tsptalk's Market Talk

[tsptalk]

It can't go up forever, or can it?

Sure it can. Just ask Birchtree.

But the more people that start to think that way, the sooner we'll run out of people to buy.

 

[tsptalk]

The Russell 2000 filled the small open gap and the lows have been holding so far, at the rising support line.

 

[Dutchy]

Will today's retreat be it or more to come ??


Russell Tumbles Most In 3 Months; S&P Retraces All "Great Jobs Report" Gains | Zero Hedge

 

[tsptalk]

Talk about a post-holiday reversal. All of last week's gains were lost on the Russell yesterday.

 

[tsptalk]

I stole this from a Newsfeeder post...


(click image to view full size)

More: http://finance.yahoo.com/news/visualizing-2000-2007-2014-stock-001247098.html

 

[Warrenlm]

http://finance.yahoo.com/news/wal-mart-looks-to-grow-by-embracing-smaller-stores-155257090.html Interesting long read about Walmart and its future. Discusses some of the capitalistic/risk-taking moves it has and is undertaking on big scale. A window into the big business decisions and attempts. Of course the Board and owners would have a much easier job of keeping the company competitive, viable, a continuing employer for thousands of families, etc. if wages were raised to $15/hr, healthcare offered to all workers, guns were banned,....

 

[Dutchy]

Good Pre-Market post in NewsFeeder thread.


Market mover today should be FED minutes released at 2pm..

Market mavens may have be expecting a more hawkish tone on interest rates which has
contributed to 2 day Market slide. If there is no such tone in today's minutes than should boost Markets..

 

[tsptalk]

 

[Viva_La_Migra]

Didn't we just see a Bull Flag in one the charts a day or two ago? Too bad we don't have a fund that bets against the market! We could win either way the market goes.

 

[tsptalk]

I noticed the main headline on the Drudge Report is "STOCKS TUMBLE".

We weren't even down 1%. Here we are just off all-time highs and a we see folks still cringing on any drop.

I think the lofty levels of the indices have some confused about the size of losses. A 100-point drop now, with the Dow near 17,000, is not the same as a 100-point drop when the Dow was 7000 in 2009. I'm more concerned about any technical chart damage.

There was some damage done in Europe and that may be what the article was about. I guess I should read it.

 

[Frixxxx]

I think the lofty levels of the indices have some confused about the size of losses. A 100-point drop now, with the Dow near 17,000, is not the same as a 100-point drop when the Dow was 7000 in 2009. I'm more concerned about any technical chart damage.

Couldn't agree more Tom:
[TABLE="class: grid, width: 215"]
[TR]
[TD]Dow Jones
[/TD]
[TD]Drop
[/TD]
[TD]Percentage
[/TD]
[/TR]
[TR]
[TD="align: right"]1000
[/TD]
[TD="align: right"]100
[/TD]
[TD="align: right"]10.000%
[/TD]
[/TR]
[TR]
[TD="align: right"]7000
[/TD]
[TD="align: right"]100
[/TD]
[TD="align: right"]1.429%
[/TD]
[/TR]
[TR]
[TD="align: right"]17000
[/TD]
[TD="align: right"]100
[/TD]
[TD="align: right"]0.588%
[/TD]
[/TR]
[TR]
[TD="align: right"]20000
[/TD]
[TD="align: right"]100
[/TD]
[TD="align: right"]0.500%
[/TD]
[/TR]
[/TABLE]

 

[tsptalk]

The S&P (SPY) is following through on last week's positive reversal days, but Monday morning gaps tend to get filled quickly. But even if it is filled, there's support below and as long as the support holds...

 

[tsptalk]

Here's a three year old post that's relevant today...

Will we see the usual Intel earnings gap fade today or tomorrow?

Chart provided courtesy of www.sentimentrader.com

The QQQ (Naz 100) used to be called QQQQ.

 

[Dutchy]

I'd sure like to see below chart updated through 2013-2014.


Other commentators have said when we have a jump like today prior to Options Expiration, the Markets may be down BIG Friday
post Ops EX.,

 

[tsptalk]

It seems like Friday options days are generally not movers - unless I say that and then they are wild.

There is definitely options "playing". There are numbers they want to pin on the indices where the most money will be made (or taken away from the dumb money) in options, and the following week things normalize so the tendency is a positive options week, and a weaker post options week.

 

[tsptalk]

This chart could bounce off the 200-day EMA but it is a nasty bear flag that does not look good for France (which makes up about 10% or our I-fund).

 

[tsptalk]

We're getting a little bounce here and I don't know where the indices will close, but I think we will see green at some point today. Whether the indices are bottoming or forming a bearish bear flag, a higher high today (over yesterday) would be created either way. But again, that doesn't mean they will close in positive territory (although they could). I'm just looking for some kind of higher high today at some point. Probably up to the 50-day EMA.

 

[tsptalk]

Ouch! What just happened?

 

[weatherweenie]

Ouch! What just happened?

Ukraine excuses

 

[nnuut]

Stocks just nosedived. FT story says there are 20,000 Russian troupes deployed in battle-ready formations on the border with Ukraine, citing Nato military officers.

Stock market live blog: Dow resumes its retreat; Whole Foods rallies on Icahn rumor - The Tell - MarketWatch