Market Talk / Dec. 17 - 23

[weatherweenie]

06:17 am : S&P futures vs fair value: +2.2. Nasdaq futures vs fair value: +2.5.

I quit keeping track of the snowfall total after we hit 20 inches.
http://www.9news.com/9slideshows/HOLIDAY%20BLIZZARD/

 

[James48843]

Now HERE you go-

A Chinese Feng Shui expert sasy the markets will be in turmoil in 2007.


http://biz.yahoo.com/rb/061221/markets_fengshui.html?.v=1


Sounds like he knows a lot more than I do about it.....

 

[weatherweenie]

08:33 am : S&P futures vs fair value: +1.4. Nasdaq futures vs fair value: +2.5. The final read on Q3 GDP unexpectedly fell to 2.0% (consensus 2.2%) while the accompanying chain deflator -- a key measure on inflation -- ticked up slightly to 1.9% (consensus 1.8%). Initial claims rose 9K to 315K. However, given the dated and mixed nature of the GDP data, as well as the latest read on labor conditions merely matching economists' forecasts, neither report has had much influence on trading so far.

 

[airlift]

Weatherweenie,

Again I commend you for the accurate and timely reporting of econ. numbers and pertinent market information. Can someone elaborate on the potential impact of these numbers? If I am not mistaken, the FED is counting on a gradual decline in inflationary numbers and/or expectations. However, I have read somewhere that the inflation level is above the FED's preferred target or range. If this is correct, doesn't the fact that the chain deflator measured a tad higher than expected at 1.9 (consensus 1.8), doesn't this forebode higher levels of inflation going forward?

08:33 am : S&P futures vs fair value: +1.4. Nasdaq futures vs fair value: +2.5. The final read on Q3 GDP unexpectedly fell to 2.0% (consensus 2.2%) while the accompanying chain deflator -- a key measure on inflation -- ticked up slightly to 1.9% (consensus 1.8%). Initial claims rose 9K to 315K. However, given the dated and mixed nature of the GDP data, as well as the latest read on labor conditions merely matching economists' forecasts, neither report has had much influence on trading so far.

 

[weatherweenie]

With the market having already sifted through most of the earnings news, investors may be waiting for today's Philly Fed data (12:00 ET) and testimony from Richmond Fed President Jeffrey Lacker (1:00 ET) to shed some more light on economic growth.

 

[James48843]

TSP web site on-line transactions now down. No word on how long it will be down.

Fall back position is the phone line-

1-877-968-3778

 

[ayla]

VIX is on its way back up again. Maybe a bit premature but if it continues up, it can't be good for the S or C funds. (I fund is in a world of its own IMO.)

I don't remember the intraday readings for the VIX oscillating so much in the past as they are doing recently but then maybe I didn't pay that much attention.

 

[weatherweenie]

VIX is on its way back up again. Maybe a bit premature but if it continues up, it can't be good for the S or C funds. (I fund is in a world of its own IMO.)

I don't remember the intraday readings for the VIX oscillating so much in the past as they are doing recently but then maybe I didn't pay that much attention.

Volume is pretty low today, isn't it?

 

[FUTURESTRADER]

TSP web site on-line transactions now down. No word on how long it will be down.

Fall back position is the phone line-

1-877-968-3778

account trAnsactions back up

 

[James48843]

THUNK.


Philly report is not good, and market is down sharply in response.

Ouch.

 

[Birchtree]

We need all the bad news we can get for the Fed to wake up. They planned it and now they got it.

 

[Spaf]

"Santa Claus" rally.

[Sam Stovall, chief investment strategist at S&P, told MarketWatch.]​

This rally happens as investors unload underperforming stocks for tax purposes in the first part of December and then put the money to use in the latter part of the month.

 

[Spaf]

Daily Yak

The Kingdom of TSP
Daily Edition
December 21, 2006 Closing ​

Yak, Doodles, Tea Leaves & The Tin Box
Kingdom Yak:
Pro-Yak....................................Saw that one comming.

Con-Yak...................................Yea, but you forgot to duck!

Jester-Yak................................Does it hurt much?

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

Socks [EFA] Closed at.................72.55 dn -1.57.
Stops.......................................Alert: 73.92 broken. Trail: 72.93 broken
MACD hist.................................-0.191, decreasing
Trend (P-SAR)............................negative.
Overbought/sold (RSI).................[70] 48.70 [30] decreasing

$USD........................................83.62 up +0.13

Lube (NYM) Closed at..................62.66, dn -1.06
Oil Markers................................<70= ok, 70-75= worry, >75= panic.

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

Tin Box.
Leaders Tally (Allocation Avg.).......G=57, F=43, C=00, S=00, I=00
Leaders Play...............................Bullish: 00%...Bearish: 100%.

 

[FundSurfer]

Re: Daily Yak

Tin Box.
Leaders Tally (Allocation Avg.).......G=57, F=43, C=00, S=00, I=00
Leaders Play...............................Bullish: 00%...Bearish: 100%.

Wow. All in G or F??? That means the market should take off like a rocket tommorrow....

 

[Griffin]

Re: Daily Yak

Wow. All in G or F??? That means the market should take off like a rocket tommorrow....

Sarcasm aside, if it steady slipping into the red tomorrow morning, do you slip back into stocks? A red morning is going to flip most of your indicators into sell signals. The day after Christmas should be the first day of the SC rally. Therefore, you would be betting the farm on dip buying and SC seasonality. Last year proved that SC is no guarantee and January 2005 showed us that a new year can go down like a horse tranqualizer.

 

[Birchtree]

This year the Santa Rally starts on 12/22 and runs through 1/3/07. The leader board are positioned defensively - classic maneuver. You can't find refuge in the herd. And you must resist the urge to join the crowd. IMHO perspective and patience will be rewarded. Now let's all celebrate and have some figgy pudding.

 

[coolhand]

It appears the "I" fund had a sizeable gap down today. I'm not very knowledgeable about these things, but from what I've read it can be bullish. Most of the time these gaps are much smaller whether up or down so I've not paid a whole lot of attention to them. :worried:

Anyone have any comments about this?

 

[Propstrike]

If you don't eat your meat, how can you have any pudding? How can you have any pudding if you don't eat your meat?

 

[coolhand]

If you don't eat your meat, how can you have any pudding? How can you have any pudding if you don't eat your meat?

That helps...thanks...:blink:

R/Pink

 

[Fivetears]

Sure! C'mon in! The I-Pit is fine! :nuts:
UP 2.55% FOR THE MONTH.

Ya might wanna take off yur glasses though.

It appears the "I" fund had a sizeable gap down today... Anyone have any comments about this?