Market Talk / July 16 - 22

[tsptalk]

Nice close! After the close we are seeing a mixed bag. IBM reported and the market likes it. Yahoo also reported and the market hates it (currently down 9%). Yahoo announcement is hitting Google hard as well.

 

[Spaf]

Daily Yak

The Kingdom of TSP
Daily Edition
July 18, 2006 Closing​

Yak, Doodles, Tea Leaves & The Tin Box

Kingdom Yak:
Pro-Yak..................................Krude and Earnie back down from piliging market. Fill-er-up got too fat to ride.

Con-Yak..................................Yonder kingdom still burning.

Jester-Yak...............................Underbrush problem!

Doodles:
Socks [$SPX] Closed at..............1236.86, up +2.37
Volume (CMF) (money flow).........-0.099, increasing.
Averages (MACD) (trend)............-5.116, decreasing.
Momentum (S-STO) (signal).........16.21, increasing.
Strength (RSI) Overbought/sold....[70] 40.56 [30]

Lube (NYM) Closed at..................75.26, dn -1,65
Oil Markers................................<70= ok, 70-75= worry, >75= panic.

Tea Leaves:
Charts & Stuff............................Yellow / Red [doodles +4-1, Lube > 75]

Tin Box:
Position.....................................100% socks
Stops [$SPX]..............................Alert: 1267 [broken]. Trail: 1254 [broken].

 

[robo]

Now I must confess I didn't buy enough stock to turn this market around - must be that Robo. But I did go in pretty deep.

It must be Henry adding the DOGS!

 

[nnuut]

Core CPI 0.3%
CPI 0.2%

 

[mlk_man]

Poor Wiz......:nuts:
To see something even funnier... check Navyflyer's reputation... it had already gone negative....:blink:

You're all welcome.......................

 

[mlk_man]

Still hunting ducks....................but now I'm wearing camouflage........

 

[nnuut]

Core CPI 0.3% HUUMMMmmmm?
CPI 0.2%

The core CPI has risen a surprisingly steep 0.3 percent for three straight months and Fed officials have made clear they are troubled by the acceleration.
"If it's 0.3 or above, the markets are already going to be selling off and I suspect that he will have to sound a bit more reassuring to the market that the Fed is going to make sure that inflation is not a problem ... and that would imply a rate hike on August 8," said Stuart Hoffman, chief economist at PNC Financial Services Group in Pittsburgh.
However, if the core CPI comes in at 0.2 percent, as Wall Street expects, analysts will be left to scour the details of Bernanke's testimony and the accompanying Fed report to try to gauge which way the winds are blowing at the central bank.

http://money.cnn.com/2006/07/19/news/economy/bc.economy.bernanke.reut/index.htm

 

[JOVARN]

I worked OT last pm and I just woke up 1000 . A nice cup of coffee, my favorite movie star and my side and the dow up 110 points is a nice way to start the day.

ok! there is no movie star

 

[Dave M]

Lean Back

This is where all our good sense pays off. I need SPX1275 (C14.00) to break even for the month, and we're 2/3rds the way there before noon. I credit the quiet tropical reports.

Dave

 

[JOVARN]

I need 8 more days like this to break even

 

[Birchtree]

Looks like another Zweig momentum volume thrust day #4 with 10 to 1.

Snort - global growth, weaker dollar unleash a wave of U.S. exports.

MCOs maintain bottoms above bottoms

Europe and Japan, the world's second and third largest economies, respectively, are growing faster than most economists had expected. Really?

Bleed the shorts and skin the bears - lots of bull character today. Watch tomorrow.

 

[Fivetears]

A PC finally found me (against my best attempt to hide & ignore the financial & economic worlds for a week) while currently on vacation in Newkirk, OK.
ITS HOT HERE! 107+
HOORAY BEER!
Sure hope alota folks in TSP Talk got some relief from today’s activity. Also hope it holds, and isn't just an emotional day or two... based on Fed speak. The Mid-East situation just looks terrible.

 

[Spaf]

Daily Yak

The Kingdom of TSP
Daily Edition
July 19, 2006 Closing​

Yak, Doodles, Tea Leaves & The Tin Box

Kingdom Yak:
Pro-Yak...................................Bears routed! Constable Burntank opened the bull pen, stampede!

Con-Yak..................................Fires still rage in the Kingdom of Yonder! No rain in forecast!

Doodles:
Socks [$SPX] Closed at..............1259.31, up +22.95
Volume (CMF) (money flow).........-0.002, increasing.
Averages (MACD) (trend)............-4.018, increasing.
Momentum (S-STO) (signal).........32.29, increasing.
Strength (RSI) Overbought/sold....[70] 51.41 [30]

Lube (NYM) Closed at..................72.66, dn -0.88
Oil Markers................................<70= ok, 70-75= worry, >75= panic.

Tea Leaves:
Charts & Stuff............................Green / Yellow [doodles +5-0, Lube > 70]

Tin Box:
Position.....................................100% socks
Stops [$SPX]..............................Alert: 1267 [broken]. Trail: 1254.

 

[Birchtree]

For awhile now people have been talking about a transition for the economy, a reduced dependence on the consumer and housing and more reliance on exports and business investment. The latest news on exports is a signal that maybe that's happening. Accelerating exports would allow the nation's businesses to keep expanding despite a projected slowdown in economic growth at home. The SPX generates 40% of its revenues from exports.

 

[FundSurfer]

HOORAY BEER!

You forgot to say Red Stripe, mon....

Good one Fivetears.

 

[Fivetears]

The "Red Stripe" is on the thermometer. It's wicked hot here. Got 110 degrees a couple counties over.

You forgot to say Red Stripe, mon....

Good one Fivetears.

 

[Fivetears]

Wish I could made that move to the I Fund too before the deadline, FS. Missed it by 3 hours.

 

[Pilgrim]

U.S stocks giving in to minor profit taking. Two big movers today: Benanke talking again, any "clarification" could cut either way; and release of notes from last Fed meeting at 2pm. Nothing happening right now is going to matter.

 

[Wheels]

U.S stocks giving in to minor profit taking.

I am 100% S. Damage there not so minor....AGAIN!!!

Dave
<><

 

[Pilgrim]

I am 100% S. Damage there not so minor....AGAIN!!!

Dave
<><

Sorry. It was minor when I wrote it. Things can still turn on Bernanke, on the noon Philly Fed report, and on the minutes at 2pm.