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The Trannies are having a good day, but it needs another push to break the downtrend and get back above the 50-day EMA.

071715a.gif
 
The Dow's down 100+, much of it due to IBM, but the Transports (+0.80%) are making another attempt to break out of their downtrend - plus small caps are finally showing some life this morning. With bonds struggling, investors seem to be shifting money from one stock sector to another. No other game in town if you don't want cash.

072115a.gif



Apple reports after the close.
 
tsptalk said:
The Dow's down 100+, much of it due to IBM, but the Transports (+0.80%) are making another attempt to break out of their downtrend - plus small caps are finally showing some life this morning. With bonds struggling, investors seem to be shifting money from one stock sector to another. No other game in town if you don't want cash.

072115a.gif



Apple reports after the close.
Click to expand...

This latest action is making my head spin.
 
The bear market in the Transport wins out again as the resistance and 50-day EMA held, and boom - down it goes.

072315b.gif
 
Big day for Tranports, up 2%. These kind of days tend to bring follow-through days, but there is still a big roadblock near 8300 - the descending resistance.

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Small caps have reversed nicely, but still below the 200-day EMA.

072815b.gif
 
It's a break of the intermedaite-term downtrend but it's still in a bear market and that 200-day EMA will likely be a determining factor. But it's sure nice to see some life there again.
 
Ignore the title. (covers several issues). Good read IMHO.
-------------------------------------------------------

"Sometimes, the anticipation of an event is far more troubling than when the event occurs. Waiting stinks and thinking too much raises calls forward all the fears possible in one’s mind. Finally, when the day arrives and the event occurs, life gets brighter somehow and we can move forward once again.

Such a time is now and the event is the Fed finally raising its Fed Funds rate. Trust me that the global markets won’t enter a tailspin nor the economies turn down. It is a sign of economic strength, not weakness. "

[h=2]End the Suspense Already and Raise Rates[/h]
 
S&P and Dow Completion Index (C and S funds) are already trying to close their open gaps from Monday...

081115c.gif


081115d.gif
 
Whahappon? The S&P futures just dove 16-points in a few minutes, and gold fell $8. I haven't seen anything in the news yet.
 
Wow, gold just shot back to get back that loss, but the S&P futures are still near the lows.
 
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