FAB1 Account Talk

[FAB1]

good one today for you, way to go get some gain, fortune favors the bold.

I dont feel that bold - but it looks like our markets gains today, shaking off the fear that the global markets all seemed to share, is a good sign for more good things to come. We didnt break support. Today's optimism may bring them around tomorrow?

Have a good evening!

 

[FAB1]

Good Morning!

Maybe I was not far off the mark with my last post

06:59 am : [BRIEFING.COM] S&P futures vs fair value: +12.70. Nasdaq futures vs fair value: +16.50.

Nikkei...10586.02...+93.60...+0.90%.
Hang Seng...23122.42...+73.80...+0.30%.
FTSE...5987.10...+72.20...+1.20%. DAX...7277.68...+96.70...+1.40%.

Now if "evil oil" doesnt hold us down, or the dollar, or...

 

[KevinD]

Europe's looking good. Futures looking good.

Don't want to say too much but... :nuts:

 

[FAB1]

Stock futures are up sharply this morning. Their strength comes amid a pullback in oil prices, which trade with a 1.1% loss at $101.10 per barrel ahead of pit trade. The drop in oil prices follows word that Libya has entered peace talks.

Very good, we will see how that works out

Europe's major bourses have all swung to gains of more than 1%,

Thats nice

The latest U.S. ISM Services Index is due later this morning at 10:00 AM ET.

Before that, though, weekly initial jobless claims and final nonfarm productivity figures for the fourth quarter will be released at 8:30 AM ET.

Five minutes from ....now.

 

[FAB1]

SP500 is still down -2.34 in the last 7 trading days.

C,S, I - also still down since then.

we arent back to the highs of around 2nd week of Feb.

Buy low, sell high. (site Motto)

Who believes we are in a Bull market?
Besides, birchtree that is. :toung: (Me)

 

[Bquat]

SP500 is still down -2.34 in the last 7 trading days.

C,S, I - also still down since then.

we arent back to the highs of around 2nd week of Feb.

Buy low, sell high. (site Motto)

Who believes we are in a Bull market?
Besides, birchtree that is. :toung: (Me)

This is our second try for 1330 since the dip and if we don't form a high base here or break it, it may be a double top.On just news.

 

[FAB1]

This is our second try for 1330 since the dip and if we don't form a high base here or break it, it may be a double top.On just news.

I never believed in that THREES a CHARM stuff anyway :toung:

 

[FAB1]

S&P 1330 broken, now that didnt hurt did it? Onward!

 

[nasa1974]

S&P 1330 broken, now that didnt hurt did it? Onward!

1400 here we come.

 

[Bquat]

S&P 1330 broken, now that didnt hurt did it? Onward!

I don't think it's broken were like on it. Coin toss tomorrow but Fridays have been good lately.

I think today was an over reaction to the news and we may go down, but I was wrong this afternoon.:blink:

 

[FAB1]

08:36 am : [BRIEFING.COM] S&P futures vs fair value: -0.50. Nasdaq futures vs fair value: flat.

Stock futures have pulled back after a positive knee-jerk response to the latest official jobs report.

According to data, nonfarm payrolls increased 192,000 in February. The consensus among economists polled by Briefing.com had called for an increase of 185,000. Private payrolls increased by 222,000, which is greater than the increase of 198,000 that had been broadly expected. As an aside, nonfarm payrolls for January were revised upward to reflect an increase of 63,000, while private payrolls were revised upward to reflect an increase of 53,000. The headline unemployment rate for February fell from 9.0% to 8.9%, which is less than the 9.1% that had been widely anticipated. An 8.9% unemployment rate was last seen in April 2009.

This sounds pretty good to me, why did futures pull back? Oh well
I care only about the close - lol.

 

[FAB1]

I don't think it's broken were like on it. Coin toss tomorrow but Fridays have been good lately.

I think today was an over reaction to the news and we may go down, but I was wrong this afternoon.:blink:

:cheesy: Fine. Keep being wrong and we'll make money! :cheesy:

 

[Bquat]

Hey Buddy, you ok? Are you taking a post break today? I'm a little concerned. Maybe doing the three day weekend?:worried:

Bill

 

[FAB1]

Hey Buddy, you ok? Are you taking a post break today? I'm a little concerned. Maybe doing the three day weekend?:worried:

Bill

Ok here, just checking out some other sites. I will enjoy the two day weekend regardless!

 

[FAB1]

1:30 PM - Hey S funders we have only lost half the gains we made yesterday and the F fund has only gotten back half what they lost!

Plus you could be 100% I today

So things are looking up!

 

[FAB1]

The carnage was not too bad today. Now we have a nice mellow weekend to recuperate. Go fishing. Relax.

I hope everybody will be rested and ready to continue the mad ascension come Monday

 

[amoeba]

The carnage was not too bad today. Now we have a nice mellow weekend to recuperate. Go fishing. Relax.

I hope everybody will be rested and ready to continue the mad ascension come Monday

perhaps - - - but I'm concerned - - - at the beginning of this rally, bad employment numbers were shrugged off, and bought into; now, with some legitimacy in terms of employment (not good, but not getting worse, improving slowly); the market sells - and that - after a pretty stout buy-in the day before.

This is reminiscent of the December pullback; which was a bit longer than the one at the end of Jan/early feb; but at some point - like almost every year this past decade; we're gonna have 1-3 "corrections" each in the range of 10% or more; I mean hefty ones, that go close to the 200 DMA.

I do NOT plan to ride that roller coaster to the bottom; but I can ride the smaller moves out. Like this one. Now let's get done with Libya, get a huge bounce that we can sell into....and let everyone else wallow in misery.

 

[nasa1974]

The market started out good because of the job numbers. It is all about the oil right now. Which is a bunch of garbage. We are being taken to the cleaners for a few high rollers.

 

[FAB1]

The market started out good because of the job numbers. It is all about the oil right now. Which is a bunch of garbage. We are being taken to the cleaners for a few high rollers.

Yep! They are having a field day for now.

Libby-ya, we get a drop in the bucket of our oil there. :toung:

08:05 am : S&P futures vs fair value: -1.70. Nasdaq futures vs fair value: +1.10. Broad market stock futures have slipped to the neutral line as oil prices push higher ahead of pit trade.

Crude oil prices in the generic contract are now up 2.4% to a new two-year high of $106.90 per barrel *amid* ongoing social unrest and political turmoil in the Middle East and North Africa.

* At least they didnt lie and say because *

Consumer credit data for January are due at 3:00 PM ET.

And I am sure thats going to make a Beeg Difference, saheeb!

 

[FAB1]

If Krud Oil and stocks are both dropping what does that tell you?