Market Talk / April 22nd - 28th

[weatherweenie]

http://biz.yahoo.com/prnews/070425/sfw096.html?.v=80

CUPERTINO, Calif., April 25 /PRNewswire-FirstCall/ -- Apple® today announced financial results for its fiscal 2007 second quarter ended March 31, 2007. The Company posted revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share. These results compare to revenue of $4.36 billion and net quarterly profit of $410 million, or $.47 per diluted share, in the year-ago quarter. Gross margin was 35.1 percent, up from 29.8 percent in the year-ago quarter. International sales accounted for 43 percent of the quarter's revenue.

 

[Spaf]

The Kingdom of TSP
Daily Edition
April 25, 2007 Closing​

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

Kingdom Yak:
Pro-Yak....................................Averages for SPX still confirm bullish trend. Trading above 13d and 50d MA. Recent advances have seen higher volume. Stochastics slowly moving away from overbought conditions.

Con-Yak...................................SPX trades near top of bands suggesting pricing remains high.

Jester-Yak................................Three more trading days left in April!

Le Charts

Charts courtesy of www.stockcharts.com​

Doodles:
Stops.......................................Alert (-1%)....Trail (-2%)
.....SPX........1495.42 +15.01........1480.............1465

Dollar........................................81.43 -0.08 for the day.

Lube (NYMEX) Closed at...............65.84 +1.26 for the day.
Oil Markers.................................<60= ok, 60-65= worry, >65= panic.

Tea Leaves:
Yakndoodles...............................Green.

Tally Can
TSP Funds..................................G-fund, F-fund, C-fund, S-fund, I-fund.
Top 10 last 12 mo........................1.0 ......1.0 ......1.6 .....1.3 ......5.1
Today........................................2 made IFT(s), 20% bearish, 80% bullish.
Yesterday...................................3 made IFT(s), 40% bearish, 60% bullish.

The Barn Yard
Location.....................................100% G. Entry negated due to risk with previous low volumes. Not a good idea to chase a trend. Congrats to all the folks that stayed in!....

 

[Birchtree]

That graph is so pretty. I'll have to get out my old protractor and measure that angle of ascent - but it certainly looks like 60 degrees up. The bigger picture tells me that all of the bears, even the staunchest of them all, will eventually become bulls and will do so right near or at a top, so this will help in denoting levels of trend. I'm waiting on the day when the SPX can show us a gain of 30 points which become the norm.

 

[Spaf]

Timing the Top
Tops and bottoms share something in common. They rarely arrive when they're supposed to.

.....The bigger picture tells me that all of the bears, even the staunchest of them all, will eventually become bulls and will do so right near or at a top, so this will help in denoting levels of trend.....

But, I will write your observation in the margin......

 

[tsptalk]

Here is the Drudge Report's main headline right now. Actual font (cut and pasted)...

DOW SMASHES ALL-TIME HIGH

I'd be curious if anyone heard any local news broadcasts with the market in the top 2 or 3 stories on the day? Do tell.

 

[Wolverine]

Not sure if this is a top 2 or 3 story today but, early reports I am getting are that Wall Street wants to invite all those here at this board to the Hamptons this weekend for the big 13000 party.

Daffy is also in talks about not only doing a fly-by but, maybe doing a complete air show. Possible air show Friday afternoon down Wall Street with an added concert by Daffy and the Daffettes.

CNBC will be reporting all the hype as usual.

Stay tuned for further developments of more entertainment venues for this weekend.

 

[nnuut]

It's kinda like the difference of being 60 years old and 61, not much change there but it sounds bad or good in the case of the DOW!

 

[fabijo]

I'd be curious if anyone heard any local news broadcasts with the market in the top 2 or 3 stories on the day? Do tell.

I overheard them mention it right after American Idol. It's tough to say when during the news show they said it; I was doing homework when they reported.

 

[Spaf]

Yea they mentioned it on NBC, but then thats a referral to CNBC. Was a little scared to mention it cause I didn't want to be bitten by a "Shark".......

I wish "rokid" would post his Risk v Reward analyais more often. Reason being that folks should understand the two sides to ever coin.

Birchtree is a top 10% example of fund protection, diversification, and down right capitalism. But, we all are not in Birch's position (envy).......

 

[Show-me]

USD is making a run.

 

[weatherweenie]

08:00 am : S&P futures vs fair value: +2.2. Nasdaq futures vs fair value: +10.0. With the Dow finally eclipsing the psychologically important 13,000 mark yesterday, stocks look poised to pick up where they left off, trading higher. Kicking things off last night on an upbeat note was Apple (AAPL), which posted an 88% jump in Q2 earnings on robust iPod sales.
With regard to this morning, the busiest day of Q1 earnings reporting so far, investors also like what they see. Among the biggest surprises has been Ford Motor (F), which is up 10% in pre-market action after posting a much smaller than expected adjusted Q1 loss. Other notable blue chips besting analysts' estimates include Dow component 3M Co. (MMM), Aetna (AET), Bristol-Myers (BMY) and Cardinal Health (CAH).

 

[weatherweenie]

08:33 am : S&P futures vs fair value: +2.7. Nasdaq futures vs fair value: +9.5. Still shaping up to be another day of gains for the stock market as the bulk of earnings continue to check in better than Wall Street's lowered expectations. The biggest name hitting the wires since the last update has been Dow component Exxon Mobil (XOM), which handily topped forecasts, while fellow Energy sector component Valero Energy (VLO) followed up its solid Q1 report with an authorized $6.0 bln stock buyback. Separately, initial claims fell 20K to 321K (consensus 330K). That is the lowest level in a month and suggests labor conditions remain healthy. Futures have nudged slightly higher while bonds have weakened a bit; the 10-year note is down 3 ticks to yield 4.66%.

 

[Birchtree]

Only, only 32 points on the SPX needed for its' own new all-time high - then the money will begin to flow. The FTSE is not going to help the I fund today.

 

[Wolverine]

Sooooooo........Now the S&P party 1500 will be added to the Dow 13000 party.

Going to be a wild weekend at the Hamptons for sure.

 

[Show-me]

GLD and SLV take'n a thumping this morning. USD rally?

 

[Show-me]

Has anyone noticed the Victoria's Secret ads on Yahoo Finance? I find them very distracting. Would somebody contact them, I can't bring myself to complain. :nuts:

http://finance.yahoo.com/q/cq?s=^FT...EX,^MIBTEL,^OMXSPI,^BFX,OMXC20.CO,^OSEAX,^ATX

 

[Birchtree]

I made 2 points on LTD yesterday - pink is the word.

 

[Birchtree]

I just noticed we got 302 folks on line - going for a record I think. They must have heard something - excitement plus maybe. Catch the train because it is leaving the station. I got my new Converse sneakers on and I'm running in front of the train as my usual position. Running Fool should join me. Snort.

 

[weatherweenie]

I just noticed we got 302 folks on line - going for a record I think.

Uncle Sam is getting his dollars worth today! :cheesy:

 

[tsptalk]

I just noticed we got 302 folks on line - going for a record I think. They must have heard something - excitement plus maybe. Catch the train because it is leaving the station. I got my new Converse sneakers on and I'm running in front of the train as my usual position. Running Fool should join me. Snort.

I think it is probably a typical day but at the request of one of our members, I increased the automatic logoff time from 15 minutes to 1 hour. I think we'll see an increase in people being online as they are not getting kicked off as quickly if inactive.