Carnac's Corner

[The_Technician]

The Morning "Eye" Report

The morning is looking fair for the I.....its down .04, but its early on. The Nikkie has falter some, but looks to be rebounding, the FTSE is doing Fair and the majority of the major players seem to be in the black for today.

The dollar is expected to weaken some over the next couple of hours...but not looking for any record breaken levels to be reached today.

Consensus, looking for the I to settle in a fair even return for today....

Carnac, (Been looking at the "Eye" in the Crystal Ball ....a.k.a. "EyeBall" )

 

[The_Technician]

Re: The Morning "Eye" Report

The morning is looking fair for the I.....its down .04, but its early on. The Nikkie has falter some, but looks to be rebounding, the FTSE is doing Fair and the majority of the major players seem to be in the black for today.

The dollar is expected to weaken some over the next couple of hours...but not looking for any record breaken levels to be reached today.

Consensus, looking for the I to settle in a fair even return for today....

Carnac, (Been looking at the "Eye" in the Crystal Ball ....a.k.a. "EyeBall" )

From the EyeBall...

I has rebounded some as high as a penny down, currently we're 2 pennies down.....The Nikkie looks like it will rebound this week from todays low....Europe has been pumping pretty well this morning..... the most heavily weighted markets should perform better this week....

The dollar lost 17 cents since Friday....looks to firming to rebounding some for the next couple of hours...the I likely will hold its current level for today....

F fund looks like it will pare off this week.



Carnac

 

[The_Technician]

Re: The Morning "Eye" Report

From the EyeBall...

I has rebounded some as high as a penny down, currently we're 2 pennies down.....The Nikkie looks like it will rebound this week from todays low....Europe has been pumping pretty well this morning..... the most heavily weighted markets should perform better this week....

The dollar lost 17 cents since Friday....looks to firming to rebounding some for the next couple of hours...the I likely will hold its current level for today....

F fund looks like it will pare off this week.



Carnac

"From the EyeBall"

EZ is letting us down, Dollar also....I fund is down 6 cents so far this morning....looking for the dollar to lose some value before cutoff, but drastic moves in the forex is cancelling expectation...FTSE and Nikkie is prime for a rebound this week....

Carnac

 

[The_Technician]

Re: The Morning "Eye" Report

"From the EyeBall"

EZ is letting us down, Dollar also....I fund is down 6 cents so far this morning....looking for the dollar to lose some value before cutoff, but drastic moves in the forex is cancelling expectation...FTSE and Nikkie is prime for a rebound this week....

Carnac

]"From the EyeBall"

Going going gone.....she's sinking Spaf!!!

I guess I'll check my guts on this one....its time for the Men to be separated from the boys.....

Carnac

 

[nnuut]

What was that you were saying about the "F" fund?

 

[The_Technician]

What was that you were saying about the "F" fund?

Pare off this week.....???

 

[nnuut]

Thanks!

 

[The_Technician]

Re: The Morning "Eye" Report

From the "Eye" Ball...

We're either even or down a penny this morning.....overseas just hasn't responded substantially to yesterdays local market.....dollar should drop some value by noon, like I said "should" given the I something to yak about....

The Crystal Ball rules....

Carnac

 

[The_Technician]

Re: The Morning "Eye" Report

From the "Eye" Ball...

We're either even or down a penny this morning.....overseas just hasn't responded substantially to yesterdays local market.....dollar should drop some value by noon, like I said "should" given the I something to yak about....

The Crystal Ball rules....

Carnac

From the "Eye" Ball...

We're either even or up a penny this morning.....overseas responded to todays dollar strengthening... opposite of what was expected this morning.... ........watch out on the FV correction of -.15

The Crystal Ball rules....

Carnac

 

[The_Technician]

I got the I at +.02 this time around....

The Crystal Ball rules....

Carnac

 

[Gilligan]

I got the I at +.02 this time around....

The Crystal Ball rules....

Carnac

I've got +.07 before any FV or correction

 

[The_Technician]

I've got +.07 before any FV or correction

Looks like we got the +4 action

The reason I got out today was primarily speculation .....since the return today was only up 2 cents on my calculations at due time....I figured they would have to make a run tomorrow to compensate the -.15 FV without losing their a$$.....since the local markets seems to be mostly topped out today I was expecting local market tomorrow to be about even or negative (morning action important here), therefore possibly causing EZ to falter in their afternoon tomorrow.....

In this case it was just better to get out today rather than go thru the hassle to generate high blood pressure tomorrow....:blink:

The Nikkie and the Ordinaries action at the moment doesn't surprise me....wait till we see the EZ tomorrow afternoon their time, that will be the surprise.....

Looking forward for more action on the I soon myself....but I think we're going to see some settling for a bit before it produces alot again....the Nikkie and FTSE are prone to prosper a bit but they may not given a slack economy here....the rest of the indexs included in the I fund (the other 50% or so) look prone to falling....and again they will fall as our economy weakens....Corporate profits are just starting to wane a bit and I expect them to wane for at least a year....see the WalMart Index.....if you know what I mean...meantime, the dollar will weaken some immediately but I expect it to strengthen for the near future out 6 months....

The Crystal Ball rules....

Carnac

 

[The_Technician]

Re: The Morning "Eye" Report

From the "Eye" Ball...

We're up ten pennies this morning........ could it be enough to compensate for the FV, we should know later on in the day but at the moment the EZ didn't follow the Asia lead of +2%, the dollar lost some strength but hasn't fully committed to that cycle yet....... ........watch out on the FV correction of -.15

The Crystal Ball rules....

Carnac

 

[The_Technician]

The Crystal Ball

Considering the readings from the ball, CSI look to be overbought....F seems to be topped out... ..day to day investment looks prime...

The G fund (Birchy's sissy fund) is looking pretty good at the moment...:worried:


The Crystal Ball rules....

Carnac

 

[The_Technician]

Re: The Morning "Eye" Report

From the "Eye" Ball...

We're up ten pennies this morning........ could it be enough to compensate for the FV, we should know later on in the day but at the moment the EZ didn't follow the Asia lead of +2%, the dollar lost some strength but hasn't fully committed to that cycle yet....... ........watch out on the FV correction of -.15

The Crystal Ball rules....

Carnac

EZ is giving up the ghost....I is up only 6 cents now....hmmmm, may be a bad day for international's

I just state that the data included the 15 cent FV......

 

[Oldcoin]

The Crystal Ball

Considering the readings from the ball, CSI look to be overbought....F seems to be topped out... ..day to day investment looks prime...

The G fund (Birchy's sissy fund) is looking pretty good at the moment...:worried:


The Crystal Ball rules....

Carnac

Okay Tech, you need to educate me on this one. For the I fund on the daily chart I have the RSI at 51.66 Slo STO K & %D around 48/49 and the MACD at .124. All are neutral overbought/sold. So what indicator are you using for overbought? I'll go along with you on the C&S. Thanks, I sometimes worry that I'm looking at the wrong thing!

 

[The_Technician]

Okay Tech, you need to educate me on this one. For the I fund on the daily chart I have the RSI at 51.66 Slo STO K & %D around 48/49 and the MACD at .124. All are neutral overbought/sold. So what indicator are you using for overbought? I'll go along with you on the C&S. Thanks, I sometimes worry that I'm looking at the wrong thing!

My short term stoch's indicate the EAFE is overbought, mids are high...but its more than that, its the dollar value and overseas markets, the comment I made yesterday about the overseas markets (50%) are high, while the other 50%, the FTSE and NIkkie are low....essentially, the dollar going up and down will make the big difference for the near term, but the local economics will pull it down....durable goods and new home sales indicate a negative day and following months....therefore the consensus will be neutral or down....

 

[Oldcoin]

Hey, thanks….I have to agree with you that the $ has room to move up which would mute any gains on the I. Sometimes the I fund is like trying to doge those carp on the Mississippi….you just never know where they’re coming from.

 

[The_Technician]

Re: The Morning "Eye" Report

Looks like the housing data didn't affect the local or market overseas...good for the I, bad for me...I got out yesterday speculating a downturn....

I is up about 11 cents with the .15 FV included....

 

[The_Technician]

Re: The Morning "Eye" Report

From the "EyeBall"

Overseas markets are up a bit, I is down a bit given the I a +8 cent return so far this morning.

I wonder if this is going to keeep going on and on....I anticipate a reprieve sometime here sooner or later....thought today would have been a start.....:notrust:

Carnac