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Another tariff tantrum after Trump tweets US adding more tariffs on China...

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The 50-day EMA gets tested for a second time...

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What's that saying "Don't fight the Fed" Guess that depends on who you are.
 
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A little bit of panic regarding the 10-year yield moving down near 1.6%. CNBC is talking about it going negative like Germany.

The S&P meanwhile is trying to hold the 200-day EMA again, and it initially got a pretty good move back above it. It's very early in the trading day, but that looks to be the key today.

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2-year vs. 10-year yield curve is now near 0.09. This chart only gets updated EOD so I added the move...

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We're seeing a nice intraday snap back rally today. But be careful. Yes, there are several "V" like lows on this chart, but in 2018, and there are many more examples before 2018, where it could go back and forth for a while frustrating both the bulls and the bears. Of course it's too early to call this either of those right now. I'm just pointing out that both are still possible. However they all seemed to be closer to a low than not.

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On a day of big reversals, the reversal in bonds moved this 2/10 yield curve back to close, not at 0.09 where it was earlier on Wednesday, but down just 0.01 to 0.12.

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2-year vs. 10-year yield curve is now near 0.09. This chart only gets updated EOD so I added the move...

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The gap is nearly filled. Of course the question is, what happens after it is filled? Resistance, or a test of the 50-day EMA?

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I'm thinking that was it, and we are going to solidfy here and start moving up again. Yes, there are a lot of disturbances in "the force", but overall I think we are ok.

Well, I lost about 50K on paper in the last two weeks, so I am thinking positive again for most of it to come back. That's my plan, anyway. :-)
 
I'm thinking that was it, and we are going to solidfy here and start moving up again. Yes, there are a lot of disturbances in "the force", but overall I think we are ok.

Well, I lost about 50K on paper in the last two weeks, so I am thinking positive again for most of it to come back. That's my plan, anyway. :-)

Ah heck, 50K ... no biggie, that's only $133/month drawing at a rate of 4% out of your TSP per year for 25 years!

:eek: (ps - we need a sarcasm smiley).
 
There's a big gap above and below the dollar ETF chart UUP, yet it has been pinned between the two for over a week now. Interesting. I think a big move is coming, one way or the other.

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As if on queue, we have another Turnaround Tuesday. How much is a 10 week delay in "some" tariffs worth to stocks? Apparently this much so far.

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The 50-day EMA is being tested again as the losses from the last two days have been recovered in another headline driven move.

FOMO (fear of missing out) buying has so far outweighed the thought of selling the rally. We'll see if it holds into the close, but so far it hasn't wavered.
 
Another day, another flip flop. Yesterday there were high 5's going around for the delayed tariffs. The yield curve was nearly inverted, as we have been boring you with for a while now, but today it briefly flashed to the inverted side apparently (although as I write this the 2/10 yield is not still inverted) and investors react now? Were they thinking it wasn't going to invert after flirting with it over and over?

Markets are funny and can certainly try to get you to lean the wrong day. But I suppose the way things are going lately, if you don't like what you see happening on a given day, just wait a day and everything may change. :pat:
 
The dip buyers keep trying this morning, but the rally sellers have been right there to swat it back down each time.

90 minutes to see who will win today's battle.

#buythedips

#selltherips
 
Nice open, and it's early, but two uh, oh's.

A big gap opened above 2900, which makes 2 open gaps, and the 50-day EMA held at the high.

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Bond yields are down today and the pattern is that stocks follow suit, but that credit market continues to be resilient, and stocks probably should hold up as long as this chart does. 86 looks to be the key level.

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The swings continue and this morning the S&P is still struggling to overtake that 50-day EMA (a sixth try) while the small cap chart is just slightly poking its head above the 200-day EMA...

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