tsptalk's Market Talk

[James48843]

Transports have no business bouncing back that good. It makes NO sense.
Have you seen what is happening to airlines?
Where is that strength coming from?

 

[Bane]

Welp, there went today's gains.

 

[Bullitt]

It's going to be hard to justify keeping things shut down with schools/colleges opening up. Anecdotally speaking here, my commute was busier today than the past many months.

Yields up, market down. Wonder if we're just seeing a move out of tech and into the "get outside and travel" stocks. BA, CCL and AMC up today along with $TRAN index.

 

[tsptalk]

Transports have no business bouncing back that good. It makes NO sense.
Have you seen what is happening to airlines?
Where is that strength coming from?

Avis, rails and trucking today...

https://finance.yahoo.com/quote/^DJT/components?p=^DJT

 

[tsptalk]

Weeks worth of gains in bonds are being erased this week.

 

[bmneveu]

NASDAQ is up 2% while the R2K is flat. Wow.

 

[tsptalk]

NASDAQ is up 2% while the R2K is flat. Wow.

The flip flopping continues. The S-fund is doing OK though, up 1% thanks to midcaps.

 

[TommyIV]

Stocks are too expensive again and bond indices haven't spent much time below their 20-day EMA in recent past. Added a little more F-fund exposure today.

Weeks worth of gains in bonds are being erased this week.

 

[tsptalk]

High Yield Corporate bonds have pulled back from their highs but so far the June high is holding. Treasury bonds may have peaked, but they probably won't die without a fight - maybe a move to fill the open gap, or at least back up to the 20-day EMA.

 

[tsptalk]

Another day, another divergence. Nasdaq 100 flying again, while the Equal Weighted S&P 500 struggles...

 

[tsptalk]

Stocks up, bonds up, metals up, oil up. The dollar must be falling again.

Yup...

 

[bmneveu]

Stocks up, bonds up, metals up, oil up

Crypto up

 

[tsptalk]

Gap down for dollar. Prices for almost everything are on the rise. Inflation problems coming?

 

[tsptalk]

The financials just can't get it going with rates / yields so low. There's something very scary about this chart, which looks like a giant bear flag with a head and shoulders pattern in the flag. It's trying to get over the 200-day EMA, but struggling to stay there.

I don't know if it will take the market down with it since most companies like low rates, but if banks start failing??

 

[Bullitt]

Markets need the banks but with inflation so low, they will need CPI to go up to at least 3% which barely saw in 2011. Low rates = low profits.

Bugs seem to think inflation is a sure thing. Me, not so much.

 

[tsptalk]

The VIX has settled down from an early pop near 25, but the 4% gain has it breaking above the trading channel / wedge that it has been in.

 

[tsptalk]

The Naz 100 opened sharply lower on Thursday but has since rallied about 140 points off the opening lows. There is some overhead resistance, but all the resistance is rising. Is it going to keep rallying until the Apple split on Aug 31 (and maybe beyond?) or will those wedge patterns keep it from continuing to plow higher?

 

[tsptalk]

The Naz 100 opened sharply lower on Thursday but has since rallied about 140 points off the opening lows.

The Naz 100 is now up almost 1% yet right now there are 5 stocks down on the Nasdaq for every 3 that are up.

 

[tsptalk]

Here's a new development...

 

[tsptalk]

This doesn't look good for bonds (bear flag at the 20-day EMA), but perhaps the support from the 50-day EMA can keep it from breaking down again?