earnings disappoint​

https://www.marketwatch.com/story/chip-stocks-retreat-after-intel-earnings-disappoint-2019-01-24?mod=newsviewer_click


What goes up must come down? :worried:

 

[tsptalk]

The Transports are holding up pretty well and clinging above the 50-day EMA.

 

[tsptalk]

Gap filled and pushing resistance, although the 200-day EMA is still 36 points overhead.

 

[wavecoder]

That IWM spike tho!

 

[tsptalk]

First meaningful pullback for the financials from the 200-day EMA after banging on it for a couple of weeks.

 

[bmneveu]

Starting to roll over, or fake out before the next leg up?