tsptalk's Market Talk

[tsptalk]

Buyers are hiding under every rock and behind every corner, snatching up every dip.

 

[WorkFE]

Small gain awareness is extremely alert right now. I wish they'd go back to sleep.

 

[tsptalk]

It's not a surprise to see a pullback from a double top. It doesn't have to last long...

Although it could...

This could just be the pre-holiday reversal.

 

[tsptalk]

The S&P and Nasdaq have already done, and small caps are have not, but the Dow and Transports are testing the July highs now. Double top or a breakout?

 

[tsptalk]

The dollar gapped up and started to spike this morning...

And the EFA (I-fund) is taking the brunt of it...

 

[tsptalk]

The dollar gapped up and started to spike this morning...

Just to illustrate how much the dollar impacts our I-fund, here's what happened in the largest EAFE countries markets today...

Yet, the EFA is down 0.25% right now.

 

[weatherweenie]

Another day, another gain being sold off.

The S&P and Nasdaq have already done, and small caps are have not, but the Dow and Transports are testing the July highs now. Double top or a breakout?

 

[tsptalk]

Another day, another gain being sold off.

I wonder if buyers will step up here at the flat line? There's a little rising channel starting here...

 

[tsptalk]

<--- So much for that.

 

[Dutchy]

I will be looking for 20 Day EMA at 1983 to hold tomorrow..

 

[99percent]

So much for a cease fire. Not good.

Russian Rockets Are Falling Close To Mariupol - Business Insider

 

[Dutchy]

Watching SPX to hold 1985-1990 range the first hour, if lower, bear claws may come out !!

 

[Dutchy]

Dutchy.....Watching SPX to hold 1985-1990 range the first hour, if lower, bear claws may come out !!

With a lower jobs report, conventional wisdom seems to be the FED will delay raising interest rates until mid-2015 rather
than earlier.. This "should" be supportive of Markets.

 

[tsptalk]

With a lower jobs report, conventional wisdom seems to be the FED will delay raising interest rates until mid-2015 rather
than earlier.. This "should" be supportive of Markets.

Yup. Things sure have changed. It's not your parent's stock market anymore. Even it lives on entitlements these days.

 

[99percent]

Let's hope bad news is good news.

 

[weatherweenie]

Let's hope bad news is good news.

"I don't believe it."
"This is anomalous."

"There's going to be an upward revision."

That's how three top economists reacted on CNBC to the much-lower-than-expected August jobs report, shortly after it was released Friday.

 

[weatherweenie]

Preliminary deal on Ukraine cease-fire signed

 

[tsptalk]

"I don't believe it."
"This is anomalous."

"There's going to be an upward revision."

That's how three top economists reacted on CNBC to the much-lower-than-expected August jobs report, shortly after it was released Friday.

Prior revisions took away another 28,000 jobs in June and July so I'm not sure if its anomalous. There's only one more jobs report before the mid-term election so they are probably preparing for a big report with large upside revisions to August. Too cynical? :notrust:

 

[Dutchy]

tsptalk......Prior revisions took away another 28,000 jobs in June and July so I'm not sure if its anomalous. There's only one more jobs report before the mid-term election so they are probably preparing for a big report with large upside revisions to August. Too cynical? :notrust:

No, you are not to cynical. You can bet there will be upward revisions before November...
Obama Administration will be desperate to stave off GOP gains in the House and Senate
and they will need economic ammo to do it !

 

[nnuut]

No, you are not to cynical. You can bet there will be upward revisions before November...
Obama Administration will be desperate to stave off GOP gains in the House and Senate
and they will need economic ammo to do it !

Right ON!