tsptalk's Market Talk

[tsptalk]

Yikes! It looks like the bear flags won the battle. If we don't see a move back over the 50-day EMA within the next few days, everything changes.

 

[Bquat]

Yikes! It looks like the bear flags won the battle. If we don't see a move back over the 50-day EMA within the next few days, everything changes.

I'm hoping we just set that right shoulder of the inverted H&S and continue up from here.

 

[tsptalk]

Nice intra-day move back above the 50-day EMA. I am still in the S-fund in the TSP but I sold a lot of stuff in my personal accounts this morning on the break below the 50-day EMA. Now it looks like most indices are retaking the 50 DMA. The close will be the key.

 

[Boghie]

Tom,

It will just change the sell point.

Going away in May. Let the Politicians Play.

 

[nnuut]

Nice intra-day move back above the 50-day EMA. I am still in the S-fund in the TSP but I sold a lot of stuff in my personal accounts this morning on the break below the 50-day EMA. Now it looks like most indices are retaking the 50 DMA. The close will be the key.

Sure are and that would make a nice Rat Tail sticking out of the Bottom!
​

 

[Boghie]

Kind of a surprise!!!

To me it looks like the 'C Fund' is the safe harbor for what is coming ahead. The 'F Fund' grew a bit today from all the folks running for safety. But that thing is nothing but flotsam in the ocean.

I need at least a good floater to grab hold of.

That didn't sound quite right, did it?

Anyway, C is my floater

 

[tsptalk]

Going away in May.

Does that means we survive earnings season? :blink:

 

[tsptalk]

The S&P is having trouble getting back over the 50-day EMA. I'm taking my money and running before this gets worse. 100% G COB 4/19.

Someone once told me to sell when you can, not when you have to.

If we bounce above the 50-day EMA this afternoon, I'm screwed. No more IFT's this month.

 

[BigJohn]

The S&P is having trouble getting back over the 50-day EMA. I'm taking my money and running before this gets worse. 100% G COB 4/19.

Someone once told me to sell when you can, not when you have to.

If we bounce above the 50-day EMA this afternoon, I'm screwed. No more IFT's this month.

Welcome aboard to the G fund...not having any more IFT's this month saved my bacon in the short term. I still think most of the losses over the last 10 days will be made up in the next 30...but I was lucky to be on the lily pad with the swirling action started.

BigJohn

 

[hessian]

The S&P is having trouble getting back over the 50-day EMA. I'm taking my money and running before this gets worse. 100% G COB 4/19.

Someone once told me to sell when you can, not when you have to.

If we bounce above the 50-day EMA this afternoon, I'm screwed. No more IFT's this month.

Hasn't made it above the 50 SMA (or the 20) - FWIW
POMO may be active this week because its short, then all bets are off, I expect.

 

[tsptalk]

Hasn't made it above the 50 SMA (or the 20) - FWIW

Thanks! I saw that. I know a lot of traders use the simple MA (Revshark for one) so it's always interesting to watch what traders do at those levels.

 

[Intrepid_Timer]

From TSP.gov:


"Notice for April 22nd: Because some of the stock and bond markets will be closed on Friday, April 22nd the Thrift Savings Plan will not be updating share prices in any of the TSP funds for that day. Consequently, transactions will not be processed until the following business day (Monday, April 25th)."

 

[tsptalk]

The S&P is having trouble getting back over the 50-day EMA. I'm taking my money and running before this gets worse. 100% G COB 4/19.

Someone once told me to sell when you can, not when you have to.

If we bounce above the 50-day EMA this afternoon, I'm screwed. No more IFT's this month.

Another one of my well-timed moves.

I see the Dow Transports are actually down on the day as oil moves to $111. Perhaps I was just a day early - or two? Pre-holiday trading can be strong, but be careful next week.

Oops - Transports just ticked up. They are now +5 on the day. Still, lagging badly.

 

[tsptalk]

The Dow Transports, the Nasdaq and this week's new Sentiment Survey are telling me to buy, buy, buy. That damn gap on the S&P chart has me spooked, but I'm in 100% for tomorrow.

 

[RealMoneyIssues]

The Dow Transports, the Nasdaq and this week's new Sentiment Survey are telling me to buy, buy, buy. That damn gap on the S&P chart has me spooked, but I'm in 100% for tomorrow.

A lot of people jumped in with both feet, whether it is C or S or I

Not me, I am too chicken... Maybe tomorrow (oh wait, jobs report)

:nuts:

 

[jpcavin]

A lot of people jumped in with both feet, whether it is C or S or I

Not me, I am too chicken... Maybe tomorrow (oh wait, jobs report)

:nuts:

I'm sure you'll buy in sometime when stocks are high. :toung:

 

[tsptalk]

The Dow Transports, the Nasdaq and this week's new Sentiment Survey are telling me to buy, buy, buy. That damn gap on the S&P chart has me spooked, but I'm in 100% for tomorrow.

Not exactly what I wanted to see this afternoon, but at least I'll be buying in low.

 

[Birchtree]

It's those young and inexperienced hedge funds taking their commodity profits which they do with regularity. This is just emotional capitulation and is healthy - pain brings back reality.

 

[tsptalk]

I would love to see the jobs report send the market down in the a.m., fill the 1315 gap on the S&P, and then close higher. Too much to ask?

I am just obsessed with that open gap on the S&P because they are so rare. Let's just fill it and get it out of the way, OK?

 

[hessian]

Obsessed,
We didn't get to that 1315 gap today. The low was 1329.17 - with the close at/bearly above the 20MA. Maybe tomorrow we fill the gap - But that would hit below the 50 MA as well.

We did close below the 20 EMA at 1338.38, as for the 50 EMA being at 1322.61 - below gap-fill - if the gap is filled, we would be below both supports, MAs and EMAs - maybe spell trouble for the Inv.H&S pattern??):blink:
VR!