tsptalk's Market Talk

[PessOptimist]

I am reminded of an actual transmission I heard over a HF radio net way back in the day:

"all stations, all stations, disregard my previous disregard".

PO

 

[FireWeatherMet]

[h=1]Fed might not raise rates in 2015[/h]
NEW YORK (Reuters) - The Federal Reserve could find itself challenged to raise U.S. interest rates this year as global growth remains sluggish and inflation subdued, closely watched bond investor Bill Gross said on Monday...


http://finance.yahoo.com/news/fed-might-not-raise-rates-165922230.html

Maybe this will set the impetus for the next swing upward with this months Fed meeting.

 

[pmaloney]

So hopefully the third day will be better. Are we in uncharted history?

 

[tsptalk]

One gap filled...

 

[tsptalk]

Fed might not raise rates in 2015

Maybe this will set the impetus for the next swing upward with this months Fed meeting.

And with oil basically acting as another tax cut, the fuel is there. But of course this kind of announcement could spook investors thinking the economy is retreating.

 

[shitepoke]

OUCH!!
minus 0.57 cents a share in S fund today...

 

[WorkFE]

One gap filled...

That second one looks painful.

 

[jkenjohnson]

That second one looks painful.

I agree.

 

[alevin]

That second one was one I was watching for during the last big drop. didn't get there then. maybe this time.

 

[tsptalk]

Big bounce, but now is the test with a double dose of resistance overhead...

 

[tsptalk]

The early selling nearly filled the gap left open yesterday. That may or may not be good enough, but as long as it stays above the bottom of that open gap, which is also right at the 50-day EMA, it looks OK. Should it break down, then we have some problems.

It will be interesting to see the close today. How many investors / traders will want to hold going into weekend with all this violence going on in Europe?

 

[wavecoder]

I ain't ever scared, still birch-mode for me

 

[Viva_La_Migra]

I ain't ever scared, still birch-mode for me

I'm in taking a beating until my morale, or my bottom line improves, which ever comes first. :blink:

 

[tsptalk]

Long way to go today and the close may be the tell...

 

[tsptalk]

As we expected, the open gap (blue) on the EFA got filled this morning.

But, this is still a bear market for the I-fund so I don't expect too much more upside in the EFA. More likely the new small gap (red) will get filled near 59.75.

 

[tsptalk]

But, this is still a bear market for the I-fund so I don't expect too much more upside in the EFA. More likely the new small gap (red) will get filled near 59.75.

Follow up, that small red gap got filled already.

 

[tsptalk]

Wow, huge swings in the futures. 50-point swing down from highs in S&P and about 100 in Naz. It looks like it could be a wild one today.

 

[Sensei]

Wow, huge swings in the futures. 50-point swing down from highs in S&P and about 100 in Naz. It looks like it could be a wild one today.

Not looking good for my team.

 

[Warrenlm]

This thinking may get more widespread....sure not helping.....

I don't want to sound like a doomsayer, but when small and medium-sized businesses are dying faster than they're being born, so is free enterprise. And when free enterprise dies, America dies with it.

http://www.zerohedge.com/news/2015-01-14/gallup-ceo-blasts-us-leadership-economy-not-coming-back

 

[weatherweenie]

Not looking good for my team.

Just like that the Dow and S&P futures are in the green.