350Z's I Fund Thread JAN 08

[Show-me]

Both the Nikk 225 & 300 are near their 2007 lows:

Nikk 225 2007 low:

16,669.80

It is now at 14,691.41


Nikk 300 2007 low:

287.51

It is now at 288.39

Not very happy campers coming off of a long holiday.

 

[Robo5555]

Not at all!!! Over 4% down.

 

[Rod]

Futures are green... probably because of the Iowa Caucus.

GO HUCK!

 

[FUTURESTRADER]

nikkei only 1/2 session tonite?

 

[350zCommTech]

nikkei only 1/2 session tonite?

Yes, imagine that...

 

[airlift]

Does anyone know how to play this market after the economic data? Low economic growth and high inflation seem to be in the works. Opinions will be appreciated.

 

[poolman]

Does anyone know how to play this market after the economic data? Opinions will be appreciated.

There are so many variables involved. Everything must be taken into consideration. Obviously the economy is slowing. You must create your own system to be successful. It appears that the right play yesterday was to get into the F - Fund for today's action. That is an example. I only went 25% F . Why because I was not sure of the job's report. I hope I have helped a little.

 

[airlift]

Thanks!

 

[Show-me]

There are so many variables involved. Everything must be taken into consideration. Obviously the economy is slowing. You must create your own system to be successful. It appears that the right play yesterday was to get into the F - Fund for today's action. That is an example. I only went 25% F . Why because I was not sure of the job's report. I hope I have helped a little.

Ditto!

 

[DCguy]

I just checked my TSP deposit and it hasnt hit my account either. But, my regular paycheck didnt hit my bank until Wed. I guess the TSP deposit will hit tonight?

My money's not in yet.

 

[fedgolfer]

bad jobs number and futures don't like it although they seem to have caught a temporary bottom. QID and SKF finally falling through support, SPY and QQQQ finally breaking resistance... this is all pre-market.

I think the only thing helping the I is the falling $... perhaps in early anticipation of fed action.

Anyone think the indices have a chance of closing the gap down today?

If we close the gap and finish at or above yesterdays close, you'd think the market anticipates fed action/cuts and may have a temporary bounce up.

If we don't close the gap and close below, then we see more ugly candlesticks. Who knows how bad it can get with retail panic?!

 

[Robo5555]

My money's not in yet.

Not yet....maybe I'll go in tonight and we can buy cheaper shares in the I fund.

 

[350zCommTech]

Currently down 21 cents. The dollar continues to fall thanks to the jobs data.

It fell through 76, finally.

View attachment 2986

 

[350zCommTech]

S&P fills the Nov 28th gap and the markets are trying to bounce. I don't think it's going to work. The market wants an inter-meeting rate cut. What happens if they don't get it and realize they have to wait until the Fed meeting?

View attachment 2987

 

[350zCommTech]

Current estimate:

Down 29 cents.

 

[dickster]

Do you think an inter-meeting rate cut possibility is real? The jobs report is a real negative but do you really think that it will be enough to make the fed straddle the inflation fence with a rate cut before the meeting?

 

[350zCommTech]

Do you think an inter-meeting rate cut possibility is real? The jobs report is a real negative but do you really think that it will be enough to make the fed straddle the inflation fence with a rate cut before the meeting?

Yes, I think it's real. The job report was actually much worst than the headline.

Unemployment at 5%? It was probably more like 7%-8%. I just don't think they will cut today.

 

[350zCommTech]

NDX is now testing the 200dma. If this doesn't hold...look out below.....

SPX needs to hold at 1407 or we will see 1370.

 

[Frixxxx]

Yes, I think it's real. The job report was actually much worst than the headline.

Unemployment at 5%? It was probably more like 7%-8%. I just don't think they will cut today.

I agree 350, The foreclosures and unemployment here in California is just getting ridiculous. I see some serious economic slumps (I'm trying not to use the word "crash") even if the fed cuts rates it still won't get us going. I may just go sideline for the next month to keep what I got.

 

[350zCommTech]

NDX is now testing the 200dma. If this doesn't hold...look out below.....

Isn't that cute?

View attachment 2988