Bquat's Account Talk

[nnuut]

Maybe this?
U.S. Stocks Fluctuate as Consumer Confidence Increases
By Michael P. Regan - Nov 27, 2012 10:03 AM ET
The Conference Board’s confidence index climbed to 73.7, the highest since February 2008, from a revised 73.1 reading the prior month, figures from the New York-based private research group showed today. The median forecast of 75 economists surveyed by Bloomberg projected a reading of 73.
An earlier report from the Commerce Department showed bookings for non-defense capital goods excluding aircraft, a proxy for future business investment, rose 1.7 percent last month, the most since May. Orders for all durable goods were little changed, beating the median forecast of economists. The S&P/Case-Shiller index of home prices in 20 cities climbed 3 percent in September from the prior year, the most since 2010.

S&P 500 futures pared gains before the start of trading after Federal Reserve Bank of Dallas President Richard Fisher said he advocates limits on quantitative easing.

U.S. Stocks Fluctuate as Consumer Confidence Increases - Bloomberg

 

[Bquat]

It was good, but the dollar is spiking with the good news from Greece which doesn't make sense, give it time.

Well we need to define if we're in a bear or bull market. Midterm trend has been down but short term is up and we're above the 200 day. Since the short term support line (dark red) has become resistance I say bear.:worried:

 

[Bquat]

Not giving up yet on the down side but it's fighting me. Don't make me contrary again.

 

[nnuut]

I'll probably stay in just one more day, the GDP Thursday scares me along with the over bought thing, too much politics envolved to use logic.

 

[Bquat]

I'll probably stay in just one more day, the GDP Thursday scares me along with the over bought thing, too much politics envolved to use logic.

Ok, I think all the bad news will come out soon. I still feel too many things were revised in the wrong direction.:notrust: Hang in theer buddy we are coiled for the big move.:worried:

 

[Birchtree]

I can feel the tension building to blow a big hole through 1419 - we just need mention of some spending cuts on the cutting board.

 

[Bquat]

Would cutting Social Security, CSRS Pensions and Military Pensions 5% cross the board be good enough for you? :blink:

If they cut everything the goverment pays out 5%, prices would drop 5% also. Remember every time we got a raise the cost of insurance and food would go up. Every time the amount to colleges went up tuition went up. So trickly down across the board.

 

[nnuut]

Would cutting Social Security, CSRS Pensions and Military Pensions 5% cross the board be good enough for you? :blink:

You forget FERS!

 

[Bquat]

Yoy forget FERS!

I'm FERs, I'll take the 5% cut if everyone else takes it.

 

[Bquat]

Ok, I think all the bad news will come out soon. I still feel too many things were revised in the wrong direction.:notrust: Hang in theer buddy we are coiled for the big move.:worried:

We got the big 1% move down and some retracement back up. Everyone and my brother would love for us to stay in this 1% high base trading range and build strength.:notrust: We have increasing volume on the red candles showing the holiday reversal is over. Housing sales could help but it might already be priced it with the news pumping the news of higher housing starts and home prices going up which is almost the same thing. Both sides seem to still positioning themselves on the fiscal clift. They just don't get it. Eventually no party will be the best party. So it continues and the market becomes news based until it's solved and technical analysis can be part of the market again. So my TA sees more down short term unless we go up.:worried: You likey, like. You no likey, post comment or chart. Chart from BottomoftheTracker.com

 

[Bquat]

Anyone nervious?:worried::worried: If the 200 day doesn't hold.

 

[Bquat]

That kick butt good news would be good right about now.:worried:

 

[Bquat]

Well were right at that 1% loss point where the market decides the next level, but no I can't wait and watch it. I got to go bowl. I hope it bounces for you that are in.:notrust:

 

[SkyPilot]

The cost of insurance and food have gone up, but I have been aced out of raises for two years now...

If they cut everything the goverment pays out 5%, prices would drop 5% also. Remember every time we got a raise the cost of insurance and food would go up. Every time the amount to colleges went up tuition went up. So trickly down across the board.

 

[Bquat]

That kick butt good news would be good right about now.:worried:

There you go kick butt reversal of fortune. Didn't expect that good of news.

 

[Bquat]

Ok, I give up you tell me. What? A little louder plz.

 

[Birchtree]

I think a 20 point gain on the SPX tomorrow would just about do it - set us up for a hard up hill run into the Christmas rally. It's going to be a great time to be long.

 

[Bquat]

I think a 20 point gain on the SPX tomorrow would just about do it - set us up for a hard up hill run into the Christmas rally. It's going to be a great time to be long.

Today was saved by the speaker of the house saying he would agree on tax deal. It ain't even happened yet. I can't fight the news.

 

[Bquat]

Was just the news strong enought to take the 50 day. It's just a fraction above the 1% mark the market or computer programs makes a decision.

 

[Bquat]

Today was saved by the speaker of the house saying he would agree on tax deal. It ain't even happened yet. I can't fight the news.

Now he says nobody want to deal. Should people with this much say speak? So easy up easy down?