tsptalk's Market Talk

[tsptalk]

The market is giving back some of Wednesday's historic gains as it takes care of some backing and filling in old gap areas, or backing off from broken support which may try to become resistance.



Here's the QQQ (Nasdaq 100) and it made its way all that way back up to its 300-day average yesterday, but that took a lot of energy so it's backing off a bit today.




The bond market is down but it seems more stable today. The 10-year yield is slightly lower.

The CPI came in on the cool side, which is good news for inflation, but could be pointing toward economic weakness.

As JTH pointed out, it's not usually a straight ride up after a giant 9% rally. https://forum.tsptalk.com/threads/warning-top-5-daily-gainers.49675/

 

[tsptalk]

Stocks are wavering early as bond yields continue to move higher while the dollar falls.



There was a strong 10-year Treasury Bond auction yesterday but yields keep rising as Japan and China sell US bonds.

This is troublesome so watch for something new to happen over the weekend.

 

[exnavyew]

Stocks are wavering early as bond yields continue to move higher while the dollar falls.

View attachment 68809

There was a strong 10-year Treasury Bond auction yesterday but yields keep rising as Japan and China sell US bonds.

This is troublesome so watch for something new to happen over the weekend.

Inside the bond market’s $800 billion ‘murder mystery.’ Here’s why the basis trade could be a time bomb—and what the Fed can do to stop it​

https://www.yahoo.com/finance/news/inside-bond-market-800-billion-100000711.html