All TSP Trends' Signals Are Red!

[Guest]

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I'm assuming that for those 'in the know' I'm not asking for anything more then a quick look and reflection. If I'm wrong, well don't trouble yourself. W_W

 

[Mike]

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I saw long range = green in C, S, and I, with intermediate being green in I.

The short term being red isn't surprising with the recent drop in the market (which would lead to the moving averages having a downward trend, as well as short-term trend lines falling below the longer term ones).

 

[Spaf]

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Wonder Woman wrote:

I'm assuming that for those 'in the know' I'm not asking for anything more then a quick look and reflection. If I'm wrong, well don't trouble yourself. W_W

Hi WW........ We are at maybe bottom fishing! ........ Risky!

Maybe 1163 was support! Maybe!

My risk tollerance says hold! Wait till confirmation that market says up:}. This may lag behind some profits. However I'm in capital preservation mode. G-Fund will meet my goals, am not in greed mode! Could care less at this point!

Rgds! :u Spaf

 

[Mike]

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The "herd" is 50% bearish according to Tom's comments. Get in with both feet soon and take advantage.

Hopefully the jobs data will come in at or a bit below 220k. A surprise to the upside will lead to a sell-off as inflation fears hit the market (a big jobs gain will likely signal a 0.5% hike next).

Based on the weekly filings going up for unemployment, I'm going to take a stab at this and say the jobs numbers will come in right around 200k - and perhaps a little lower than that. This is good for the long-term as it keeps the rate hikes manageable for the market.

Beware the oil prices though - they went up again yesterday. Someone (Goldman Sachs I think) put out a report saying that we're in the midst of a mega spike that could take us to $100 per barrel. I think that's a doomsday report and think there will be an upper limit on prices somewhere well short of that. If memory serves, secondary recovery at the wells becomes profitable when oil hits $80. That additional supply would put a lid on prices at that point.

Interestingly, demand for gasoline is 2% higher than a year ago, in spite of the record prices > $2 per gallon nationwide. Consumer spending and income were up by healthy amounts in February as well.

 

[Rolo]

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Mike wrote:

Interestingly, demand for gasoline is 2% higher than a year ago

Yeah,prolly went up right after I bought my turbo PT. I just bought another one, so expect another 2% jump, hehe.

Yesterday, I gotmy PT the ultimate accessory (no, not saraho, baha):

 

[Guest]

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spaf and Mike. I'll go back to my readings now. I finally got my books and one of these days I'll "know it all"

 

[mlk_man]

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I'd go all stocks tomorrow morning if you're not already. I really wanted to sell my S today and buy it tomorrow at a lower price, but things didn't look promising at noon though.............golly gee wally.................Did do it with my Roth though.......:^

I'm thinking tomorrow will be down since Greenspan is speaking again. About 1:30 or 2:00 pm I think. We shall see.

Just my humble opinion.

M_M

 

[Spaf]

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Last time he talked I remember a big flush!