Market Talk / April 15th - April 21st

[ATCJeff]

Any bets on a 23 point banger for the C fund tomorrow?

I'll take it. I fund will smoke them all.

 

[Spaf]

Hi Birch,

I think the Monday sprint of +15.62 [SPX] was too much. +7.00 would have been better. The odds are against momentum until we pause or pull back.

 

[Birchtree]

I think today was a pause that refreshes - the A/D line was even.

 

[vic]

I'm in the I fund, but I agree with Birsh. The C fund is ready to explode

 

[weatherweenie]

[BRIEFING.COM] S&P futures vs fair value: -5.7. Nasdaq futures vs fair value: -9.0. Pre-market sentiment continues to deteriorate as the futures market slips deeper below fair value. On a positive note, JP Morgan Chase (JPM) handily topped Wall Street expectations and authorized a new $10 bln stock buyback program while fellow Dow component United Technologies (UTX) beat consensus estimates and reaffirmed its full-year earnings outlook. Be that as it may, the disappointments from so many tech bellwethers have left investors questioning the influential sector's growth prospects and the sustainability of recent market gains. It is also worth noting that the absence of any notable economic data this morning is placing even more emphasis on earnings and guidance.​

 

[Birchtree]

Trains are running on time today - magic number for the DJTA is 5178.37.

 

[airlift]

Today I am finding the TSP talk threads too slow to navigate.

 

[Birchtree]

I'm thinking possible triple banger - but we need 24 more points on the DJTA. That would give us another confirmation on the Dow Theory - someone sing a song.

 

[airlift]

We got rid of the esoteric rainmakers, and are now bidding for the sunshine boys to lift the markets. Hope it works!

I'm thinking possible triple banger - but we need 24 more points on the DJTA. That would give us another confirmation on the Dow Theory - someone sing a song.

 

[weatherweenie]

:suspicious: c'mon S fund, you lagger!!!

 

[Birchtree]

There she was just a walkin down the street singing doo wa diddty ditty dumb ditty doo. Snort.

 

[weatherweenie]

http://yahoo.reuters.com/news/artic...4-18_20-15-43_WAA000098&type=comktNews&rpc=44

SAN FRANCISCO, April 18 (Reuters) - Online auction leader eBay Inc. (EBAY.O: Quote, Profile , Research) reported on Wednesday quarterly results that beat Wall Street expectations and said its outlook for the rest of the year would be at the high end of analysts' predictions. EBay posted a 52 percent jump in net profit on a 27 percent revenue rise, led by growth in its core auctions business and the rising prominence of international sales.

 

[fabijo]

:suspicious: c'mon S fund, you lagger!!!

Yeah! What's wrong with you... you S!!!

 

[ebbnflow]

I think I read somewhere that when the dollar is weak it tends to favor the C-fund (big caps). Or is it the other way around?

 

[airlift]

I suppose that the C fund will be the 1st beneficiary, but if there is sufficient money on the sidelines, a spill over effect occurs into medium and small caps.

 

[ebbnflow]

Many Savers, Few Spenders Leave South China Mall Almost Empty

By Matthew Benjamin and Nipa Piboontanasawat
April 17 (Bloomberg)

...Chinese reluctance to spend and eagerness to save is the mirror image of attitudes in the U.S. While China's savings rate is the highest of all major economies, the U.S. rate is negative. Until spending and savings patterns in China and the U.S. change, trade imbalances will grow worse, officials say...

Read the rest here: http://www.bloomberg.com/apps/news?
---------------------
Sounds like the Chinese haven't heard of plastic, yet. Visa, American Express, hello!!!

 

[ATCJeff]

Today I am finding the TSP talk threads too slow to navigate.

It was very slow for me also today @ 11:45

 

[vectorman]

It was very slow for me also today @ 11:45

Slow for me too. I was teasing Tom that all the people trying to get into the site today might be a sign of market topping.:laugh:

 

[ATCJeff]

Does anyone else feel this bull is tired? Looks like were running out of steam. Someone give the bull some food!

 

[Spaf]

The Kingdom of TSP
Daily Edition
April 18, 2007 Closing​

Yak, Le Charts, Doodles, Tea Leaves, The Tally Can and The Barn Yard

Kingdom Yak:
Pro-Yak....................................SPX remains bullish trading above the 13d and 50d MA.

Con-Yak...................................SPX is in a pause. Price is high. Stochastic > 80 = overbought, momentum is not sustainable.

Jester-Yak................................Break time!?

Le Charts

Charts courtesy of www.stockcharts.com​

Doodles:
Stops.......................................Alert (-1%)....Trail (-2%)
.....SPX........1472.50 +1.02.........1458.............1444

Dollar........................................81.70 -0.11 for the day.

Lube (NYMEX) Closed at...............63.13 -0.03 for the day.
Oil Markers.................................<60= ok, 60-65= worry, >65= panic.

Tea Leaves:
Yakndoodles...............................Yellow.

Tally Can
TSP Funds..................................G-fund, F-fund, C-fund, S-fund, I-fund.
Top 10 last 12 mo........................3.5 ......1.0 ......0.0 .....2.5 ......3.0
Today........................................2 made IFT(s), 45% bearish, 55% bullish.
Yesterday...................................2 made IFT(s), 40% bearish, 60% bullish.

The Barn Yard
Location.....................................100% G