Market Talk / Dec. 10 - 16

[Birchtree]

Sit tight and be right
The CPI may be a negative value because of oil prices and decreased rent costs. The SPX more often than not closes on the positive for an expiration week.

 

[Oldcoin]

Anyone have any idea what the CPI is going to look like Friday?

http://www.thestreet.com/_tscs/newsanalysis/second-life/10327152.html

Macro Indicators Point to Lower Inflation
By Howard Simons
RealMoney.com Contributor
12/12/2006 10:00 AM EST

It is forecast and expected to be up 0.2%. In the prior period it was -0.5%.
I don’t have a clue…

Friday should be wild with three significant economic reports out CPI which rates an A- in importance, Capacity Utilization B- and Industrial Production B-. CPI includes food and energy prices. So, last month what was crude doing? The oil index was down……

Birchtree may have it right!

Add to that triple witching and we have an exciting mixture.

 

[vectorman]

Head and shoulders pattern for the DJTA is nearly complete.....

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=DJTA

http://stockcharts.com/education/ChartAnalysis/headShouldersTop.html

 

[airlift]

Thanks!

Sit tight and be right
The CPI may be a negative value because of oil prices and decreased rent costs. The SPX more often than not closes on the positive for an expiration week.

 

[ChemEng]

Sit tight and be right.

Sit long and be wrong?

It rhymes too so it must be right.

 

[Birchtree]

It's a good day to be in natural gas. I'll stay long here for the next three years.

 

[Fivetears]

If you're in stocks... and a B.A.H'er... don't move. Triple witching has no effect on you're style of investment. If you're a fund jumper & hopper... it's your personal call; no risk, no reward. MHO .

Re: Market Talk / Dec. 10 - 16
triple witching on Friday... any advice on how to play if you're already 100% in the stock funds?

 

[Fivetears]

What is the "day range" on the chart you are looking at. The Head and Shoulders Top (Reversal) pattern takes several months materialize; I thought.
I looked at the 1y, 2y, and 5yr Dow; can't see it.

Head and shoulders pattern for the DJTA is nearly complete.....

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=DJTA

http://stockcharts.com/education/ChartAnalysis/headShouldersTop.html

 

[weatherweenie]

Looking like a consolidation day today.

 

[fedgolfer]

... speaking of patterns, the intraday chart on the s&p is looking like a descending triangle. Doesn't bode well for the close, ugh, and i'm leaning hard on the C&S now. Please market, prove me wrong.

http://stockcharts.com/education/ChartAnalysis/triangle-Descending.html


http://finance.yahoo.com/charts#chart2:symbol=^gspc;range=1d;indicator=sma(208)+bollinger+psar+wpr(15);charttype=line;crosshair=on;logscale=on;source=undefined

 

[weatherweenie]

... speaking of patterns, the intraday chart on the s&p is looking like a descending triangle.

Isn't the same true for DWCPF and EFA? Of course, EFA is more/less useless.

 

[weatherweenie]

More power Mr. Scott!!!!

I'm givin' her all she's got cap'n.

 

[Birchtree]

CopterDoc,

Do you know if the 45th Dustoff is still around?

 

[weatherweenie]

I think eventually by days end SPX 1415 becomes support.

Gonna be close.

 

[airlift]

The major indices (Dow, Nas, and Spx) have been bumping up against resistance and are closing on a sideways note. However, they are all above the 20 day EMA, which appears to be holding them up. Moreover, today all closed after making higher lows and higher highs than yesterday, with what appears to be on lower volume. This could be signaling a marking of time before moving up through expiration day (Friday)? Any other ideas?

 

[Spaf]

Daily Yak

The Kingdom of TSP
Daily Edition
December 13, 2006 Closing ​

Yak, Doodles, Tea Leaves & The Tin Box

Kingdom Yak:
Pro-Yak....................................What a rainy day for socks.

Con-Yak...................................Lube 1, Socks 0!

Jester-Yak................................Yawn!

Doodles:
TSP Socks leader........................I-fund
Last 12 months..........................up 28.20%

Socks [EFA] Closed at.................74.03 up +0.28.
Stops.......................................Alert: 73.33. Trail: 72.63
MACD hist.................................+0.101, increasing
Trend (P-SAR)............................positive.
Overbought/sold (RSI).................[70] 72.40 [30] increasing

$USD........................................83.33 up +0.39

Lube (NYM) Closed at..................61.37, up +0.33
Oil Markers................................<70= ok, 70-75= worry, >75= panic.

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

Tin Box.
Leaders Tally (Allocation Avg.).......G=25, F=12, C=06, S=32, I=25
Leaders Play...............................Bullish: 63%...Bearish 37%.

 

[weatherweenie]

G fund paid the penny today.

 

[Buffalo_Nickle]

If they are... I bet they dont use that call-sign anymore.

 

[James48843]

CopterDoc,

Do you know if the 45th Dustoff is still around?

Birch:

45th is now called 45th medical company, air ambulance. Part of the 421st Medical Battalion. It still shows it's active, although the only thing I can find recent is an article from their 2004 deployment. Not sure where they are right now.

http://www.defendamerica.mil/articles/Dec2004/a122004tj1.html

They could be part of one of the brigade transformations going on stateside now, or could still be in europe. If I find them I'll post.

 

[weatherweenie]

06:20 am : S&P futures vs fair value: +0.3. Nasdaq futures vs fair value: +1.0.
06:20 am : FTSE...6211.40...+18.90...+0.3%. DAX...6537.67...+16.90...+0.3%.
06:20 am : Nikkei...16829.20...+136.27...+0.8%. Hang Seng...18919.40...+201.21...+1.1%.