Market Talk / Jan. 14 - 20

IBM beats estimates by a penny but stock is selling off after hours, down over 5%. S&P and Naz futures down modestly.
 
IBM beats estimates by a penny but stock is selling off after hours, down over 5%. S&P and Naz futures down modestly.

Noticed that....talk about your poisoned atmosphere!

I'm a perpetual optimist, and even I'm starting to wonder if it's time to run and hide....
 
Daily Yak

The Kingdom of TSP
Daily Edition
January 18, 2007 Closing

Yak, Doodles, Tea Leaves & The Tin Box

Kingdom Yak:
Pro-Yak....................................Lube supplies up and demand fades.

Con-Yak...................................Socks spin-out in tech ice.

Jester-Yak................................I think I stepped in some trading range!

Doodles:
Socks ended up for the day.
Stops.......................................Alert (-1%).....Trail (-2%)
.....$SPX..1426.37......................1413............1399
.....IJR........65.45......................66.26 broken....65.56
.....EFA.......72.80......................72.81 broken....72.11

Dollar.......................................84.97 dn -0.01 for the day.

Lube (NYM) Closed at..................50.49, dn -1.76 for the day.
Oil Markers................................<60= ok, 60-65= worry, >65= panic.

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

Tin Box.
Leaders Ratio / Top 10 (7+3).........2.9 ......2.0 ......0.3 ......2.9 .....0.9
Leaders Play...............................G-fund, F-fund, C-fund, S-fund, I-fund
 
But unlike Intel, IBM's guidance was strong. Must be a case of "buy the rumor, sell the news".
Exactly. RevShark has been warning us about earnings being sold, whether good or bad, since the market rallied strongly into the reports.
 
Running on back-up systems; generator, dial-up, etc.
Dang ice!
Trees look like a war zone!
Just got a new fence! Well it ain't all there.

Got a message that Grandma got hurt!
Dang ice!
Oh, I already said that!
 
Colder than a well diggers brass bra in the middle of winter with ten cubs!! Buurrrrr!:notrust:
 
I remember the winter of 1996 here; we got hit with eight blizzards, the last being a hellacious ice-storm in April 1997 that knocked out power for almost a week. Then we got hit with a massive flood. Fun.

I feel your pain Spaf. Hang in there.
 
From Yahoo's market summary for today:

"An area of tech that was even more disappointing, though, was Semiconductor Equipment. It was today's worst performing S&P industry group after Lam Research (LRCX 46.22 -7.91), saying shipment delays will weigh on this quarter's bottom line, exacerbated the mass exodus out of a sector that many were counting on to help the S&P 500 keep its winning streak of double-digit profit growth intact."
 
08:00 am : S&P futures vs fair value: -1.5. Nasdaq futures vs fair value: -4.2. Futures indications suggest the market's recent losing streak will carry over into this morning's opening bell as seasonal weakness in Technology continues to play out earlier than anticipated. Bellwether IBM (IBM) is shaping up to be today's biggest trouble spot. Despite topping Wall Street expectations, IBM shares are plunging 5% in pre-market action after failing to report the blow-out numbers investors have been pricing into the stock to the tune of about 25% since October. Other Dow components out with solid earnings, but also not generating the enthusiasm of months past, are General Electric (GE) and Citigroup (C), as it becomes increasingly apparent the market is now more fixated on the negatives.
 
Understanding Earnings Season

From Ken Little,

Your Guide to Stocks.

FREE Newsletter. Sign Up Now!
Earnings season is a term you’ll hear or read with some frequency during the year. The market always approaches the earnings season with caution because of the uncertainty and the market can’t stand uncertainty.
Companies that hit or, better yet, exceed their number may see their stock rise. The market may hammer companies that fail to meet their number.

What Does Earnings Season Mean to You

Earnings season focuses attention on very short-term goals, which is usually not of concern to a “buy and hold” investor.
However, if you are a more active trader, earnings season can be a time of some volatility, either up or down for particular stocks and/or sectors.

If you are interested in which companies are reporting earnings in the near future, you can find a calendar on CNN Money that gives you the reporting date, a mean estimate from analysts and what the company’s EPS was one year ago.

http://stocks.about.com/od/whatmovesthemarket/a/earnsea100704.htm
 
Will be closing out this weekly thread and starting a new one.
Was iced-out for almost a week. Haven't heard from Show-me or Dakota lately, so here is hoping their ok! Grandma got hurt, but she's back! Wow! What a week!​

Regard, and be careful!..........
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..........Spaf​
 
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