tsptalk's Market Talk

Philly FED numbers were disappointing..


The Markets seem to want to find a bottom here in 2005 area.
But it is very early in the day. I'm tempted to IFT to S Fund today
and go to ETF TQQQ (3X Naz 100)
but caution with the recent volatility might be a better course...
 
Philly FED numbers were disappointing..


The Markets seem to want to find a bottom here in 2005 area.
But it is very early in the day. I'm tempted to IFT to S Fund today
and go to ETF TQQQ (3X Naz 100)
but caution with the recent volatility might be a better course...



That 2000 support gonna give sooner or later
 
Yeah, I'm not smart enough to know what to make of it. I was up in the wee hours watching stocks and gold go wild and I while I like technical analysis to tell me what's going on, I wish I understood why the Swiss National Bank's actions was throwing things into turmoil. It was sure fun to trade that kind of volatility and the wild swings made me understand that not too many people knew what to make of it either. :)

I do know the U.S. is seeing shaky data and that I get. But now the indices are turning green again, so what do I know. :)
 
The bulls have been DOA today. Looks like at least one more day that the bears will be in charge. It could turn anytime, any day, but the fact that bulls are still letting this fall tells me we see more downside tomorrow. Where it closes, who knows, but the bears will try to push it down again tomorrow morning until the bulls make a stand.
 
Maybe Aaron Rodgers can get everyone to R-E-L-A-X and we can have a flat day tomorrow to develop a base. Sitting on sidelines here, but it stings a bit elsewhere.

One would expect follow through overseas tomorrow and morning rallies seem to go nowhere. Maybe a big drop at the open to a fill a small 12/17 gap will work instead? Let bulls sit on the bench and catch their breath. They're gassed.

The bulls have been DOA today. Looks like at least one more day that the bears will be in charge. It could turn anytime, any day, but the fact that bulls are still letting this fall tells me we see more downside tomorrow. Where it closes, who knows, but the bears will try to push it down again tomorrow morning until the bulls make a stand.
 
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S&P needs a little more upside action before the short-term downtrend is broken.

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Just a quick check and it looks like most indices moved above their 50-day EMA yesterday, except for the Russell 2000. Even the Wilshire 4500 did despite the loss in the Russell.

ECB could be big. When is that announcement, like 6:30 AM ET, or earlier?
 
Just a quick check and it looks like most indices moved above their 50-day EMA yesterday, except for the Russell 2000. Even the Wilshire 4500 did despite the loss in the Russell.

ECB could be big. When is that announcement, like 6:30 AM ET, or earlier?

It's announced. 60B euros per month
 
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