Market Talk / February 25th - March 3rd

[weatherweenie]

Briefing.com 08:33 am : S&P futures vs fair value: -10.8. Nasdaq futures vs fair value: -22.0. Durable Orders plunged 7.8% in January (consensus -3.0%). Non-defense capital goods orders excluding transportation, which provide a clearer read on underlying business capital investment, fell 6.0%. Futures trade has slipped even further below fair value, still suggesting a disappointing start for stocks. Bonds, though, have strengthened, pushing the yield on the 10-yr note (+10/32) to 4.58%.

 

[VirginiaBob]

09:00 am : S&P futures vs fair value: -12.5. Nasdaq futures vs fair value: -27.0.

 

[tsptalk]

This used to be almost routine several years ago but it's been a long time since we've since futures down like this. Dow futures are now down over 90, Nasdaq down 30.

 

[airlift]

I will appreciate any opinions or views that can help to better understand what we can expect of AGG now that this market correction is happening and the negative durable goods orders have come out. IMO today's correction should raise expectations of the FED lowering instead of raising rates. That would be favorable to the I fund as well as the F fund, because the F fund usually flourishes with lower interest rates But the time span is also important. Therefore, other views are welcome! Good luck to all!

 

[tsptalk]

Either way, you look so handsome in your avatar.

Thanks... I think. The govexec.com photographer sent the pictures to me. I have not had my picture taken professionally since grammer school (other than the mug shots)

 

[Spaf]

Gissin I'd better heatup the rabbit stew and fry up som chitlins.​

 

[Birchtree]

Spaf,

Have you noticed how aggressive a good number of our newer members have become lately - not many cluckers in the group. They must be following your lead. They are ramping up for the opportunity. Even Danke wants to make money. Can you feel the coiled spring ready to let go? Snort.

Dennis - permabull #1

 

[fedgolfer]

http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm

anyone anticipating these econ reports to provide stimulus to the upside tomorrow? Will hard data trump today's fear?

 

[Wheels]

Thanks... I think. The govexec.com photographer sent the pictures to me. I have not had my picture taken professionally since grammer school (other than the mug shots)

A tie and everything. I'm gonna look like a serious slouch when they put my pic next to yours. (Did your guy take like 100 shots?)

 

[Spaf]

Spaf,

Have you noticed how aggressive a good number of our newer members have become lately - not many cluckers in the group. They must be following your lead. They are ramping up for the opportunity. Even Danke wants to make money. Can you feel the coiled spring ready to let go? Snort.

Dennis - permabull #1

Dennis,
Ifn U get too aggressive U chance loosin som bunnies.....:cheesy:

Rabbit Stew​

 

[Spaf]

The fear took out 1440 in a free fall.....:blink:
Lookin for the bottom at 1431, nope not there......:worried:
Now testing 1425......:embarrest:

 

[James48843]

The fear took out 1440 in a free fall.....:blink:
Lookin for the bottom at 1431, nope not there......:worried:
Now testing 1425......:embarrest:

I hate to be the bearer of bad news, but I see the support level is now around 1380. We still have a ways to go tomorrow and perhaps the next day.

If that IS the case, if this is the fall we've been waiting for, then when it hits 1383 or so I am all in for the ride.

 

[Pilgrim]

The 50 day moving average is at 1432. A number of analysts are saying that this has to hold, more precisely that a decisive close below this level means further trouble. What decisive means usually doesn't get defined until after the fact.

The afternoon is young, we may drift back up and get half of it back before close.

 

[weatherweenie]

The 50 day moving average is at 1432. A number of analysts are saying that this has to hold, more precisely that a decisive close below this level means further trouble. What decisive means usually doesn't get defined until after the fact.

The afternoon is young, we may drift back up and get half of it back before close.

For those w/o access sp500 is at 1425 and change as of 1:15pm ET.

 

[Birchtree]

Will this be a big enough hit to get Tom back in the real game. He can't be conflicted any longer. Or will he want even more?

 

[Spaf]

Will this be a big enough hit to get Tom back in the real game. He can't be conflicted any longer. Or will he want even more?

Don't know, but would like to hear his comments?

12:50 CT and my platform is showing the DOW over a -200 and still trying to find the bottom, no luck so far!........

S&P down 2.00%, AGG is up 0.33%, so Tom's bunny has got the carrot!

 

[weatherweenie]

At least our contributions will be getting a better price today/tonight.

 

[ebbnflow]

They do stock splits, half the price, and double the shares. I'm still waiting for that to happen to our I-fund. :blink: :cheesy:

 

[weatherweenie]

Nasdaq is now down more than 3% on the day.

 

[poolman]

The way things are going, I'm thinking we could have a nice bounce tomorrow. It's looking like a major 1 day correction. It's good to shake the market once in awhile. I'm glad I held my position.

I'm not saying the market isn't going lower but I think the today is the major hit.

5'th down day on dow and oil is at a high in it's channel.