Market Talk / Dec. 18 - 24

[Spaf]

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The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak Date: Dec. 20, Closing


Market News.

Kingdom Talk:..Here Stockey, Stockey!

Whats the train doing on the side track?

Elsewhere:.......Santa!!!


Doodles and Tea Leaves - Daily.

Doodles:
S&P 500 (Index)
Closed at..................1259.62, dn -0.30
CMF (money flow) at.....-0.170, dn
RSI (strength) at...........55.2, dn
MACD (trend).....bearish
S-STO (signal)....bearish
P-SAR (signal)....bearish
ROC (change).....bearish

Light Crude (NYM)
Closed at..............58.09 up +0.04

Tea Leaves:.....................Red.


Yak.

Remarks:.......Holding 100/0
S&P Stops:.....Alert: 1261 [broken]. Trail: 1249.

Oil Markers:...<64= ok, 64-69= worry, >69= panic.

 

[mlk_man]

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Soldat wrote:

The I fund should suffer a 3-4 cent loss/share if no adjustments are made by the TS-Political police.

Good prediction. Greg use to be good at that too.

 

[JOVARN]

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I down 3

S up 3

C flat line

 

[robo]

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NIKKEI 225 15,900.00 UP 320.00


NIKKEI up another 2%!!!! I only have about 5% in Emerging Markets and Pacific funds, split between Vanguard and American Century... Should have listened to Birchtree and added morePacific Stock!!!! All I can say is WOW!!!! Should give a boost to US stocks at the open...

 

[Birchtree]

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She is up 343.99 currently - and S&P 500 futures are starting to perk up. There are so many non-believers in Santa Claus that I wouldn't want to be in front of this bullet train with nothing but my shorts on. Calling all BULLS - you want some come get some before it's all gone. I got lots of free manure to give away to the organic farmers - sure makes things grow better. Happy Hollidays.

Dennis

 

[Quips]

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What would be the 50 day and 200 day moving averages for each index? Would be a prudent thing to know at this time.

 

[Dave M]

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Okay, today's the day.

Quip, go to TSPGO!'s homepage; he has nice charts there. You can find it in his account thread by clicking on his name.

Dave

 

[vectorman]

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Dave M wrote:

Okay, today's the day.

Quip, go to TSPGO!'s homepage; he has nice charts there. You can find it in his account thread by clicking on his name.

Dave

http://www.tspgo.com/index.html

 

[vectorman]

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Start of the Santa Claus rally or head fake? Check out the DJTA....:^

DJTA is working on making an all time high, possible break out.

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

http://www.allstocks.com/markets/US_Markets/us_markets.html

 

[Show-me]

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Well for pity sakes! You would think the market could eck out a little better that a quarter percent. Good thing I was taking a nap when it withdrew. Yawn. Yay I fund!

 

[WAVETIMER]

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Neat site!
Put mein the BULL camp, the C fund has all my TSPmoney. Economy is set to roar in 2006.
Good luck everyone

 

[Spaf]

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The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak Date: Dec. 21, Closing


Market News.

Kingdom Talk:..US Stocks getting tired!

Train roars out, looses steam, and coasts.

Elsewhere:.......The I-fund still has the zoom, zoom,


Doodles and Tea Leaves - Daily.

Doodles:
S&P 500 (Index)
Closed at..................1262.79, up +3.17
CMF (money flow) at.....-0.237, dn
RSI (strength) at...........57.4, up
MACD (trend).....bearish
S-STO (signal)....bearish
P-SAR (signal)....bearish
ROC (change).....bullish

Light Crude (NYM)
Closed at..............58.56 up +0.47

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


Yak.

Remarks:.......Holding 100/0
S&P Stops:.....Alert: 1261. Trail: 1249.

Oil Markers:...<64= ok, 64-69= worry, >69= panic.

 

[robo]

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Which way do we go, Which way do we go!!!! I thought we broke out today... Maybe we did... More of the same....Currently 75% cash 25% equities.... No shorts, selling my 25% long position if we can get to 1280's... Keeping my Emerging Markets and Pacific into2006. Great run this year!!!!

Good Trading!



Market Comments: Traders are still looking forMarket Direction..

Volatile session

3:30 PM EST –The indexes have been relatively active intraday, trading in a notably volatile fashion throughout today's session. However, today's extreme volatility has made directional forecasting difficult. Within context, we suggest traders focus on the short-term support and resistance levels posted below. Look for a decisive break to dictate the next primary direction. However, until such a break occurs, we may witness a period range bound consolidation characterized by sharp reversals near support and resistance levels:

DOW -10,800 - 10,900
NAS - 2,215 - 2,240
SPX - 1,257 - 1,270

 

[Spaf]

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robo,

Well said!

Hope for Santa, but be prepared for the Grinch! :shock: Spaf

 

[Show-me]

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FYI. Just a reminder STA sez day before Christmas is weak.

 

[mlk_man]

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Futures up early. Foreign markets down.

 

[mlk_man]

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Show-me wrote:

FYI. Just a reminder STA sez day before Christmas is weak.

May be different this year with Christmas falling on a Sunday. Then again........:*

 

[JOVARN]

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As if the I fund wasn't complicated enough:
In currency trading, the dollar bought 117.50 yen on the Tokyo foreign exchange market at 5 p.m. (0800 GMT) Thursday, up 0.23 yen from late Wednesday in New York.
The euro fell to $1.1832 from $1.1835 late Wednesday in New York.
The yield on the 10-year Japanese government bond rose to 1.5500 percent from Wednesday's finish. Its price fell 0.05 point to 99.56.
Japanese financial markets will be closed Friday for the Emperor's birthday, a national holiday. The markets will reopen on Monday, Dec. 26.

 

[The_Technician]

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I've been out of late....I have been hunting for the last several days.....one doe....if anyone wants to know....

I was hoping for a change of pace in the funds to the positive, but it looks bleak....I fund looks like it could just roll over and die....C and S have been down but they look to move up some before EOY....

I really can't say that the risk to stay in is worth it.....the safe move at the momemt is to retreat and wait until things pan out.....

:dude:

 

[vectorman]

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Looks like we could be climbing back up that wall of worry. DJTA is leading the way again; SPX looks like it will just keep creeping back up to its upper range; small caps are the bread and butter for quick trades and still has room to move up; andthe Dow looks to be setting up to make another run at 11,000. Contrarian view- talking heads on CNBC say Santa has already come, the market is basing don't look for any more excitement for 05. Fact is, the market will usually do the opposite of what everyone expects it to do. Thetrend is now heading higher with the DJTA leading the way to another all time high.

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