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tsptalk's Market Talk
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Intrepid_Timer
Well-known member
Sounds like bragging, but I would be bragging too if that were my line.
If I were bragging, i would have posted my account chart that I use with 3X funds...............
Looks like the dollar (UUP) is trying to hang onto that 200-day EMA. It will have to hang on if it plans to fill that open gap any time soon.
We get an update on GDP this week and that could determine which way it breaks - and of course the stock indices are likely to break in the opposite direction.
We get an update on GDP this week and that could determine which way it breaks - and of course the stock indices are likely to break in the opposite direction.
wavecoder
Active member
Proof That The Transport Industry Doesn't Always Lead The Way | Transportation | Minyanville's Wall Street
transportation index is getting smashed today, but is that a reason to get out? this article basically says it's a 50/50 that the market follows the IYT and it's no clear indicator of where the market is going.
wondering if simplifying it and just sticking with the SPX/VIX is the way to go
transportation index is getting smashed today, but is that a reason to get out? this article basically says it's a 50/50 that the market follows the IYT and it's no clear indicator of where the market is going.
wondering if simplifying it and just sticking with the SPX/VIX is the way to go
wavecoder
Active member
I agree, but for TSP fund purposes (mostly C/S funds), this article basically says the transportation index isn't an indicator or where things are going. Wondering if it was even worth charting since if it's no better than 50/50, it'd be just as effective as calling heads or tails
clester
Well-known member
It's the Dow theory that talks about transports. I don't rely on it for my trades but just another indicator. Theoretically if economy accelerating it should show up in transports eventually.I agree, but for TSP fund purposes (mostly C/S funds), this article basically says the transportation index isn't an indicator or where things are going. Wondering if it was even worth charting since if it's no better than 50/50, it'd be just as effective as calling heads or tails
James48843
Well-known member
Yes. It's scaring me a bit. I am thinking with QE 3 we should be getting postive reaction, but it's dead as a doornail, and that's not good.
What to do...what to do....
What to do...what to do....
RealMoneyIssues
Well-known member
wavecoder
Active member
already in G fund so I'm taking a wait and see approach. if it can break the 20day and hold, i'm in again. if not, then I'm staying put. for the 4th day in a row, it has tested the lower resistance and held, but also failed to break the 20day sma. Something's gotta give.
Took the plunge and bought AAPL at $632 today. The stop area would be a close or two, below the trendline.
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