tsptalk's Market Talk

[tsptalk]

Stocks are rock'in today, and I think the window may be open for more gains IF the 10-year continues to hold above 1.5%, and up until it hits that 1.7 to 1.75% area where open gaps, the 50-day EMA, and resistance lines are coming together.

 

[tsptalk]

90-day / 10-year yield curve steepens (no longer inverted.)

 

[tsptalk]

Russell 2000 recaptures key 50-day EMA...

 

[tsptalk]

Looks like a pivotal day for the Transports. It gapped up above the 50-day EMA and the descending channel's resistance line, but is losing steam off the highs and trying to hold the breakouts.

 

[tsptalk]

The bulls would like to see the VIX fall below the 200-day EMA. The bears want it above. It's holding so far this morning after a test.

 

[tsptalk]

New highs for the S&P 500 this morning...

 

[tsptalk]

Does anyone else find it odd that yields are tanking (bonds rallying) after the strong jobs report? Red flag for stocks.

 

[tsptalk]

 

[Bullitt]

yields are tanking

Who trades bonds? I never hear people talk about how they made money trading US Treasuries but that's why it's important to pay attention to - banks, sovereign wealth funds and pension funds trade bonds. I'd rather follow their lead than someone who is bullish on QQQ because of TSLA or AAPL.

 

[Bquat]

Does anyone else find it odd that yields are tanking (bonds rallying) after the strong jobs report? Red flag for stocks.

Can the Chinese by US bonds as protection for Corona Virus financial scares? Just wondering:

 

[ravensfan]

Does anyone else find it odd that yields are tanking (bonds rallying) after the strong jobs report? Red flag for stocks.

Something is certainly pulling stocks down today. Wonder if the coronavirus is finally having an effect on the market with jitters about supplies from China??? Hmmm.

Yep, Red Flag :nuts:

 

[tsptalk]

Who trades bonds? I never hear people talk about how they made money trading US Treasuries but that's why it's important to pay attention to - banks, sovereign wealth funds and pension funds trade bonds. I'd rather follow their lead than someone who is bullish on QQQ because of TSLA or AAPL.

Agree. It's surprising to most that the bond market is actually larger than the stock market as far as money changing hands, and it's not mom and pop.

 

[tsptalk]

Can the Chinese by US bonds as protection for Corona Virus financial scares? Just wondering:

Wonder if the coronavirus is finally having an effect on the market with jitters about supplies from China??? Hmmm.

Good thought, because a jobs report like we just got shouldn't be attracting average investors into bonds - not that average investors look at bonds as bullit said.

 

[James48843]

Something is certainly pulling stocks down today. Wonder if the coronavirus is finally having an effect on the market with jitters about supplies from China??? Hmmm.

Yep, Red Flag :nuts:

Yup. Red flag!

 

[tsptalk]

A couple of bull flag breakouts to new highs this morning: small caps and the High Yield Corporate Debt fund.

 

[tsptalk]

Are yields on the verge of a breakdown?

 

[tsptalk]

The S&P 500 is fairly flat with an hour to go. With a three day weekend ahead, you would think that the coronavirus nerves would trigger some selling in the final hour, but I assume many folks are thinking that same thing, so maybe we should expect the opposite? I have no idea, but that's sometimes how the markets roll.

 

[tsptalk]

The S&P 500 is fairly flat with an hour to go. With a three day weekend ahead, you would think that the coronavirus nerves would trigger some selling in the final hour, but I assume many folks are thinking that same thing, so maybe we should expect the opposite? I have no idea, but that's sometimes how the markets roll.

 

[tsptalk]

Today's candlestick pattern (so far) makes it look like we could have a temporary peak in the $$.

 

[tsptalk]

Coming off all time highs, the High Yield Corporate Bond Fund is testing some key support this morning.

HYG is a gauge of the credit market and its buoyancy has been helping the stock market.