Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (19322)	2/25/2021 3:07:02 PM
From: rimshot	1 Recommendation Recommended By ajtj99 Respond to of 97403

$OEX 1743 / 1742 = 50-day SMA / EMA * will the MA's provide lasting support, with the lower BB a distance below the MA's? stockcharts.com $SPX daily chart shown below with 4 long-term moving averages, 3 of which now reside below the recent January & February 2021 intraday price lows stockcharts.com * note the RSI-14 is holding below the important 60 level, so any lower price level is possible for the future $SPX price action while the RSI-14 continues to display Negatively Divergent lower highs when the $SPX daily close price advances are accompanied by lower momentum indicated by RSI lower highs ( important note: during 2021, all intraday SPY price action that resides above the daily 126,2 upper BB has been sold ... 126 days = 6 months of price action ) due your own due diligence, and avoid buying into the thought selling based on supposition about the future that is going on

To: rimshot who wrote (19322)	2/25/2021 7:52:12 PM
From: rimshot	2 Recommendations Recommended By ajtj99 ItsAllCyclical Read Replies (1) \| Respond to of 97403

There is a good argument that rising yields reflect confidence in the economy and it's an argument that Fed members have repeatedly made but it didn't add up on Thursday Feb 25 t.co @alaidi article excerpt - There is a good argument that rising yields reflect confidence in the economy and it's an argument that Fed members have repeatedly made but it didn't add up on Thursday as rates shot higher and the softest 7-year Treasury sale on record led to a quick blowout. At the end of the day, US 5-year yields were up 22 basis points to 0.82% and US 10s had briefly hit 1.60%. On its own, 1.6% isn't anything akin to 'high rates' but at the start of the month they were at 0.98%. They've moved too quickly for anyone's comfort and that message reverberated in to a sharp selloff in US equities as the S&P 500 fell 2.5%.Initially the FX market shrugged off higher yields, early on Tuesday AUD/USD hit 80-cents for the first time in three years. After a strong US durable goods orders report, the Canadian dollar also hit a three year high. But as the jump in yields grew increasingly disorderly, both reversed in a big way. Cable was also sucked back to 1.40. Importantly, this was a global jump in yields and while the outlook is strong for this year in the US, global central bankers will not appreciate the speed of this move. The Fed will be facing pressure internally and externally to clamp down on rates. The first step will be verbal intervention. The Fed's Williams speaks Monday, Brainard on Tuesday and Powell next Thursday so there will be plenty of opportunity. Yet, if Friday's PCE report shows unwelcome inflation, they may be forced into action sooner. The consensus estimates on both core and headline are +1.4%.