tsptalk's Market Talk

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Stocks are trying to stabilize after yesterday's volatile melt-down. The problem here is that resistance continues to hold and the story is bearish with the Fed waiting in the wings to raise interest rates more aggressively than we originally thought - and they haven't even started yet.

The bull flag on the S&P looks better than the bearish flag on the DWCPF (S-fund), but it's those 50-day EMA that continue to hold down the indices, and that's bear market like behavior.

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Crazy couple days. For some reason F fund is up, any reason why? It was recently performing in lockstep with the SPY so it was starting to look like a not-so-great hedge against downside
 
For some reason F fund is up, any reason why?

No other fixed income comes close globally. Bond prices have already factored in expected rate raises. Russian invasion fears. Bear market fears.

As TSPtalk mentioned in the daily commentary - yield curve steepening.
 
It looks like the S&P 500 will hold at the 200-day EMA. In January the low came on the Monday after the Friday that also held at the 200-day EMA. It struggled from there for about a week or so. If it holds, great. If not, a test of the lows would be imminent.

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Crazy couple days. For some reason F fund is up, any reason why? It was recently performing in lockstep with the SPY so it was starting to look like a not-so-great hedge against downside

No other fixed income comes close globally. Bond prices have already factored in expected rate raises. Russian invasion fears. Bear market fears.

As TSPtalk mentioned in the daily commentary - yield curve steepening.

The implication of the Russia / Ukraine conflict would be bad for the economy, which took yields down. That pushed bond prices up.

Also, gold and bonds tend to be the safety play when stocks are falling sharply.
 
The implication of the Russia / Ukraine conflict would be bad for the economy, which took yields down. That pushed bond prices up.

Also, gold and bonds tend to be the safety play when stocks are falling sharply.

The flight to safety is one to watch in my opinion. The commercials continue to add and hold 10 year notes. Why?

The new COT data will be updated soon on this site.
 

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The S&P 500 is been flirting with that 200 day average for two days now. If it breaks, it would seem inevitable that a test of the lows is in order. Of course negative sentiment like that can also dry up (exhaust) selling, so we'll see. Small caps were acting better this morning, that is also a broken chart.


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The dollar is up filling another overhead gap, while the yield on the 10-year is inching back toward 2.0%

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The Transports are rebounding this morning after last week's bear flag breakdown, but the 200-day EMA may try to hold it back.

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We're 30 minutes into the trading day and a lot is happening. The Ukraine border news has stocks rallying, but the PPI report cane in hotter than expected.

Stocks are up nicely so far, but drifting somewhat off the initial highs.

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Yields are up and the dollar is down slightly after gapping lower and filling in another gap.

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The filled gaps are all blue.

If you don't like what's happening, just wait a few minutes. :D
 
A slow start on Wednesday sees stocks slipping again. They've had trouble stringing together winning days. There was the 4 day rally after the sharp sell off to start the year, but other than that just one or two up days before the bears stepped back in. The bulls look to add to yesterday's monster rally, but so far a sluggish start. It's early, though.

Yields and the dollar also start the day with modest losses.

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Stocks are tumbling to start Thursday's trading day. More resistance is holding, while the S&P 500 is now back down testing its 200-day EMA.

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Small caps are back below their 20-day EMA and there's not a lot of support between the current level and the January lows.


Yields are down as investors move into bonds and gold this morning for some safety.

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The dollar is up but still trending lower.
 
It's interesting that bitcoin and other cryptocurrencies are moving in sync with stocks rather than with gold.
 
It's interesting that bitcoin and other cryptocurrencies are moving in sync with stocks rather than with gold.


[h=1]Peter Schiff Predicts Bitcoin (BTC) at $10,000[/h]https://timesnewsexpress.com/news/finance/stock-market/peter-schiff-predicts-bitcoin-btc-at-10000/
 
Oil and gold have come off their opening highs, and bonds are down, so the ugly overnight futures didn't turn into as bad of an open as it looked.

Still some pressure on the indices as buyers aren't too enthusiastic yet, but we did see a little interest after the opening bell.

As we have seen all too often this year, it's too early to say what today's close will bring.
 
The early action on Wednesday has the yield on the 10-year up (bond prices down). The dollar is down slightly.

Stocks opened higher but that has been quickly erased as the sell the rallies folks are still quick to act. The indicators are quite stretched and even a bear market gets some relief.

As the month winds down, all of the TSP funds but the G fund are heading for their second month in a row of losses, with just 3 trading days left to try to change that.
 
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