Market Talk / Dec. 7 - 13

[Spaf]

Market Talk
Sunday Edition
December 07, 2008​

General Commentary:

The market, mainly the S&P remains in Bearsville, below the 50d moving average, but holding some strength at the 13d average. Around 900 the S&P should have some resistance. A lot of the investors have returned to the trenches in defense of awaiting the next attack. Folks still wonder if the major players really "get it". There sure were a lot advertisements on TV for buying a Cadillac???

The TSP snafu on moving funds remains a sore spot that has shown to be a meaningless management arguement; as irrevocable as it might be.

A look at the chart(s)
The S&P500 [$SPX] Daily
Large Caps

Charts courtesy of www.StockCharts.com​

Pricing was bullish above the 13dma, but below the 50dma the trend was still bearish.

The Bollinger Bands are still wide, or possible volatile.

The P-SAR remains bullish.

Volume has been average.

The S-STO was high-ranged aiming for overbought levels.

The MACD was registering positive at week's close.

 

[tsptalk]

Breaking news: GM to cut production by 250K units during first quarter.

 

[nnuut]

I think that GM has a backup of 2008 and 2009 models that they will be willing to sell cheap!! Why make too many when your running out of car lot space?

 

[poolman]

I think that GM has a backup of 2008 and 2009 models that they will be willing to sell cheap!! Why make too many when your running out of car lot space?

If they are allowed to go Bankrupt, you will be able to get these car's for a song.:nuts:

 

[Birchtree]

Dick and Jane let's watch Spotty run like the wind rocket.

 

[Spaf]

Pull a D&B Report on these folks.

[Make sure you have plenty of paper]

Dang they got a lot of Vice Presidents!

Kind of makes one wonder whats the ratio of VP to worker.......:embarrest: