350zCommtech's Account Talk

[350zCommTech]

Anything

Note to self:

Put nnuut on Don't talk to list....

 

[hessian]

Divot just posted analyses that indicates possibly good action ahead too. Link at... http://www.tsptalk.com/debrief/

Anyway, there you won't want to miss the "Ben Bernanke Action Figure!" I want one for Christmas (posted on James's Acount too, but missed).
VR

 

[350zCommTech]

Yields bottom testing again. They will likely move up from here unless there's a calamity. The F fund is too risky IMO.

View attachment 2403

 

[350zCommTech]

Here's my 2 cents for next week.


1510 held again and the long shadow(tail) looks very good.

View attachment 2404

 

[FogSailing]

Thanks Z...I think Monday's gonna be a barn burner...I just hope it's a positive one..

FS

 

[350zCommTech]

Heads up for Wednesday:

JPM (JP Morgan) reports before the bell. Thinking out loud at the moment, I don't think I want to be in the market in case they drop a bomb. We just heard today that Citi revised their 3Q earnings down.

But after the bell, Cisco reports. Then with BOE and ECB holding rates on Thursday morning, I'm thinking I fund for that day, as the dollar could do a sell the news.


F fund currently down 2 cents.

 

[Cortez]

Here's my 2 cents for next week.


1510 held again and the long shadow(tail) looks very good.

View attachment 2404

From a daily chart perspective, the next swing low needs be no lower than 1520 -1510. The market will not survive yet another challenge to the 1500-1490 area.

 

[FogSailing]

Hi Z:

I think your analysis of the week looks about right. The economic calendar data won't be important until the 7th and 8th...so tomorrow's news is what?

If S rallies today...will it hold positive through tomorrow? The S Fund continues to lag and we are all waiting for it to give us a payday...I'm not a fan of the I Fund right now..which is why I should probably get in it..This Chinese market news is something I don't like the smell of..

Right now I'm leaning towards staying 100% S for tomorrow.

Good Luck..

FS

 

[350zCommTech]

Hi Z:

If S rallies today...will it hold positive through tomorrow?
Good Luck..

FS

I think so, especially if there's no news at all.

GL.

 

[350zCommTech]

Moving everything to S just in case of a +FV.

 

[350zCommTech]

JPM (JP Morgan) reports before the bell. Thinking out loud at the moment, I don't think I want to be in the market in case they drop a bomb. We just heard today that Citi revised their 3Q earnings down.

US CREDIT-Economy at risk from bank lending pullback Mon Nov 5, 2007 3:27pm EST

There is a "symbiotic relationship between securitization that has led to cheap financing, that has driven consumption in the U.S., that has driven economic growth," Peters said.

But now "the securitization market for all intents and purposes is dead. It is extremely difficult to repackage and sell product here and that is going to have implications," he added.
Merrill Lynch and bond insurers Ambac Financial Corp and MBIA Inc are among the companies suffering from large write-downs of CDOs linked to risky residential mortgages, which led all three companies to third quarter losses. And write-downs by financial companies are far from over.

Total losses from writing down mortgage-linked securities could be as high as $200 billion, with financial institutions sitting on at least $60 billion in losses that have not yet been disclosed, JPMorgan said on Monday.
http://www.reuters.com/article/bondsNews/idUSN0554881220071105

$200B? Wow, the more they talk, the bigger it gets. I think it'll be bigger. The nuke is about to be launched. I'm getting out tomorrow.:worried:

 

[FogSailing]

Z:

I hope you're wrong about tomorrow's news....at least the Nikkei was up about 48 points as I write this...maybe we'll see the markets move positive tomorrow.

FS

 

[350zCommTech]

Z:

I hope you're wrong about tomorrow's news....at least the Nikkei was up about 48 points as I write this...maybe we'll see the markets move positive tomorrow.

FS

I was referring to Wednesday's news (JPmorgan). That was why I said I was getting tomorrow.

 

[350zCommTech]

I was referring to Wednesday's news (JPmorgan). That was why I said I was getting tomorrow.

WTF!!!!

Looks like I was lied to by Breifing.com. Yahoo's earnings calendar didn't show JPM for tomorrow so I did a search on Google and found that they had already reported on the OCT 17.

Somebody please give me a kick in the ASSS.

 

[350zCommTech]

I had originally planned on going I fund for Thursday but due to last night's bomb from China, the I fund is too risky. Here's why:

1) The China news caused the Yen to strengthen drastically overnight. This has the potential to unwind the Yen carry trade. If we don't get a turn around by the end of the day, Japan will be in free-fall tonight.

2) A turn around in the USM has the potential to cause a big +FV. Also, the dollar could regain it's losses, wiping out any gains in the I fund.

I'm currently in the F fund but I will be getting out today. Because of China, the F fund should be avoided.

I'm thinking G or S fund for tomorrow. If scenario #1 happens, the only safe place is G.

GL.

 

[350zCommTech]

Fed's Mishkin says oil prices should come down
By Greg Robb
Last Update: 10:37 AM ET Nov 7, 2007

WASHINGTON (MarketWatch) -- Federal Reserve Governor Frederic Mishkin said Wednesday that signs from the oil futures market indicate that high oil prices will begin to retreat. "The best bet is that oil prices will come down," Mishkin told the House Small Business Committee. Mishkin said the economy has remained very resilient despite the price of crude oil approaching $100 a barrel. Mishkin said oil's impact on business is much smaller than 20 years ago. Swings in oil prices are outside the Fed's control, he said. The Fed's job is to make sure temporary impact of a spike in oil prices on inflation don't spill over into a longer-term problem.
http://www.marketwatch.com/news/sto...9A-8016-4E9A-A5AB-8761DF518D19}&dist=hplatest

How do these idiots get to become Fed governors?

 

[Silverbird]

How do these idiots get to become Fed governors?

I think he's got the pom poms out and is trying to lead a cheer. :nuts: But he just doesn't look good in his FED team jersey.

 

[350zCommTech]

I think he's got the pom poms out and is trying to lead a cheer. :nuts: But he just doesn't look good in his FED team jersey.

Yup, he'll do well as a CNBC anchor.:laugh:

 

[ctkling192]

LOL

 

[350zCommTech]

1500 broken on the S&P. Next support at 1490, followed by 1482. If that doesn't hold....:worried: