350Z's I fund thread DEC 07

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what do you guys think tomorow will bring?

I'm thinking more pain. All day today, the market got saved at 1470, by the institutional money and YEN trading. It was all fun and games IMO.

The Feds big plan to restore liquidity to the credit markets is a joke. It won't work and the markets know it.

Citi just announce that they will bring $49B in SIVs back on their balance sheets. This came just a day after the Feds big plan announcement. So take a guest where you think they will get the money. This announcement, on the surface, has the ability to rally the markets tomorrow, but it will not be good for Citi's dividend.

On top of that, we have CPI in the morning. If it's anything like the PPI from today, it will rally the dollar and the F fund will take a hit again.

If we sell off hard tomorrow, I might think about getting back in for Monday. No big news on Monday on schedule.
 
CPI came in HOT!

0.8% CPI Expected 0.6%

0.3% Core Expected 0.2%

Yes, it's a no for the I fund, IMO. If CPI comes in hot just like the PPI, the dollar will be up a lot more.

As for C or S, I don't know. The CPI is about the only news tomorrow. Support for the S&P(1470 and 1464) is not too far away. A big drop today could cause a bounce tomorrow. But I don't think I want to gamble on the CPI, especially with yesterday's bearish reversal.

A few months ago I told everybody here that real inflation was on the rise. Most here didn't believe me. Well, the Gov. is finally admitting it.

I fund is currently down 46 cents, including a 15 cent +FVC.
 
A few days ago I took a gamble in the F fund looking for TNX to hit the 50ma. Well, we all know how that went, thanks to the Feds disappointment of the market on Tuesday.

Anyway, here is TNX today. It just bounced of the 50ma. If it can close just below that today, it might head back down on Monday. The danger of course, is a close above it, which could send it up towards the 200ma.

So, I'm thinking about the F fund for Monday. I'm not convinced that the selling is done. The market should be down 300 points due to the huge CPI.

View attachment 2830
 
A few days ago I took a gamble in the F fund looking for TNX to hit the 50ma. Well, we all know how that went, thanks to the Feds disappointment of the market on Tuesday.

Anyway, here is TNX today. It just bounced of the 50ma. If it can close just below that today, it might head back down on Monday. The danger of course, is a close above it, which could send it up towards the 200ma.

So, I'm thinking about the F fund for Monday. I'm not convinced that the selling is done. The market should be down 300 points due to the huge CPI.

View attachment 2830

Thanks for the chart 350Z,

I'm still trying to get a profitable play out of the F - Fund. I may hold my position or dca a little more in the f - fund today.

Thanks for keeping us informed. :D
 
Thanks for the chart 350Z,

I'm still trying to get a profitable play out of the F - Fund. I may hold my position or dca a little more in the f - fund today.

Thanks for keeping us informed. :D

Your welcome poolman.

It looks like institutional money is trying their best to keep this market from tanking. It worked yesterday but will it work today. Our deadline is coming up and we probably won't see anything big until this afternoon.

I fund currently down 43 cents, including a 15 cent +FVC.
 
A few months ago I told everybody here that real inflation was on the rise. Most here didn't believe me. Well, the Gov. is finally admitting it.

I fund is currently down 46 cents, including a 15 cent +FVC.

Yep, and the huge PPI will take time to trickle down into the next few CPI's.
 
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