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tsptalk's Market Talk
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James48843
Well-known member
I am starting to believe that the Stock Market this month is very much like a classic James Bond Vodka Martini-
"Shaken, not stirred".
"Shaken, not stirred".
Yup, I wonder how long we'll be looking over our shoulders at that one? This could be the start of the 4th quarter rally - or we could get another headline / tweet that reverses everything. :dunno:
I'm curious if trading volume is up on this.
A little break in the recent rising trend (in the S&P anyway, but below 50-EMA in S-fund). Is the open gap finally going to be addressed?
This added midday sell-off has to do with Boeing, which is a major Dow component, but obviously not as big of a factor in the small caps or S&P for that matter, so it may be overdone this morning. Still investors are using it for an opportunity to sell, and technicians may be hoping it's a chance to get that gap filled. But they may want to be quick because news like this can be fleeting on the downside.
This added midday sell-off has to do with Boeing, which is a major Dow component, but obviously not as big of a factor in the small caps or S&P for that matter, so it may be overdone this morning. Still investors are using it for an opportunity to sell, and technicians may be hoping it's a chance to get that gap filled. But they may want to be quick because news like this can be fleeting on the downside.
The Transports are having another good day so far, and filled another open gap just below the September highs. The bad news is that the only gap left open on this chart is now down near 10,200. There was a similar gap in September that was filled about 4 weeks later. The question is whether this one has to get filled. Normally yes, although it doesn't necessarily have to make beeline right there. A failed breakout above 10,800 would probably bring it on.
Hmmm, bonds and gold (the safety trades) are up again, yet stocks refuse to fall. There's still some overhead resistance in these, but they are being pushed to the limits.
As I mentioned in today's commentary, I think something is going to have to give. Bonds, gold and stocks are all trying to rally together the last couple of days, and I'm no so sure they can or will all do that.
As I mentioned in today's commentary, I think something is going to have to give. Bonds, gold and stocks are all trying to rally together the last couple of days, and I'm no so sure they can or will all do that.
DreamboatAnnie
Well-known member
Definitely Agree …..Somethings gotta give! 
eeeeekkk.
Thank you for pointing this out Tom!
eeeeekkk.Thank you for pointing this out Tom!
Financials are making a new high... now S&P on the brink... The close matters, though.
There's a lot of positive technical things happening out there for stocks so I won't post the charts of the many breakouts in the indices and breakdown in bonds, but the Transports are a little concerning with it failing so far. If it closes above that red resistance line, that will be a small victory, but the bulls do not want to see this close below it. It's close right now.
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