tsptalk's Market Talk

Monthly charts and Monday starts a new bar for March.

Second chart is a logarithmic scale.

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I concur!!! I believe this corona crap is going to blow over in two weeks. I also believe the market is going to come back with a vengeance....and when it does,,i'll be there! I have 10 years to recover. Amen.

ps. I am split between C & S, 50/50, same with allocations. My TSP bal. goes up about $30k/year. Just sayin...
 
Looks like a previous high in the 950 range, lowest low around 790, for a loss of ~17%. For comparison, right now we are down ~12% (2978 from 3393).

90 days later they were in the 1020 range for a ~29% gain.

Great find Tom!

Now down about 15% from our ATHs.
 
Q) How have stocks done over the last two years?

A) Pretty flat :)


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A good reason to reconsider buy and holding, which up until this big drop I was thinking about. Not so much anymore . Thanks for keeping my money safe Tom!

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A good reason to reconsider buy and holding, which up until this big drop I was thinking about. Not so much anymore . Thanks for keeping my money safe Tom!

I think we saw a lot of market timers throw there hands up over the last year or so and capitulate to buy and hold side. You're right... Every once in a while we get reminded why it's a dangerous strategy.
 
Conventional wisdom would expect selling into the close today because of the weekend. I always think the market likes to do the opposite of what everyone expects, but fear is so high, it would take some bravery to buy into today's close.

If the Fed cuts rates over the weekend we could see a big gap up on Monday, but that could also bring in more sell the rally folks, which could lead to the ultimate capitulation. I think we'd need more than a rate cut, and that's always a possibility.
 
Conventional wisdom would expect selling into the close today because of the weekend. I always think the market likes to do the opposite of what everyone expects, but fear is so high, it would take some bravery to buy into today's close.

If the Fed cuts rates over the weekend we could see a big gap up on Monday, but that could also bring in more sell the rally folks, which could lead to the ultimate capitulation. I think we'd need more than a rate cut, and that's always a possibility.

I'd like to catch about 5% - 6% of a couple of decent back-to-back relief rallies and then head back to (G) or (F). Perhaps those will come on Mon & Tues?

Now, if they do come on M&T, and I IFT to (G) or (F) effective Wednesday, that just means that the rally will continue past Tuesday. Remember that. :wink:
 
FYI, the futures kept going higher after the close and the S&P wiped out most of its 24-point loss for the day. Of course come Monday morning is a long way away and it may mean nothing with the VIX so high and the indices moving widely. But for any of you in stocks, it was a positive for stocks heading into the weekend.

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Keeping an eye on the Dow Transports. It didn't confirm Jan/Feb main indices run-up, and it looks to be signaling where things will end up today. If we close with an outside day down, i imagine it will be pretty ugly in the S&P, DWCPF, EFA. Also, that Chinese PMI number is a sobering indication of how this virus can slow down an economy.
 
I'm not the biggest fan of the Donald, but since he's taken over, my trading account has gone up by almost 400% lol. 4 more years? ;) Though tax season has become brutal, maybe the next thing to do is learn about tax loopholes lol
 
I LOVE the "Donald".... I have a Donald pillow I hug every night before I go to bed!!! :banana: I wake each morning thinking, what will our great President tweet, say and do today! :smlove2::notworthy: ...Ahhhhhh… so lucky to live in the Age of Trump. :D
 
OK, not the place for the love / hate Trump posts. :sucks:


I'll change the subject...

The indices hit some resistance near the day's highs. What do you think... Will the rally hold into the close?

If yes , < > +1000-points for the Dow?

If no, will the Dow go negative?
 
Sorry haha. I think it'll hold, the reversal last friday had YUGE volume (totally eclipsed the trading day before it, which i thought was already ridiculous volume). I think the downside got exhausted and big money happily scooped up the discounted shares. Up we go *snort*

With that said we are still in a volatile market setting but I think the overall trend is back up. It was a nice little crash but not 'the big one', I would be really surprised if that happened during an election year.

OK, not the place for the love / hate Trump posts. :sucks:


I'll change the subject...

The indices hit some resistance near the day's highs. What do you think... Will the rally hold into the close?

If yes , < > +1000-points for the Dow?

If no, will the Dow go negative?
 
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