tsptalk's Market Talk

[KevinD]

Tom, the gap's not filled yet, there's a .18 point gap yet unfilled

How about now?

 

[tsptalk]

Tom, the gap's not filled yet, there's a .18 point gap yet unfilled

I'll pay the 0.18 if they'll change the charts.

 

[Intrepid_Timer]

Although the S&P 500's gap has been filled, it still hasn't filled on SPY. You can't short an index, but you can an ETF............

 

[tsptalk]

Tom, the gap's not filled yet, there's a .18 point gap yet unfilled

I took care of it... 1,311.80

 

[Scout333]

Whats up with the market today? Big boys shakin out the weak hands? Time to change the sticky pants or not?? I r comfused.

 

[nasa1974]

Whats up with the market today? Big boys shakin out the weak hands? Time to change the sticky pants or not?? I r comfused.

I think sticky pants would be recommended for today.:blink:

 

[Frixxxx]

If the technicals fail...3% loss today

 

[mayday]

I think sticky pants would be recommended for today.:blink:

I'm making money and I still have sticky pants.

 

[tsptalk]

Whats up with the market today? Big boys shakin out the weak hands? Time to change the sticky pants or not?? I r comfused.

Yesterday's rally was partially because of the rumors of a strong monthly employment report due out Friday, but today's extremely weak ADP report threw a wrench into that theory.

 

[RealMoneyIssues]

Yesterday's rally was partially because of the rumors of a strong monthly employment report due out Friday, but today's extremely weak ADP report threw a wrench into that theory.

So do you think the market will continue down through the week, with a little rally tomorrow??? because of the bad econ data and jobs reports? (my TZA holdings are making me smile )

 

[tsptalk]

After a day like today (down 250+) I can only imagine what the sentiment survey will say tomorrow.

 

[Scout333]

TSP'rs, New Jobs Plan?

White House Jobs Council to release plan for economy

President Barack Obama's Jobs and Competitiveness Council today will announce its plan to boost employment and economic growth. The plan includes government spending. From AICPA CPA Letter Daily. QE3 lives??

 

[tsptalk]

Hi Scout333! Sorry - I moved your orignal Jobs Plan post to its own thread in the Economy forum ...

http://www.tsptalk.com/mb/showthread.php?9625-New-Jobs-Plan!

 

[Scout333]

Thanks Tom, Thought I messed the first one up since I didn't see it post.

 

[tsptalk]

In the early action, the initial resistance line (old support) has broken and the S&P is now testing the 20-day EMA. I'm looking for an eventual test of the 50-day EMA and that's when the market will have to tell us which way it wants to go...

 

[JTH]

In the early action, the initial resistance line (old support) has broken and the S&P is now testing the 20-day EMA. I'm looking for an eventual test of the 50-day EMA and that's when the market will have to tell us which way it wants to go...

For the S-Fund, I'm looking for a minimum target of 689.95 which would be is a 50% bounce off the last 1-16 June wave.

 

[tsptalk]

For the S-Fund, I'm looking for a minimum target of 689.95 which would be is a 50% bounce off the last 1-16 June wave.

Are you looking at the ^w4500? That would probably mean a top today or tomorrow? Is that correct?

 

[malyla]

I'm looking for a maximum target on the S-fund (wilshire 4500) of 710. But I'll take the 690

A downturn and break of 665 completes a H&S with a possible decline to below 600 to complete this summer of woe. Lets see if my charting education is bankable

 

[tsptalk]

This is what I have been watching as a possible repeat pattern...

I have noticed this head test for a while, but thanks to Oscar for pointing out the similarity to last year's pattern.

 

[tsptalk]

Bonds just took off. That's not a very good sign for this stock market rally...