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Market Talk / April 16 - 22
- Thread starter Spaf
- Start date
The_Technician
Market Veteran
- Reaction score
- 15
Interesting day
Dang if I would've thought it.......a good day....started weak this morning only to build steam all day.....
I got in today.... but I'm thinking I will get out tomorrow myself Nutt.......
Dang if I would've thought it.......a good day....started weak this morning only to build steam all day.....
I got in today.... but I'm thinking I will get out tomorrow myself Nutt.......
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
Well, Tech you never know what's going to happen next. A frog could fart in Africa and change everything.:notrust: Definately (most of the time) not a good idea to Buy High!! Yep, that's it ---> i'm in 100% tomorrow!! LOL! Really don't like the OIL thingy, Iran thingy, and all the other unknown thingys!! "AAAAAAHHHHHHHHhhhhhhhhhhhhhhhhhhhhhhSSSSSSSHHHHHHlllllllll" To Quote ROLO!!
Spaf
Honorary Hall of Fame Member
- Reaction score
- 45
Daily Yak
Yak, Doodles, Tea Leaves & The Tin Box
Kingdom Yak:
Market Yak..............................Stampede! Horseman Rats nearly trampled by bulls.
Other Yak................................Cartel monster collapses!
Doodles:
Socks [$SPX] Closed at..............1307.65, up +22.32
Volume (CMF) (money flow).........-0.054, increasing.
Averages (MACD) (trend)............-0.841, increasing.
Momentum (S-STO) (signal).........38.10, increasing.
Strength (RSI) Overbought/sold....[70] 57.63 [30]
Lube (NYM) Closed at..................73.09, up +1.11
Oil Markers................................<64= ok, 64-69= worry, >69= panic.
Tea Leaves:
Charts & Stuff............................Green
Tin Box:
Position.....................................80% Socks
Stops [$SPX].............................Alert: 1306. Trail: 1294.
The Kingdom of TSP
Daily Edition
April 18, 2006 Closing
Daily Edition
April 18, 2006 Closing
Yak, Doodles, Tea Leaves & The Tin Box
Kingdom Yak:
Market Yak..............................Stampede! Horseman Rats nearly trampled by bulls.
Other Yak................................Cartel monster collapses!
Doodles:
Socks [$SPX] Closed at..............1307.65, up +22.32
Volume (CMF) (money flow).........-0.054, increasing.
Averages (MACD) (trend)............-0.841, increasing.
Momentum (S-STO) (signal).........38.10, increasing.
Strength (RSI) Overbought/sold....[70] 57.63 [30]
Lube (NYM) Closed at..................73.09, up +1.11
Oil Markers................................<64= ok, 64-69= worry, >69= panic.
Tea Leaves:
Charts & Stuff............................Green
Tin Box:
Position.....................................80% Socks
Stops [$SPX].............................Alert: 1306. Trail: 1294.
D
Dave M
Guest
Ah, Sentiment
Like a coiled spring, wasn't it? Today is going to put me right back on track. D
Like a coiled spring, wasn't it? Today is going to put me right back on track. D
Birchtree
TSP Talk Royalty
- Reaction score
- 143
If I were short - I'd worry all night
Tomorrow will undoubtedly give us many new all-time highs on multiple indexes as we are already so close. I'm getting out my BIG BULL manure shovel and will be prepared to bury some bears and their short friends. This could be a classic breakout from an oversold position - or the bears will growl and all us snorters will run for the hills - except me, I'm staying in no matter what.
Robo, looks like Henry has a dilemma. Will he bleed for his cause or jump to cover. No pain no gain.
Tomorrow will undoubtedly give us many new all-time highs on multiple indexes as we are already so close. I'm getting out my BIG BULL manure shovel and will be prepared to bury some bears and their short friends. This could be a classic breakout from an oversold position - or the bears will growl and all us snorters will run for the hills - except me, I'm staying in no matter what.
Robo, looks like Henry has a dilemma. Will he bleed for his cause or jump to cover. No pain no gain.
Birchtree
TSP Talk Royalty
- Reaction score
- 143
I'm waiting
on the Chinese money that will start to roll on May 1,'06. Can you just imagine the demand they will create? Today should see some intraday profit taking but the BULLS are in charge and the shorts will start covering and create upside demand perhaps equal to yesterday. How about that - another 200 points or better just to reinforce the bullish trend. There is so much money on the sidelines waiting on a Primary Dow Theory buy signal, then it all breaks much higher. Glad to see we finally have a reluctant bull participating - that's the best kind of bull. Everyone have a good day.
Dennis - permabull #1
on the Chinese money that will start to roll on May 1,'06. Can you just imagine the demand they will create? Today should see some intraday profit taking but the BULLS are in charge and the shorts will start covering and create upside demand perhaps equal to yesterday. How about that - another 200 points or better just to reinforce the bullish trend. There is so much money on the sidelines waiting on a Primary Dow Theory buy signal, then it all breaks much higher. Glad to see we finally have a reluctant bull participating - that's the best kind of bull. Everyone have a good day.
Dennis - permabull #1
The_Technician
Market Veteran
- Reaction score
- 15
nnuut said:Well, Tech you never know what's going to happen next. A frog could fart in Africa and change everything.:notrust: Definately (most of the time) not a good idea to Buy High!! Yep, that's it ---> i'm in 100% tomorrow!! LOL! Really don't like the OIL thingy, Iran thingy, and all the other unknown thingys!! "AAAAAAHHHHHHHHhhhhhhhhhhhhhhhhhhhhhhSSSSSSSHHHHHHlllllllll" To Quote ROLO!!
ROLOL!!!!! Yeah, I think we had a "caboommm threat" yesterday, maybe that's reason enough to justify my income increase by 120%.....it would be no different than the low class Congressmen, CEO's and others running the oil companies around here.....what a monopoly....they used the Greenpeace angle to "regulate" competition from the oil companies......antitrust and such is rolling over today.....
I had been expecting the dollar to strengthen some for a short period....looks like thats out the door also.....I'm expecting the dolllar to lose strength in the long run....maybe that won't happen either.....
see this on the bull market....
http://money.cnn.com/2006/04/19/markets/markets_peak/index.htm
I have a second date of concern.....since the last one didn't hold ....this one could be more pertainent....8th of May......so be careful.....this is one of the reasons I felt safe enough to get in yesterday....
Last edited:
Show-me
TSP Legend
- Reaction score
- 104
Looks like the S&P bounce of off the 50 day MA with a "Rumor" rocket booster. Is that not the idea buy on the rumor sell on the news? Keep it simple for the simpletons like me. I see a nice tight trading range with positive divergence. I would seem that the only thing that would effect the market drastically neg. or pos. is drastic news. We are getting numb to the high oil, high gold, exporting job, and all of the nut cases and concentrating more on growth and business in general. Sound like IMHO no matter how high oil prices go the market will compensate. $90 oil here we come. Oil sands baby!
CPI is .4, not bad.
CPI is .4, not bad.
James48843
TSP Talk Royalty
- Reaction score
- 907
Re: Jump back Jack
As I said yesterday, I rode the bull up here, and now I am going to bail.
Today, moving away from: 60% I and 40% S,
into: 80% "G" fund, and 10% each for I and S.
I figure I rode the I and S up nicely to new all-time highs, but the threat of oil reverberating through the economy is scaring me off to the sidelines to see how things shake out. I will leave just enough (10% each in I and S) to possibly take advantage of anything upward over the next couple days until I can get a better picture on direction, but I am putting 80% in "G" just to save for a better buying opportunity. The one thing I've learned is that if you are in 100% stocks when you hit new highs, chances are you can buy back a little cheaper if you have the abilty to watch from the sidelines for a retrace. So that is what I am doing.
Have a great one. Let's see if my trade can get through today. I hope so.
James48843 said:
As I said yesterday, I rode the bull up here, and now I am going to bail.
Today, moving away from: 60% I and 40% S,
into: 80% "G" fund, and 10% each for I and S.
I figure I rode the I and S up nicely to new all-time highs, but the threat of oil reverberating through the economy is scaring me off to the sidelines to see how things shake out. I will leave just enough (10% each in I and S) to possibly take advantage of anything upward over the next couple days until I can get a better picture on direction, but I am putting 80% in "G" just to save for a better buying opportunity. The one thing I've learned is that if you are in 100% stocks when you hit new highs, chances are you can buy back a little cheaper if you have the abilty to watch from the sidelines for a retrace. So that is what I am doing.
Have a great one. Let's see if my trade can get through today. I hope so.
The_Technician
Market Veteran
- Reaction score
- 15
Yesterday and today-Jan 1
Yesterday and today remind me of Jan 1st......but I expect the oil/gas will take its toll.....
Yesterday and today remind me of Jan 1st......but I expect the oil/gas will take its toll.....
vectorman
TSP Pro
- Reaction score
- 21
Re: Yesterday and today-Jan 1
Data for tomorrow, none for friday.
http://www.nasdaq.com/asp/econodayframe.asp?page=http://www.nasdaq.com/econoday/index.html
Data for tomorrow, none for friday.
http://www.nasdaq.com/asp/econodayframe.asp?page=http://www.nasdaq.com/econoday/index.html
Spaf
Honorary Hall of Fame Member
- Reaction score
- 45
Daily Yak
Yak, Doodles, Tea Leaves & The Tin Box
Kingdom Yak:
Market Yak..............................Socks pulled higher in choppy waters.
Other Yak................................CPI dents market cart. Energy gains spilling over.
Jester Yak...............................Lube at $36 a barrel......cap.27.5 gal.
Doodles:
Socks [$SPX] Closed at..............1309.93, up +2.28
Volume (CMF) (money flow).........+0.039, increasing.
Averages (MACD) (trend)............+1.876, increasing.
Momentum (S-STO) (signal).........60.70, increasing.
Strength (RSI) Overbought/sold....[70] 58.78 [30]
Lube (NYM) Closed at..................72.17, up +0.82
Oil Markers................................<64= ok, 64-69= worry, >??= panic.
Tea Leaves:
Charts & Stuff............................Green
Tin Box:
Position.....................................50% Socks
Stops [$SPX].............................Alert: 1306. Trail: 1294.
The Kingdom of TSP
Daily Edition
April 19, 2006 Closing
Daily Edition
April 19, 2006 Closing
Yak, Doodles, Tea Leaves & The Tin Box
Kingdom Yak:
Market Yak..............................Socks pulled higher in choppy waters.
Other Yak................................CPI dents market cart. Energy gains spilling over.
Jester Yak...............................Lube at $36 a barrel......cap.27.5 gal.
Doodles:
Socks [$SPX] Closed at..............1309.93, up +2.28
Volume (CMF) (money flow).........+0.039, increasing.
Averages (MACD) (trend)............+1.876, increasing.
Momentum (S-STO) (signal).........60.70, increasing.
Strength (RSI) Overbought/sold....[70] 58.78 [30]
Lube (NYM) Closed at..................72.17, up +0.82
Oil Markers................................<64= ok, 64-69= worry, >??= panic.
Tea Leaves:
Charts & Stuff............................Green
Tin Box:
Position.....................................50% Socks
Stops [$SPX].............................Alert: 1306. Trail: 1294.
Birchtree
TSP Talk Royalty
- Reaction score
- 143
Robo,
You are correct - I humbly made more money yesterday in one day than ever before and did some more targets down today. I think many of our participants are taking profits off the table too soon - thinking they are getting out on an intermediate term top - when actually it's only a weigh station - before more highs are achieved. No fear here. Plan to stay with the BULL until 11,722 is reached - and then I still won't get off the darn ride. The C fund is just waiting for mom and pop chinese money that will surely land soon. Common sense dictates sell some metals and oil service - but I can't - simply frozen in time - if I wait long enough there will be splitters. Isn't this fun when all the ducks are lined up - gotta keep looking for that darn blind side though - they hurt like hell if the slap is big enough. Take care and thanks again for sharing your valuable information.
Dennis
You are correct - I humbly made more money yesterday in one day than ever before and did some more targets down today. I think many of our participants are taking profits off the table too soon - thinking they are getting out on an intermediate term top - when actually it's only a weigh station - before more highs are achieved. No fear here. Plan to stay with the BULL until 11,722 is reached - and then I still won't get off the darn ride. The C fund is just waiting for mom and pop chinese money that will surely land soon. Common sense dictates sell some metals and oil service - but I can't - simply frozen in time - if I wait long enough there will be splitters. Isn't this fun when all the ducks are lined up - gotta keep looking for that darn blind side though - they hurt like hell if the slap is big enough. Take care and thanks again for sharing your valuable information.
Dennis
robo
TSP Legend
- Reaction score
- 471
Sell in May and Go Away
What to do after you sell in May.
http://www.marketwatch.com/News/Sto...81D-4DA4-9ED2-4A9535A5C9E4}&siteid=mktw&dist=
What to do after you sell in May.
http://www.marketwatch.com/News/Sto...81D-4DA4-9ED2-4A9535A5C9E4}&siteid=mktw&dist=
Spaf
Honorary Hall of Fame Member
- Reaction score
- 45
Re: Sell in May and Go Away
robo,
Maybe March, maybe April, maybe May. Your gonna need the Stock Trader's Almanac 2006. Lotta good reading. It will ward off any evil spirits in trading!
http://www.amazon.com/gp/product/04...2446-3147125?_encoding=UTF8&v=glance&n=283155
Rgds!...............
................Spaf
robo said:
robo,
Maybe March, maybe April, maybe May. Your gonna need the Stock Trader's Almanac 2006. Lotta good reading. It will ward off any evil spirits in trading!
http://www.amazon.com/gp/product/04...2446-3147125?_encoding=UTF8&v=glance&n=283155
Rgds!...............
................Spaf
