tsptalk's Market Talk

[Dutchy]

This is not good for consumer spending or the economy...
Reuters is reporting that there will be no Q.E. from European Central Bank this year..


Producer Prices Surge Most In Over Four Years As BLS Discovers Food Inflation | Zero Hedge

 

[Birchtree]

If it comes from zero hedge - always take a second look.

 

[tsptalk]

Boy, what the heck is happening to bond yields? Did the Fed do some buying today?

 

[JTH]

Boy, what the heck is happening to bond yields? Did the Fed do some buying today?

View attachment 28650

Enough said...

View attachment 28651

 

[tsptalk]

Russell fills the open gap...



Nasdaq has more to go...

 

[RealMoneyIssues]

and keeps on going...

 

[Birchtree]

The legendary S funders are paying their dues now - let's see if they can hold to their objectives. I bet the premium guys will have them scattering like well you know.

 

[JTH]

Boy, what the heck is happening to bond yields? Did the Fed do some buying today?

"The Ukrainian government will hold a $1 billion U.S.-backed bond sale before a presidential election scheduled for May 25, Finance Minister Oleksandr Shlapak said."

 

[tsptalk]

It's hard not to see this as bullish, although a pre-holiday "fake out" is a possibility.

 

[Dutchy]

tsptalk....It's hard not to see this as bullish, although a pre-holiday "fake out" is a possibility.

Tom, would not we have to have a 3-5 day breakout above SPX 1885-1890 to confirm bullish trend ?

Last 2 days have been impressive but as you say, could be bull trap...

 

[tsptalk]

Tom, would not we have to have a 3-5 day breakout above SPX 1885-1890 to confirm bullish trend ?

Great point... Even in the chart I posted, particularly before a holiday.

 

[Dutchy]

More food for thought.... Link says Data does not support this 2 day move...


Data, sentiment don

 

[Birchtree]

Putin on CNBC tomorrow morning - get ready!!!

 

[Dutchy]

Birchtree...Putin on CNBC tomorrow morning - get ready!!!

Wow... Thanks Birch. Will he talk about his latest deals with China? I would think so.
The "Algos" will react to his comments, regardless.

 

[tsptalk]

From www.sentimentrader.com: "The Nasdaq Composite index closed above its declining 50-day average for the first time in more than 30 days. It has completed a similar pattern four other times since the 2009 bear market bottom (7/15/10, 9/16/11, 6/19/12 and 12/11/12). All of them saw the Composite fall back immediately, and struggle for several weeks before resuming the uptrend."

 

[CrabClaw]

From www.sentimentrader.com: "The Nasdaq Composite index closed above its declining 50-day average for the first time in more than 30 days. It has completed a similar pattern four other times since the 2009 bear market bottom (7/15/10, 9/16/11, 6/19/12 and 12/11/12). All of them saw the Composite fall back immediately, and struggle for several weeks before resuming the uptrend."

some good news right there

 

[tsptalk]

Have the small caps turned the corner?

 

[tsptalk]

Small caps: Russell 2000 - Bull flag or a flat top?

 

[Birchtree]

A flat top would be beneficial for my accounts - small caps have temporarily surrendered momentum to larger blue chip names. Small caps will regain their mojo after June closes.

 

[tsptalk]

The indices are holding up nicely, but the Russell may need help recapturing the 50-day EMA.