Market Talk / Feb. 5 - Feb. 11

[mlk_man]

I believe the EFA most likely runs from about 1pm one day to 1pm the next day. It could be closer to noon though. For this reason you can't go by the closing price of the EFA. But then you also have to take into account the value of the dollar. If you look at a 5-day chart of the EFA you'll see this seems pretty consistant.

Yesterday at 1pm the EFA was sitting at about 61.60. Let's see what it is at 1pm today.

I wonder if this has anything to do with the big market moves we always see right after noon. When it's too late for us to react with our TSP funds.....

Happy returns,

M_M

 

[Birchtree]

Rock climber

Both the C and S fund look parabolic out the gate the first 30 minutes. May need rock climbing gear to catch up to these two. Don't worry Technician I'm sure some kind heart will toss you some rope. The only time I really need rope is when I'm doing my Tom Dooley rendition. Let's do 15 points on the S&P 500 to show them the bull is still in control. Take care.

Dennis

 

[Rod]

I wonder if this has anything to do with the big market moves we always see right after noon. When it's too late for us to react with our TSP funds.....

Happy returns,

M_M

Within 10 years I can see us having more freedom with our moves, but at a price since they would obviously have to either upgrade their computers or hire more personnel to handle the workload.

It's really a win-win situation for both. We get to move at our leisure and they make $$$ off of that move.

I'd be willing to pay a fee just to have that freedom! I'm sure most of us would.

God Bless

 

[cowboy]

Within 10 years I can see us having more freedom with our moves, but at a price since they would obviously have to either upgrade their computers or hire more personnel to handle the workload.

It's really a win-win situation for both. We get to move at our leisure and they make $$$ off of that move.

I'd be willing to pay a fee just to have that freedom! I'm sure most of us would.

God Bless

ky thought is the government gets their fee when u withdraw it. That is why they allow us to make the adjustments. If you make money they make money. same way if you lose except they still get to tax on what you with draw. Isn't that enough for a fee?

 

[nnuut]

EXACTLY!!! Crooks!

 

[vectorman]

The Dow has tested the 10,700 area 4 times since the middle of December; oil is around 62.65; Iran is just become noise; alot of people are being caught trying to short the market. Wouldn't it be just like the market to continue climbing in the short term to retest its high. Then when those on the sidelines jump in because they feel they're missing out. down we go. Feel the drama.

 

[mlk_man]

The Dow has tested the 10,700 area 4 times since the middle of December; oil is around 62.65; Iran is just become noise; alot of people are being caught trying to short the market. Wouldn't it be just like the market to continue climbing in the short term to retest its high. Then when those on the sidelines jump in because they feel they're missing out. down we go. Feel the drama.

Like I've said before vector, gotta think like the big boys...........I think you might be now.......

 

[Cortez]

This is a rally into resistance at the downtrending line connecting swing highs this year. SPX will retest 1245 support early next week. If you don't sell CSI, you may luck out, but the odds favor the downside.

 

[vectorman]

This is a rally into resistance at the downtrending line connecting swing highs this year. SPX will retest 1245 support early next week. If you don't sell CSI, you may luck out, but the odds favor the downside.

We have alittle room to move higher. http://www.stocktiming.com/Thursday-DailyMarketUpdate.htm

If oil prices remain stable, SPX is on its way to closing above 1300 in the up coming days or by the end of next week. You may laugh, but my glass is half full.

 

[mlk_man]

Hey, would you quit jinxing it please!

 

[Rod]

Hey, would you quit jinxing it please!

I give this comment "2 HORNS" UP!!!

 

[mlk_man]

 

[Cortez]

We have alittle room to move higher. http://www.stocktiming.com/Thursday-DailyMarketUpdate.htm

If oil prices remain stable, SPX is on its way to closing above 1300 in the up coming days or by the end of next week. You may laugh, but my glass is half full.

Unfortunately for me the rally has faded and the SPX is back just below its 50sma of 1269.13 at 2:55pm est. Fortunately for me, I will be G fund in the upcoming days and not have to ride out this (presumed) failed test of the 50sma level. COMPQ is almost at its 50sma. R2k still has strength (at 13ema) but has given back most of today's gains. Dow is 50% off the high today and moving back down toward 50sma.

 

[Rod]

Looks like Wilshire is fastly fading...

DWCP: +0.09%

EFA: +0.44%

 

[Rod]

poof

 

[Wizard]

Both the C and S fund look parabolic out the gate the first 30 minutes. May need rock climbing gear to catch up to these two. Don't worry Technician I'm sure some kind heart will toss you some rope. The only time I really need rope is when I'm doing my Tom Dooley rendition. Let's do 15 points on the S&P 500 to show them the bull is still in control. Take care.

Dennis

Yesterday was a short squeeze off the great "petro report". That actually was not that great. A lot of retail investors throw money in their mutuals funds yesterday on the old

"You got to get in" hype.

Hook, line and ........

A lot of money was made in the last two days.

 

[Spaf]

Daily Yak

The Kingdom of TSP
Daily Edition
Feb. 09, 2006​

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

Kingdom Yak:
Market Yak............ Mixed socks! Cartel hints of higher rates. Vestors run for cover.
Other Yak.............. Lube levels on supplies.
Jester spoke.......... Yikes a gravestone!

Doodles:
Socks................... S&P 500 ($SPX)
Closed at.............. 1263.78, dn -1.87
Money flow............ -0.073, decreasing.
Stops................... NA.
Averages.............. -1.41, decreasing.
Slow STO............. +22.70, increasing.
Overbought/sold..... [70] 46.1 [30]

Lube..................... Light Crude (NYM)
Closed at.............. 62.62, up +0.07
Markers:............... <60 = ok, 60-65 = worry, >65 = critical.

Tea leaves:
Charts and Stuff..... Red

The Tin Box:
Position................ 100%G.

 

[robo]

Cash is King until the Trend is Clear 1230's or 1300's

Unfortunately for me the rally has faded and the SPX is back just below its 50sma of 1269.13 at 2:55pm est. Fortunately for me, I will be G fund in the upcoming days and not have to ride out this (presumed) failed test of the 50sma level. COMPQ is almost at its 50sma. R2k still has strength (at 13ema) but has given back most of today's gains. Dow is 50% off the high today and moving back down toward 50sma.

Cortez,

I agree with your comments, for now cash is king! Could go either way, but down is the most likely. When to get back in is the tough part, (Catching the Falling Knife) or chasing a rally. If it sells off some more, In my opioion the 200 DMA will hold so I could go long 1230 - 1240's. Just have to wait for the Trend to show us the way. I did make a one day play on the I Fund and I'm waiting to see if TSP Boyz will pay us today.

The TA's I follow are all in cash or shorting the markets. Could be a contrarian play, but the Risk/Reward is currently to HIGH especially the S Fund.


Some comments from some TA's below.

Today's action reinforces the view that the correction is not over and lower lows lie ahead. There are several scenarios possible for the next few days, but all lead to a challenge of the 1246 level.


Thursday, February 9th. -

Market deterioration is continuing with rising Selling Pressures.

Broad market Buying Intensities are moving lower, and Selling Pressures are moving higher.

Remain in cash as, as a short term up action is in the face of increasing
Selling Pressures and a normal resistance re-testing process is occurring.


I don't try to predict market direction, I'm waiting for the Trend to show us the way. Soon it will, because the Market is Always Right! I'm following Teknobucks plan for 2006 and waiting for severe oversold conditions. THEY BE COMING. Good trading for those playing short term plays.


http://www.tsptalk.com/mb/showthread.php?t=2601

 

[Wizard]

2 year - 4.64%
30 year - 4.46%.

---------------

 

[Soldat]

Dollar is taking one hell of a beating. Down 1.5% and .2% vs Y & E respectively.