Market Talk / April 9 - 15

Daily Yak

The Kingdom of TSP
Daily Edition
April 12, 2006 Closing

Yak, Doodles, Tea Leaves & The Tin Box

Kingdom Yak:
Market Yak..............................Socks go boeing with chief cart maker.
Other Yak................................Lube greed holding near $69.

Doodles:
Socks [$SPX] Closed at..............1288.12, up +1.55
Volume (CMF) (money flow).........-0.170, decreasing.
Averages (MACD) (trend)............+1.328, decreasing.
Momentum (S-STO) (signal).........16.56, level.
Strength (RSI) Overbought/sold....[70] 44.94 [30]

Lube (NYM) Closed at..................68.62, dn -0.36
Oil Markers................................<64= ok, 64-69= worry, >69= panic.

Tea Leaves:
Charts & Stuff............................Yellow

Tin Box:
Position.....................................80% Socks
Stops [$SPX].............................Alert: ----. Trail: ----.
 
Originally Posted by oldschool
Hi folks, back from travels, well, getting married that is.


Now your journey/Travel really begins! Good Luck
 
Some comments about the next two trading days.

There is some slight positive seasonality that comes into play tomorrow, so that could help support prices, if for no other reason than sellers tend not to press ahead of long weekends. However, the day after the holiday tends to be quite negative, and if the S&P closes below its 50-day average tomorrow, then historically there was only a 10% chance of Monday being positive. That's also true if tomorrow bucks its trend and closes negatively - that has lead to very consistent weakness on Monday.

Mr Market will do what it wants, but if we get a small dip tomorrow use caution in adding additional shares. Plenty of traders are staying in cash for now. I'm still in the I Fund. I purchased shares today.

For those that are still long, Good Investing/Trading!!!!

Waiting for the next trend to lead us out of this narrow trading range!!!!

GO GO Birchtree!
 
Re: This could be a "White Lady" day

Birchtree said:
Protecting my cheeks from the potential blast off that is coming - kinda like sitting on your helmut.

My Crew Chief found some 1/2 inch flat steel and welded a square under the pilots chair. Made me feel a lot better!....;) ....Spaf
 
Drop limits....

considering the past lows and todays prices, I would venture to say if we get that drastic drop it will go as low as in the 1220's on the S&P....:sick: .....but again...... its if we get a drastic drop....:blink: and if we get a rise, it will struggle as its has all year, to make just a few points up....:embarrest:
 
April 13th

did I say the other day that April 13th was my starting date for bad things that could happen in the market...:confused: ....we'll see at the end of the day.....it just may be the market and I are back in sync.....;) felt like its been overextended and manuipulated for a while anyway.....

I believe I mentioned also that the period of bad tidings on the market could extend thru May.....:embarrest:
 
I heard on CNBC this morning that many of the overseas markets will be closed on monday. Also, the TSP office will be closed tomorrow along with the bond and U.S. markets for Good Friday.
 
Re: April 13th

The_Technician said:
did I say the other day that April 13th was my starting date for bad things that could happen in the market...:confused: ....we'll see at the end of the day.....it just may be the market and I are back in sync.....;) felt like its been overextended and manuipulated for a while anyway.....

I believe I mentioned also that the period of bad tidings on the market could extend thru May.....:embarrest:


bad tidings??
on top of all the good news nowaDAZE.....LOL
plan to go to G in MAY and stay away for the most part until OCT.
good luck 2 all!
tekno
 
Re: April 13th

teknobucks said:
bad tidings??

plan to go to G in MAY and stay away for the most part until OCT.
good luck 2 all!
tekno

Have to say for the most part I am with you. I will play some in the I fund. I see the U.S. dollar going down. Oil and imports are going to hurt the U.S. dollar. Through in a bad storm and we could have some real problems. I have heard that this year looks like it will be another bad one for hurricanes. :(

(If I see the fed stop at any time with the interest rates, I will be in the market in a heartbeat regardless of the time of year).
 
Re: April 13th

teknobucks said:
bad tidings??
on top of all the good news nowaDAZE.....LOL
plan to go to G in MAY and stay away for the most part until OCT.
good luck 2 all!
tekno

I will be with you, much of the time anyway. In fact, I am there already as of COB today. The "sell in May and go away" approach may be even more prudent this year with rising gas and oil prices, plus the housing market (and refinancing) slowing down. We had a great run since the fall, and for me it is time to lock in some gains and play it safer until the smoke clears.

Like Learning, I will probably play the I fund now and then, especially if it looks like the fed will stop increasing rates. I for one am not convinced the next hike will be the last.
 
"I have heard that this year looks like it will be another bad one for hurricanes."


Please lets not start talking about Hurricanes so soon. They just finished replacing my roof from last year a few weeks ago.

PS if a company named Gold Coast Roofing knocks at your door, slam it on them . They are out of Minnesota.
They do a really really bad job
 
Standing firm

I will stay with this puppy right into the 4 year cycle low due in Oct'06. I just can't leave the C fund this early in the game - the wall flower has so much promise. Love has to be patient, both with joy and sorrow.
 
Quite Right

Sentiment became negative this week. Next week the tune will surely change. All those people who got the jobs that inflated the number, are now consumers! Soon they'll be getting married, having babies, buying homes and washing machines, god I love this country!

Dave
 
Are we getting ready for the 10% drop talked about by Tom?

US counts cost of Treasury yields
By Ambrose Evans-Pritchard (Filed: 14/04/2006)

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/04/14/cnus14.xml

"JP Morgan Chase is forecasting a 13pc fall in Amer-ica's S&P 500 stock index, and 12pc fall in the FTSE 100. "Our big concern is the combination of rising bond yields, sustained high energy prices and weakness in US housing," said Abhijit Chakrabortti, the global equity chief"
 
Aggie76 said:
Are we getting ready for the 10% drop talked about by Tom?
"JP Morgan Chase is forecasting

Aggie76,

The risk of a decline is always present. However, we have the fundamentals, technicals (indicators) and stops that we can use to manage funds. We also have the expert advice of the news letters from James "RevShark" DePorre.

As far as what JP Morgan Chase has to forecast, I simply refer you to:
http://www.sec.gov/news/press/2003-87.htm

Rgds, and be careful!....................:) ......................Spaf
 
Re: Quite Right

Dave M said:
Sentiment became negative this week. Next week the tune will surely change. All those people who got the jobs that inflated the number, are now consumers! Soon they'll be getting married, having babies, buying homes and washing machines, god I love this country!

Hopefully not in my neck of the woods. Too many fricken people clogging town and too many abandoned washing machines beside the road already. Give me contraction, trees and birds, and some peace and quiet.
 
Back
Top