350zCommtech's Account Talk

[Gumby]

Money coming out of bonds and gold. And no signs of the PPT.

PPT is on vacation? Probably doing taxes

 

[350zCommTech]

The FTSE(UK) ended the day in the green despite being down hard at one point. The chart might show a hammer for today. I'll post it when it's available.

 

[350zCommTech]

The FTSE(UK) ended the day in the green despite being down hard at one point. The chart might show a hammer for today. I'll post it when it's available.

Here's the chart of the FTSE. A glimmer of hope? I thought so this morning, but with the way the US market ended? I don't know.

View attachment 5997

 

[mojo]

When G fund is in the top 10 on tracker you know things are bad bad bad.

 

[Rod]

Hey Z, what's your your take on bonds (F)? I know it will probably take a hit tonight.

 

[350zCommTech]

Hey Z, what's your your take on bonds (F)? I know it will probably take a hit tonight.

There was some movement in the afternoon. You might see a lost of 1.5-2 cents.

 

[Rod]

There was some movement in the afternoon. You might see a lost of 1.5-2 cents.

I'm sorry... I meant what's your overall feel?

 

[350zCommTech]

I'm sorry... I meant what's your overall feel?

This morning was a big clue to get out of the F fund. The markets are way oversold and any bounce will hurt the F fund. A bear market rally can number on the F fund. There is also the issue of supply. More auctions this week and forever.

The reward is not worth the risk in the F fund, IMO.

Once the market rallies and get out of oversold, not sure if this possible anymore, I will look at the F fund again.

 

[Rod]

There is also the issue of supply. More auctions this week and forever.

You've confirmed my #1 concern.

I may be heading for (G) sooner rather than later.

Thank you.

 

[350zCommTech]

You've confirmed my #1 concern.

I may be heading for (G) sooner rather than later.

Thank you.

Any time Rod.

 

[350zCommTech]

Both the Nikkei and Yen are holding up OK tonight despite another sell-off in the US market. I'm crossing my fingers.

Up 8 points.

View attachment 6000

 

[Rod]

Both the Nikkei and Yen are holding up OK tonight despite another sell-off in the US market. I'm crossing my fingers.

Up 8 points.

View attachment 6000

I'm anxious to get back in...

 

[350zCommTech]

I'm anxious to get back in...

Please do it quick. We need a bounce so I can sell.

 

[Rod]

Please do it quick. We need a bounce so I can sell.

Now keep in mind... I'm ALWAYS a day early.:cheesy:

So, when you see I have entered, expect a bounce the next day!

 

[Birchtree]

I think our current situation is very reminiscent of October 2002 - the second bottom of a triple bottom play. We could launch any day now if we get a good rumor of possible suspension of mark to market accounting. There is apparently a hearing due Thursday.

 

[Viva_La_Migra]

I think our current situation is very reminiscent of October 2002 - the second bottom of a triple bottom play. We could launch any day now if we get a good rumor of possible suspension of mark to market accounting. There is apparently a hearing due Thursday.

Wednesday or Thursday might be good days to jump back in if you've been on the sidelines, would you agree? If the market is expected to rally on news of suspension of mark to market, and the hearing on that issue is due on Thursday, then one might argue the time has come to jump back in. I think Thursday will be a huge drop in the market while the hearing is going on, to highlight the need for the suspension, then Friday or Monday will be the "whoosh" rally Tom has been waiting for. What say you?

 

[350zCommTech]

You've confirmed my #1 concern.

I may be heading for (G) sooner rather than later.

Thank you.

This is what I was talking about.

Treasuries Fall Before Record $34 Billion Three-Year Auction

By Wes Goodman

March 10 (Bloomberg) -- Treasuries fell, eroding this month’s gains, as investors prepared to buy a record $34 billion of three-year notes the U.S. government is selling today.

The Treasury Department is also scheduled to auction $18 billion of 10-year debt tomorrow and $11 billion of 30-year bonds on March 12. Billionaire Warren Buffett and Marc Faber, publisher of the Gloom, Boom and Doom Report, both said government efforts to spur growth may lead to inflation.

“Treasury yields will go up because the economy will improve in the latter half of the year,” said Yasutoshi Nagai, chief economist at Daiwa Securities SMBC Co. in Tokyo, part of Japan’s second-largest brokerage.
The yield on the 10-year note rose four basis points to 2.90 percent as of 10:34 a.m. in Tokyo, according to BG Cantor Market Data. The price of the 2.75 percent security due in February 2019 dropped 11/32, or $3.44 per $1,000 face amount, to 98 22/32. A basis point is 0.01 percentage point.

“The auction calendar is so packed there will be six auctions every month in the six different benchmarks,” Suvrat Prakash, an interest-rate strategist in New York at BNP Paribas Securities Corp., said yesterday. “It’s weighing on Treasuries.” BNP is one of 16 primary dealers that trade with the Federal Reserve and are required to bid at Treasury auctions. ........

http://www.bloomberg.com/apps/news?pid=20601087&sid=aXYvnZU5kuXM&refer=home

 

[KevinD]

“The auction calendar is so packed there will be six auctions every month in the six different benchmarks,”

Whats normal?

 

[350zCommTech]

Financials are in on the rally. This is real. Shorts better get out of the way.

Resistance at 709, then 723.

 

[Steadygain]

Financials are in on the rally. This is real. Shorts better get out of the way.

Resistance at 709, then 723.

You had me laughing pretty good this morning -

Man you surely know I think you're a very cool dude..

MAYBE - Just for a little while you should get rid of the BEAR CHEERLEADER - as I think we're about the BULLISH Members.