tsptalk's Market Talk

[tsptalk]

Looks like you and I both posted that.

Oops. Sorry I missed that post.

 

[tsptalk]

Overhead gap filled on 10-year yield, and right back down...

 

[tsptalk]

A couple of red flags today, despite the strong performance in stocks: The High Yield Bonds are down, and the VIX is up after a big reversal this morning. There's still a couple of hours to change that, but just a midday observation.

 

[tsptalk]

There goes the dollar again.... :Flush:

Yields are popping higher, but so far only enough to fill an open gap.

 

[Bullitt]

Dollar falling may have a silver lining in that other countries will buy American stuff. A weak dollar may actually help us bring jobs back sooner.

On the other hand, as you always say Tom, beware sell the news events. Will the latest unemployment 'deal' be a sell the news event (stocks down, dollar up)?

 

[quabit]

Dollar falling may have a silver lining in that other countries will buy American stuff. A weak dollar may actually help us bring jobs back sooner.

On the other hand, as you always say Tom, beware sell the news events. Will the latest unemployment 'deal' be a sell the news event (stocks down, dollar up)?

I suppose it could also keep folks from trying to come here for work since they would make more in their own countries. Loosing jobs to overseas problem solved, immigration problem solved all at the same time.

 

[tsptalk]

The futures are down moderately - S&P down 11 points, Russell - 9. I wonder if someone is getting an overnight preview of the jobs report? :bandit: :27:

 

[James48843]

I think it’s a preview because the stimulus deal is falling apart. They aren’t even close, and everybody is going to leave town tomorrow. That means nothing being done for a while, and no new stimulus help.

It’s time for the market to pause a little anyway.


Sent from my iPhone using TSP Talk Forums

 

[tsptalk]

After taking a break on Thursday, it looks like it's the Russell 2000's turn to rally today.

The S-fund (below) is up too, but acting a little less perky.

 

[tsptalk]

Wow, another huge day for small caps (Russell 2000) and another "OK" day for the S-fund. The big divergence continues here.

 

[tsptalk]

Hmmm. What exactly is going on here? This isn't just about the dollar. Is this the Robinhood crowd running a muck again?

 

[tsptalk]

Hmmm. What exactly is going on here?

Reply to thread 'Valkyrie's Account Talk' --
https://www.tsptalk.com/mb/members-account-talk/7403-valkyries-account-talk-20.html#post643546

 

[James48843]

I'm thinking this flight to precious metals meas somebody thinks there is a bog decline ahead, and they are the ones driving up the price.

Good thing I got all those Silver coins stamped "BUY LOW SELL HIGH" back when silver was $17 an ounce, no?

.

 

[tsptalk]

Good thing I got all those Silver coins stamped "BUY LOW SELL HIGH" back when silver was $17 an ounce, no? .

I just looked it up. We got them when silver was $15.92 but we also paid an extra $4 a coin for design, set up, shipping, etc. It sure took awhile for it to get over that $19.92 cost though, huh? That was 5.5 years ago.

https://www.tsptalk.com/mb/site-new...k-silver-coins-rounds-part-ii.html#post486086

View attachment 32149View attachment 32147

 

[Valkyrie]

I'm thinking this flight to precious metals meas somebody thinks there is a bog decline ahead, and they are the ones driving up the price.

Good thing I got all those Silver coins stamped "BUY LOW SELL HIGH" back when silver was $17 an ounce, no?

.

was buying silver when it was in the $4-5 range. gold in the $300-400 range. platinum $400. yea that long ago.

my local coin dealer guy, an ex-green beret and was highly involved in the phoenix program, always used this place and also told me to use them.
https://www.gainesvillecoins.com/

 

[tsptalk]

Looks like Tuesday will start out with the same theme we've have been seeing: Small caps futures are up big, Nasdaq 100 futures are down moderately, S&P 500 futures are up solidly.

 

[weatherweenie]

Pop and drop?

Looks like Tuesday will start out with the same theme we've have been seeing: Small caps futures are up big, Nasdaq 100 futures are down moderately, S&P 500 futures are up solidly.

 

[tsptalk]

Pop and drop?

So far. The dip buyers are getting coffee right now.

I see bonds and the metals are getting hit hard today as yields rise...

 

[tsptalk]

The S&P 500 has come within 15-points of a new high this morning. As I mentioned in today's commentary...

... it's getting close to the 2020 high made in mid-February. A double top pullback at that point seems extremely obvious. I can hear the cries of "get me out, I'm even!" But it may be so obvious and expected, that the market could make those folks regret selling. I have no idea, but that's the psychology of hitting that February high which, just 1% away, could happen any day now.

 

[tsptalk]

The Transports are flying again today, but they hit the February peak and paused. This index actually peaked in January, not February like the other indices, proving that it is still a market leader.