tsptalk's Market Talk

[tsptalk]

Suspicious late sell-off. Did someone get the word on the jobs report due out tomorrow? Hmmm.

 

[JTH]

Suspicious late sell-off. Did someone get the word on the jobs report due out tomorrow? Hmmm.

Tom, I can't prove it, but I think you're right that's exactly what it is. There's something wrong when the market is afraid to jump in long ahead of the jobs report.

 

[tsptalk]

It seems to happen almost every Thursday afternoon before a Friday jobs report - up or down.

 

[JTH]

It seems to happen almost every Thursday afternoon before a Friday jobs report - up or down.

Problem is, if the Job report is better than expected, it will be expensive for us TSP'ers to buy in.

But if the news is bad perhaps I'll IFT in at "for sale" prices

 

[Show-me]

Problem is, if the Job report is better than expected, it will be expensive for us TSP'ers to buy in.

But if the news is bad perhaps I'll IFT in at "for sale" prices

And, the jobs report is better than expected.

 

[Bullitt]

Looks like that reaction was just the robot traders shaking out the weak hands.

 

[JTH]

And, the jobs report is better than expected.

Peek-ah-boo

View attachment 7446

 

[tsptalk]

Looks like that reaction was just the robot traders shaking out the weak hands.

We should have known.

Luckily TSP'ers couldn't react to the late sell-off on Thursday.

 

[Bullitt]

Yeah really. I'm glad it didn't happen before the deadline because I'm rooting for the small guy in this game.

Shoot. Look at that POS stock Citigroup. It can bounce between 4.10-4.11 10 times a second and I'm not even watching it on a high speed platform. Sometimes it does over a couple million shares a second. What a joke.

 

[Frixxxx]

We should have known.

Luckily TSP'ers couldn't react to the late sell-off on Thursday.

Um, I wish I could have...I would have jumped in for this one.....

But, there are other ways to skin a cat!

 

[tsptalk]

The jobs report reversals are coming quicker and quicker. It used to be days, now it's hours.

I'm guessing the indices will close higher by the close (Dow down 18 right now), but losing a 1.5% to 2% intraday gain is not a great sign.

 

[Bullitt]

Jason Goepfert was saying this morning that: SPY gapped up on NFP day by +1% 10 times since '00. One week later, SPY was up only 1 time, avg return -2.1%

 

[JTH]

Jason Goepfert was saying this morning that: SPY gapped up on NFP day by +1% 10 times since '00. One week later, SPY was up only 1 time, avg return -2.1%

Thanks, that's valuable info!!!

 

[hessian]

Here's the TRANS, another perspective.
Note the bollingers, and Slo STO lookin about to flip -just FYI
VR
View attachment 7516

 

[tsptalk]

I see the problem there hessian. But I like the relative strength of the market leaders today - the trannies and the nasdaq. Trannies are down 0.16% (still above 4050) as of 2:45 PM ET, and the Naz is down 0.62%. Compare that to the Dow and S&P which are each down about 1.0%.

 

[Bullitt]

With all the bearishness on the small banks, I can't help but to notice a possible Reverse H&S pattern breakout today in the Regional Bank Index. Maybe it's legit, maybe it's not, but upside would be around 23.50 if it works. That target would challenge the previous August high.

View attachment 7677

 

[tsptalk]

That is a good sign, although it would be nice to see more volume on a breakout.

 

[tsptalk]

Breakout in Nasdaq...

 

[James48843]

Santa rally here?

View attachment 7683​

 

[tsptalk]

It's about time. Where ya been Santa?