These are 10 day averages but yeah, they're moving in the right direction to get to extreme.
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
tsptalk's Market Talk
- Thread starter tsptalk
- Start date
These are 10 day averages but yeah, they're moving in the right direction to get to extreme.
FireWeatherMet
Well-known member
Unlike previous short 2-4% pullbacks, this has nothing to do with Yields this time. Seems to be the 140% rise in Covid Cases/30% rise in deaths nationwide past 2 weeks...Delta Variant is threatening the entire "Re-opening Trade".
At some point, if yields continue to slowly slide down, that could bring the bottom a little quicker, IMHO.
At some point, if yields continue to slowly slide down, that could bring the bottom a little quicker, IMHO.
Yeah, could be tied together - yields falling because of COVID cases.
10-year down to 1.15% this morning. The dollar is up sharply again, possibly because of the trouble in Europe?
The S&P is getting a bounce (dead cat?) off the 50-day EMA - can the pattern repeat? The Russell is up testing the Monday morning gap again. Big day, close is key.
Turnaround Tuesday? Shhh! :shhh:
10-year down to 1.15% this morning. The dollar is up sharply again, possibly because of the trouble in Europe?
The S&P is getting a bounce (dead cat?) off the 50-day EMA - can the pattern repeat? The Russell is up testing the Monday morning gap again. Big day, close is key.
Turnaround Tuesday? Shhh! :shhh:
I was just told that my commentary for Tuesday had not been uploaded yet. Ugh! Sorry. It's there now. At least I know one person reads it. :laugh:
https://www.tsptalk.com/comments.php
https://www.tsptalk.com/comments.php
Small caps booming for 2nd day, and now above the 50-day EMA and the neckline of the head and shoulders. I'm still a little worried about the retest possibility as I talked about in today's commentary, so it has to hold these gains into the close. So far so good, but it's a long day and those MonkeyPox aren't going anywhere
Yields are popping again, and I was suspecting that could be the low, but let's see what it does once it fills that open gap and deals with the 200-day EMA.
The higher than expected jobless claims number is pushing yields... nowhere.
Remember that gap near 1.3% was filled and that often is a place of resistance.
Remember that gap near 1.3% was filled and that often is a place of resistance.
James48843
Well-known member
A mini double top being tested today. It may not break out today based on prior similar situations. Earnings season can trigger breakouts - or fake outs!
I’m seeing a great setup for what I think will be new highs next week. I really think we’re going to get some great earnings reports next week that boost a lot of stocks broadly. Hang in there!
Sent from my iPhone using TSP Talk Forums
I can't recall another year where the indices were so divided. The Russell 2000 is still down today, although off the lows, while the S&P 500 and Nasdaq race to new highs.
The advance / decline volume is very negative again today despite the big gains in the shiny indices.
The advance / decline volume is very negative again today despite the big gains in the shiny indices.
James48843
Well-known member
I can't recall another year where the indices were so divided….
The advance / decline volume is very negative again today despite the big gains in the shiny indices.
You know, I’m thinking hard about why that is- more declining shares than advancers- and what I come up with is only this:
We are into good earnings reports, AND the first time since the March/April crash last year, that we are now more than a year since the worst crashes- and rebounds began.
What I am doing personally, is matching some long term losers with gainers, and selling the losers to reposition the money, and looking for the stronger forward looking stocks.
Sold Nintendo (slight loss) and bought VISA. (Expecting better than expected earnings next week). It’s all just part of the normal churn, except it means the indexes could diverge.
C is solidly positioned to be ok, I think.
Sent from my iPhone using TSP Talk Forums
Similar threads
- Article