tsptalk's Market Talk

[wavecoder]

This Biotech breakout is absolutely nuts, standing at +54% right now, tempted to cash out on it. But my system hasn't called a sell yet, gotta stay disciplined.

In any case, a good start to this year so far :nuts:

 

[Lakebound]

S-fund showing resiliency. Wonder if there's still concern over the strong dollar maybe?

Good guess. It seems that it is showing more resiliency than the I-Fund at the moment. After yesterday's post 2:00 P.M. rally by all funds, I was expecting things to finish a little in the red today. Hoping things stay Green for the S-Fund today once again.

Frank

 

[exnavyew]

[h=1]Schiff: The Fed is "bluffing," no rate hike in 2015[/h]
https://finance.yahoo.com/news/schiff--fed-has-been--bluffing---no-rate-hike-in-2015-161117074.html

 

[wavecoder]

Hey Tom, is it possible to create another autotracker acct without having to make a new one? I wanted to test out a system separate from the one i use

 

[nnuut]

Hey Tom, is it possible to create another autotracker acct without having to make a new one? I wanted to test out a system separate from the one i use

It's better if you send him a PM!

 

[tsptalk]

So much for my analysis in today's Commentary that the Transports should be able to breakout on this 4th attempt...

http://www.tsptalk.com/mb/blogs/tsptalk/3253-stocks-nearing-new-highs.html

 

[JTH]

So much for my analysis in today's Commentary that the Transports should be able to breakout on this 4th attempt...

http://www.tsptalk.com/mb/blogs/tsptalk/3253-stocks-nearing-new-highs.html

Don't feel bad, it's hard to believe it won't breakout. Seems to be a pattern of large-quick moves on the most recent trend-channel

30-Min Chart

 

[Birchtree]

There must be another train wreck someplace.

 

[tsptalk]

Don't feel bad, it's hard to believe it won't breakout. Seems to be a pattern of large-quick moves on the most recent trend-channel

Sure. I totally expect it to breakout, but I didn't think it would back down again first.

 

[OBXTrader]

You got backup a little sometimes to get a good running start.

Sure. I totally expect it to breakout, but I didn't think it would back down again first.

 

[wavecoder]

 

[exnavyew]

Mildly up all day and then down at the close. Was there some news or just some late session profit taking or....other? :feedback:

 

[userque]

CNBC and others will always give a reason. Everytime. The real reason is, with few exceptions (e.g. 9/11), that no one really knows. Even so, we still try to predict the daily ebbnflows of the markets; with varying degrees of success or failure.

We can barely predict what we ourselves (let alone others) will do in the markets on any given day in very near the future. That's what moves the markets...what others are doing in it.

_____________________
"Ours not to reason why, ours but to do and die."

Mildly up all day and then down at the close. Was there some news or just some late session profit taking or....other? :feedback:

 

[wavecoder]

Mildly up all day and then down at the close. Was there some news or just some late session profit taking or....other? :feedback:

Could be anything really. One week the market is down because of falling oil prices, another week it's up because oil's going down. Before QE is good for the stock market prices, then shoots up after the fed says QE is gonna get tapered, then down when they say the same thing another week... How the news affects the market doesn't make any logical sense, which is why I don't factor in news when it comes to my market moves

 

[Lakebound]

CNBC and others will always give a reason. Everytime. The real reason is, with few exceptions (e.g. 9/11), that no one really knows. Even so, we still try to predict the daily ebbnflows of the markets; with varying degrees of success or failure.

We can barely predict what we ourselves (let alone others) will do in the markets on any given day in very near the future. That's what moves the markets...what others are doing in it.

_____________________
"Ours not to reason why, ours but to do and die."

Post of the year right there. I tried to explain this very thing to someone at work today. In short when we complain about the market or "Wall Street" we are complaining about ourselves.

We are the Market. :smile:

Frank

 

[exnavyew]

U.S. stocks end lower in late-trade selling

http://www.marketwatch.com/story/us...speakers-home-sales-in-view-2015-03-23?page=1

 

[userque]

"Where two or more gather..." ...so...continuing from where I left off:

An online lower-cased buddy of mine here recently used the phrase "circular reference." While he incorrectly said or implied that such a thing is not allowed in Excel (in fact, it is by special permission; but that's another tutorial), it does perfectly describe a part of these markets we trade.

You see, trend-lines, moving-averages, bollinger-bands, etc., and the like work not because stocks themselves say in effect, if not in these exact words: "Hey! I'd better reverse direction. I just hit the 200-day!" But instead because the owners of those stocks etc. say those things.

Because everyone (or more precisely--a lot of folks) expects a bounce/reversal/etc., at least, on these key levels: elliott, bollinger, MA's, EMA's, Candles, etc.; it happens! a lot of times.

If for that reason only, such (what are in effect) arbitrary constructs do indeed have value.

A self-fullinging prophecy. A circular reference. A reduction in market entropy; and thus, an increase in market predictability.

usercuz

 

[tsptalk]

Double tops are giving the largeer indices some short term resistance.

Small caps trying to hang onto rising channel.

 

[Lakebound]

Double tops are giving the largeer indices some short term resistance.

Small caps trying to hang onto rising channel.

Patience ..... patience will prove very worthwhile for us later this week.

Frank

 

[tsptalk]

Dollar trying to hold onto support...