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tsptalk's Market Talk
- Thread starter tsptalk
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The Dow futures are down 50+ points Sunday evening which, if you are looking for a bottom, is probably better than a 50 point increase. If we're going get any kind of a capitulation low, it's best to get a high volume, emotional sell off in early trading that eventually gets bought. A positive open would almost certainly be sold quickly. A little more short-term pain may be needed before there's a trade-able low.
Sensei
Well-known member
Well, here we are a half-hour before the open, and the Dow futures are up 60+. So what do you think? Sell the rally? LOL.
It is a holiday so perhaps we'll get the opposite of what we might expect (or just do the opposite of what I say.)
And... we're back to this...
And... we're back to this...
Just do the opposite of whatever seems obvious...
99percent
Member
BT on a buying spree? :laugh:
Who is that FED behind the curtain ???
Behind The Fed's Monetary Curtain: Wizards? Or Scarecrows Who "Do An Awful Lot Of Talking" | Zero Hedge
Behind The Fed's Monetary Curtain: Wizards? Or Scarecrows Who "Do An Awful Lot Of Talking" | Zero Hedge
The 10 year treasury yield is back below its 200-day EMA and looking like it wants to break down. What's going on here? Is the economy that weak?
The 30-year broke a while back and the 50-day EMA is about to go below the 200-day EMA. That = bear market for 30-year yield, bull market for 30-year bond? Again I ask, what's going on?
The 30-year broke a while back and the 50-day EMA is about to go below the 200-day EMA. That = bear market for 30-year yield, bull market for 30-year bond? Again I ask, what's going on?
CrabClaw
Well-known member
The small caps and Nasdaq are testing their 200-day EMA.
The S&P still has a long way to go, and it was actually above the 50-day EMA briefly this morning.
Interesting market.
Interesting is an understatement. Seems to be an unrelenting down trending day.
Last edited by a moderator:
Birchtree
Well-known member
Biotech hedge money has been seeking shelter in long bonds, thus driving down the interest rate - it's only temporary unless we are truly headed for symptomatic deflation. The Kress cycle could be at work behind the scenes applying downward pressure against the Fed QE.
Strong seasonality today (day -1 before Good Friday) but IBM seems to be putting the pressure on. It is responsible for about -50 Dow points right now so the Dow would be up about 15-points right now (Thursday morning) without IBM's loss.
Monday's seasonality is weak (day +1 after Easter weekend) but the following three days are positive again.
Monday's seasonality is weak (day +1 after Easter weekend) but the following three days are positive again.
Nice little reversal day going on, but we've seen this movie before where the sellers show up in the last half hour to an hour and take the indices back to their lows of the day. We're nowhere near the highs either so it's not yet a positive reversal day. Could be a critical final hour of treading.
It could also be traders knowing there have been something like 7 positive Tuesdays in a row. The Fed's on deck the next two days and we know they can say something that could hurt the shorts, and it could have been some covering.
I wish the Nasdaq and small caps would get out of their rut.
I wish the Nasdaq and small caps would get out of their rut.
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