Market Talk / Feb. 12 - 18

Daily Yak

The Kingdom of TSP
Daily Edition
Feb. 14, 2006

Yak, Doodles, Tea Leaves, and The Tin Box.

Kingdom Yak:
Market Yak............ Weerree back! 6th time for the 1275 marker (mid-dec.).
Other Yak.............. Yea, but at least lube isn't going through the roof.

Doodles:
Socks................... S&P 500 ($SPX)
Closed at.............. 1275.53, up +12.67
Money flow............ -0.011, increasing.
Stops.................... NA.
Averages............... -1.02, increasing.
Slow STO.............. +43.26, increasing.
Overbought/sold..... [70] 53.5 [30]

Lube..................... Light Crude (NYM)
Closed at............... 61.03, dn -1.28
Markers:................ <60 = ok, 60-65 = worry, >65 = critical.

Tea leaves:
Charts and Stuff...... Green.

The Tin Box:
Position.................. 100%G.
 
I was a day early and took yesterdays hit but for today.
CHA CHING
May go back into G hiding tomorrow prior to 12n
 
The Seasonality chart for February shows the 12th day as being down big, it looks to be thursday, one of the days for Dr. Bernanke. Still looking for the S&P to break 1300, but it's starting to feel alittle like the end of October 05, except for the price of oil.
 
The_Technician said:
seems a bit peeeved..
http://news.yahoo.com/s/nm/20060207/sc_nm/energy_saudi_alterntatives_dc_1

and his statement on economics of producing such alternatives is incorrect at that....

He goes on to say:

"I believe that we should not impoverish people in the name of a cleaner environment," Saudi Oil Minister Ali Al-Naimi told an energy conference.

SUCH HOG-WASH!!!

The ONLY thing that he is concerned about "impoverishing" is his pockets!

Does he really think that we buy this???

When I heard Bush's initiative I told myself that it's not going to make the Middle East and Big Oil very happy.:p
 
Looks like I missed a lot of excitement in here today.

That happens when you work the graveshift.:cool:

It seems the real psychological catalyst for today's rally was oil dropping below 60.

Hopefully more will follow.
 
Most talking heads are reporting that interest rate hikes are already factored into the market, so the meeting today should have little affect in the market.
With oil at $59 and HP, JC Penny, TGT, Dell all reporting today the market should FINISH up to the + side when its all said and done today.
I hate to give back, so I may go back into hiding until either the momentum indicators pull me into the water or the 150 DMA which ever comes first.
Oil below $60 is exciting, but let’s not forget IRAN can change that as quickly as the vice President can say, who fired that shot.
 
8:30am 02/15/06 U.S. FEB. EMPIRE STATE PRICES PAID INDEX 52.8 VS 46.6 IN JAN

8:30am 02/15/06 U.S. FEB. EMPIRE STATE NEW ORDERS INDEX 26.5 VS 27.2 IN JAN.

8:30am 02/15/06 U.S. FEB. EMPIRE STATE EMPLOYMENT INDEX 5.2 VS 11.3 IN JAN.

Inflation - slowdown - slowdown

Headline number looks great. Behind the curtain, not so great. :D
 
The rally in U.S. equity markets yesterday was typical of a market that has entered into the Distribution phase. A test of previous highs occasionally occurs in broadly based indices such as the Dow Industrials and S&P 500 thanks to strength in a small number of stocks that make up the Index. However, most stocks in the Index will fail to break to new highs. Short term gains during the Distribution phase provides an opportunity to sell into strength. ;)

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The new Fed Chairman will need to be mega hawkish in order to hock more U.S. Treasury debt in the future.

Hold on to your deck chairs. :)
 
Berny better be very HAWISH the next two days:

WASHINGTON (MarketWatch) -- Capital flows into the United States fell to $56.6 billion in December after hitting a revised $91.6 billion in November, the Treasury Department said Wednesday.

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Only selling 56.6B of new debt a month is NOT going to cut it.

Borrow and spend only works if you can borrow. :confused:
 
Housing could go down faster than expected and will affect the economy.

-------

Oh my. He is hawkish. ;)
 
I'm afraid

Wizard that some don't see reality here....its good info you're providing though....its a sit and wait thing here, when it happens everyone will all of a sudden say....well you didn't say it would.....
 
The_Technician said:
Wizard that some don't see reality here....its good info you're providing though....its a sit and wait thing here, when it happens everyone will all of a sudden say....well you didn't say it would.....

Danger. Capital inflows are not even paying for the trade deficit. Danger.

Currency traders and bond traders can see that.
 
Sorry, should have posted the other day that I was out of the market. Then all of you could have went all in and made a ton of cash. Lost my a--. :( LOL
 
Dollar just jump in

strength......I fund should get it in the face soon.....I can't see how the feds can stop raising interest rates, basically, they will be guided on inflation rates around global market since we have a so called global economy....

Oil is dropping, thats good....Saudi's aren't happy campers here...

Willie Nelson dropped another notch in my book today....of course he didn't have a very high rating anyway.....
 
This time it is different:

Yield curve inversion is different because rates are low. - LOL.

Yield curve inversion does not signal a slowdown. - LOL.

Mr Market was buying it, right to that point.

Inflation rate at 2% is ok. - LOL.
 
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