Michael Turvey

Senior Manager - Institutional Trading Relationship. Providing trading tools and education for advisors.

[Michael Turvey @MikeTurveyCS]

Death crosses and golden crosses have never been exit or entry signals.

[Michael Turvey @MikeTurveyCS]

Weekly $SPX update: three down weeks, a nothing week, and a 2.5% bounce this week. Pretty typical uptrend behavior.

[Michael Turvey @MikeTurveyCS]

@BrandonVanZee We have much to be thankful for!

[Kathy Jones @KathyJones]

This is the really good news about the labor market. People are coming back into the labor force. Looks like ongoing rebalancing. It has been a slow process with a lot of ups and downs.

[Stage Analysis @stageanalysis]

Lots want a pullback, now that they missed the pullback.

[Kathy Jones @KathyJones]

2Q GDP was revised down to 2.1% from the 2.4% initial estimate. Personal consumption was revised up a tenth to 1.7%, but that came in below expectations.

[Michael Turvey @MikeTurveyCS]

@OJRenick stock is un-shortable

[Michael Turvey @MikeTurveyCS]

@Pedro_VI_PT I'm talking about how trying to forecast when the Fed will cut rates is a huge waste of time.

[Michael Turvey @MikeTurveyCS]

Are the people forecasting future rate cuts the same people that have been dead wrong on the economy for the past year?

[Michael Turvey @MikeTurveyCS]

Weekly $SPX update: signs of stabilizing after a 3 week pullback. 4340 is a decent near-term support to keep an eye on.

[Bespoke @bespokeinvest]

The Russell 2000 has been stuck in a RUT for the last year. $IWM

[Michael Turvey @MikeTurveyCS]

Weekly $SPX update: saw a great quote this week, apologies I can't remember who, but went something like this: "An overdue pullback sounds reasonable before it happens, but feels different in real time. The only difference is how you feel about it."

[Michael Turvey @MikeTurveyCS]

@CMay_TDA Awesome!

[Michael Turvey @MikeTurveyCS]

$SPX to the 50-day moving average

[Michael Turvey @MikeTurveyCS]

I mean, the S&P is down a staggering 1.4% in 2 days

https://t.co/qzEqBRcUKP

[Urban Carmel @ukarlewitz]

8 years ago and it still hasn’t happened

[Carl Richards @behaviorgap]

The smartest people I know are the ones I hear say this the most often:

“I don’t know enough to have an opinion on that”

[Michael Turvey @MikeTurveyCS]

Weekly $SPX update: not much to report after mixed inflation data and bad economic news out of China. S&P500 down just 0.25% this week.

[Michael Turvey @MikeTurveyCS]

@KathyJones @TimmerFidelity 😀

[Michael Turvey @MikeTurveyCS]

Weekly $SPX update: the debt downgrade, spike in long-term rates, and mediocre tech earnings all provided good reasons for a much-needed pullback. The 10wk EMA sits just about 1% lower near 4426, but does that gap between the 10wk and 40wk EMA need to shrink a bit?

[Michael Turvey @MikeTurveyCS]

Traders scooping up the algo sales after ISM services