Spaf
Honorary Hall of Fame Member
- Reaction score
- 45
Market Talk
Sunday Edition
January 06, 2008
Sunday Edition
January 06, 2008
General Commentary:
Last Friday left us with a spooked market. The rise in unemployment gave a rise to worries about housing woes, credit woes, and talk about a recession.
Last week the S&P lost near 2.5% and small caps lost about 3.2%. This seemed like a overreaction. Pricing is now near the lower Bollinger band. The moving averages are bearish and below the 13dma. However, the selloff was so large that it pushed the market into oversold conditions. The Stochastics oscillator for [$SPX] is now below the critical lever of 20.
Economics / Fundamentals:
Economic indicators are running about 4 (Ok) - 3 (not Ok) (See CNNMoney link). Crude was up $1.91 last week, closing at $97.91. Crude oil rose about 60% in 2007.
Economic News - CNNMoney
NYMEX crude - wtrg
Technical Analysis:
The S&P was down 66.86 points for the week.
Me and TSP
My allocations can be found in the Auto Tracker, about 40% cash, 10% bonds, and 50% stocks.
TSP Share Prices:
Week Ending........G=12.28..F=12.04..C=15.92..S=18.80..I=24.01
End of 2007.........G=12.28..F=11.93..C=16.56..S=19.79..I=24.76
Have a good week!
And, be careful out there!
