tsptalk's Market Talk

[Bullitt]

Interesting observation on the possible reverse forming. If that right shoulder gets taken out, the bearish H&S would be negated.

 

[tsptalk]

What's the market so cranky about? Growth off, value back on.

 

[tsptalk]

HYG -- Boom! Big reversal.

What's the market so cranky about? Growth off, value back on.

 

[tsptalk]

A repeat of Wednesday morning.

 

[Bullitt]

Despite the today's drop, that Nasdaq bullish setup is still in play.

 

[tsptalk]

An auspicious start in yields, credit and the dollar...

 

[tsptalk]

A choppy end to Friday, but being an options expiration day, not too surprising, and tough to decipher what it means for Monday.

 

[tsptalk]

Nice move from HYG as far as the H&S goes, but it's now staring at the 50-day EMA from below so it has more work to do...

 

[tsptalk]

Small caps are lagging badly today. Must be small oil and bank stocks which pack the Russell 2000. Oil and yields are down.

 

[tsptalk]

The good news is, yields are down so growth is outperforming, but financials and oil are down, so the S-fund is lagging badly again today.

 

[tsptalk]

Nice!

 

[tsptalk]

Oil is up big, but maybe just filling in an open gap?

 

[Bullitt]

Up on dollar strength too, which is looking to put in another higher low (UUP).

 

[nasa1974]

Ain't helping the "S" fund. :angryfire:

 

[tsptalk]

Yields flat, credit market positive reversal if it can hold.

 

[rangerray]

Loved your commentary for this morning and I sure hope you are right!!

 

[LTJPFED]

Excellent commentary again this morning. One of the first things I do in the morning is check out the premium content and watch a couple videos which are in are threads but I have saved to my YouTube. I am becoming more of a creature of habit than our cat lol.

 

[tsptalk]

S&P trying to nudge out of that bull flag this morning.

Small caps testing resistance near their 50-day EMA.

 

[Bullitt]

Your bull flag was spot on. Now the transports are paving the way for an SPX measured move to the 4000-4100 range.

 

[tsptalk]

The Nasdaq and small caps are lagging again with the 10-year Treasury over 1.7% again.