Discuss Market Comments 01/21/11

Another down day, but... - Stocks were down again yesterday although we did see a nice intra-day reversal when buyers stepped in...

Market Commentary for 1/21/11

Current Daily Market Commentary

 

[FireWeatherMet]

Tom,

Per your daily wrap up... I also noticed the bounce off the 20-day EMA. Also noticed that the S&P closing price rode Cramers favorite short term EMA level (the 8-day).

I especially liked your chart on the days following a 1% dip.

One other thing headed into next week...unlike many Obama speeches where the market dips...this Tue evening State of the Union is likely to have a lot of positive economic sound bites with a more pro business flavor. No matter what side of the aisle anyone is in, it means that some artificially induced upside is likely...coinciding with our Sentiment Survey "buy" signal.

This has all made a "stay put in C/S" decision for me.

I don't want to sound like a broken record by repeatedly telling you what great information you put together on a a daily basis, but I'll say it again...GREAT JOB RUNNING A TOP NOTCH SITE!

 

[wvango]

Tom,

This maybe a stupid question. But, is there any type of Live TSP Ticker, that lets you see the separate TSP funds fluctuating based on what is going on with the stock market? I have never seen one…

 

[tsptalk]

Unfortunately not. As it is we have to wait over 3 hours to get the dail prices after the market closes.

Jayhawker's TSP Lookup spreadsheet was about the closest thing we had, but he doesn't maintain it anymore.

http://www.tsptalk.com/mb/showthread.php?t=4346&highlight=tsplookup

We just have to use the tracking indices to get an idea of what the funds will be doing.

 

[bobgrem]

On My Yahoo it gives realtime tickers for the Dow, Nasdaq and S&P. In addition, you can set up your own portfolio to run above that and include ^DWCPF ^W4500 EFA and anything else you'd like.
And, Tom and everyone else, let me add my kudos. I wish I had known about this site a long time ago!

 

[tsptalk]

Thanks FWM. You never know how the market will react to something like that. I agree, the spin will be positive as the news has been positive, but will we see a "sell the news" reaction, or will it be the confirmation reluctant investors need to make their move into the market?

There are a lot of folks out there who have given up on the stock market and that means there is a lot of money on the sidelines that might eventually be put to work. After 1 2-year rally the market has to has to be calling them. But someone let me know when they decide to buy so we know to get out.

Tom,

Per your daily wrap up... I also noticed the bounce off the 20-day EMA. Also noticed that the S&P closing price rode Cramers favorite short term EMA level (the 8-day).

I especially liked your chart on the days following a 1% dip.

One other thing headed into next week...unlike many Obama speeches where the market dips...this Tue evening State of the Union is likely to have a lot of positive economic sound bites with a more pro business flavor. No matter what side of the aisle anyone is in, it means that some artificially induced upside is likely...coinciding with our Sentiment Survey "buy" signal.

This has all made a "stay put in C/S" decision for me.

I don't want to sound like a broken record by repeatedly telling you what great information you put together on a a daily basis, but I'll say it again...GREAT JOB RUNNING A TOP NOTCH SITE!

 

[coolhand]

I got this from Intrepid a few years back. It has the four main funds. Although AGG and EFA are not quite the same as F and I, they are close.

http://finance.yahoo.com/q?d=s&s=^gspc,+^dwcpf,+efa,+AGG

Tom,

This maybe a stupid question. But, is there any type of Live TSP Ticker, that lets you see the separate TSP funds fluctuating based on what is going on with the stock market? I have never seen one…

 

[tsptalk]

That's right. Thanks.

And you can also click on the charts on the bottom of any page. Or you can use the Fund Index Quotes link in quotes menu near top left on most pages in the site (outside of the message board.)

On My Yahoo it gives realtime tickers for the Dow, Nasdaq and S&P. In addition, you can set up your own portfolio to run above that and include ^DWCPF ^W4500 EFA and anything else you'd like.
And, Tom and everyone else, let me add my kudos. I wish I had known about this site a long time ago!

 

[wvango]

Thanks Tom and Coolhand appreciate the response. thanks for the site as well.