Market Talk / July 9 - 15

[TiCKed]

I see tekno and Wizard of Oz both went 100% I for tomorrow. That should get your attention. You guys have some inside info you'd like to share?

Oooooo....once again it's the quiet ones you have to watch!

(Maybe I just need to shut up and watch my return soar? )

 

[nnuut]

Yep, I watch those two boys, they are slick as, ah,,,ah,, well an Oil Slick!!

 

[Spaf]

Daily Yak

The Kingdom of TSP
Daily Edition
July 13, 2006 Closing​

Yak, Doodles, Tea Leaves & The Tin Box

Kingdom Yak:
Pro-Yak...................................Super ethanol >> http://tinyurl.com/rhc7q

Con-Yak..................................Escalating mideast termoil = panic-in-oil.

Doodles:
Socks [$SPX] Closed at..............1242.29, dn -16.31
Volume (CMF) (money flow).........-0.101, decreasing.
Averages (MACD) (trend)............-0.621, decreasing.
Momentum (S-STO) (signal).........47.24, decreasing.
Strength (RSI) Overbought/sold....[70] 41.91 [30]

Lube (NYM) Closed at..................78.24, up +2.18
Oil Markers................................<70= ok, 70-75= worry, >75= panic.

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

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

 

[Wizard]

I see tekno and Wizard of Oz both went 100% I for tomorrow. That should get your attention. You guys have some inside info you'd like to share?

Japan raising rates is a good thing? :blink:

 

[nnuut]

It is, Why? I surely don't understand the ramifications of them raising rates.

 

[nnuut]

Never mind, just read Fivetears' post in The I Fund thread.
QUOTE Very interesting!!
2:27 AM EST - Bank of Japan Starts Pivotal Meeting Amid Expectations of First Interest Rate Hike in 6 Years
A decision is expected Friday, when the Bank of Japan's policy board members vote. Raising rates, from virtually zero percent, would be the clearest sign yet that the world's second-biggest economy has emerged from a decade of doldrums. But it also raises concerns that higher borrowing costs might undercut the country's tenuous economic comeback. Analysts and investors generally expect the BOJ to raise a benchmark rate to a scant 0.25 percent. The overnight discount rate now stands at 0.069 percent -- effectively zero. The prospect of higher rates has sparked concern among ruling party officials because they want the BOJ to avoid the mistake it made in August 2000, when it lifted borrowing rates prematurely -- and choked a recovery.
http://biz.yahoo.com/ap/060713/japan...bank.html?.v=1

 

[Mike]

I think a capitulation is coming, and it's going to be ugly.

1220 is almost a certainty - and I think we'll break below it. If we drop all the way to the next support, that would certainly wash out all the weak bulls.

 

[Wizard]

I think a capitulation is coming, and it's going to be ugly.

I guess that "sell in May and go away" thing was just not just a fancy phrase.

Or you could "be right and sit tight". Like a deer in the headlights. I added that last part.

 

[nnuut]

Hee! Sit tight and EAT HOOD!

 

[The_Technician]

Hee! Sit tight and EAT HOOD!

U guys are good......love it....:nuts:

 

[Birchtree]

I think we placed the bottom today - as long as the MCO lows of June are not taken out, then we have technical divergent structures in place. GE may send up the signal that all is well. Be right and sit tight - snort.

 

[Wizard]

Quote:
Originally Posted by tsptalk
I see tekno and Wizard of Oz both went 100% I for tomorrow. That should get your attention. You guys have some inside info you'd like to share?

Japan raising rates is a good thing? :blink:

Nikkei opens down 197 points.

AORDS down 1%. :blink:

 

[Wizard]

I think we placed the bottom today - as long as the MCO lows of June are not taken out, then we have technical divergent structures in place. GE may send up the signal that all is well. Be right and sit tight - snort.

Birchy calling a bottom. Get ready for another leg down.

 

[teknobucks]

http://www.haaretz.com/hasen/spages/738315.html

as we all know.....israel has sought a solution to their dilemma during the last 24 hours

two interesting points i see in this jewish editorial!

1) saudi's are kind of backing israel not the hezbollah on this one
2) iran does not care that tel aviv is taking care of bizz in lebanon as long as they don't hit damascus. (read between the lines)

any crisis u see coming isn't really a crisis or is it???

 

[The_Technician]

Quote:
Originally Posted by tsptalk
I see tekno and Wizard of Oz both went 100% I for tomorrow. That should get your attention. You guys have some inside info you'd like to share?



Nikkei opens down 197 points.

AORDS down 1%. :blink:

I would not expect much of a rebound in the I after todays action.....and then next week it could be another 3-4% down...or more.....

 

[Fivetears]

Have you been talking to Carnac, Tech?

I would not expect much of a rebound in the I after todays action.....and then next week it could be another 3-4% down...or more.....

 

[James48843]

Thanks Tom , for invoking the spirit of the 87 crash.


That ought to get the sentiment survey votes solidly into the "bear" camp.

You are right, of course. And here I sit, again, waiting for the uptick.

The difference now and the 87 crash, was that just before the 87 crash, EVERYBODY was walking around saying how you could make a lot of money in the market. I knew guys who took their student loan money and put it into the market in Sept/early Oct 87, because "It's a sure thing...".

I'm not hearing that this time around.

Got my fingers crossed.

 

[Brett]

OIL!! Right now I'm not so worried that the Fed will raise interest rates another quarter point, all I'm looking at now is the price of oil. If the public has to pay $3.50-4.00 a gallon, you can say hello to an instant recession. I think people will hold onto what money they have and consumer confidence will go right down proverbial toilet. I have never been so bearish as I am right now. Did someone say, 1987?

 

[James48843]

OIL!! If the public has to pay $3.50-4.00 a gallon, you can say hello to an instant recession.

That's what they were saying about $3 gas just three or four months ago.

When it hits $4, which, at the current pace, should be in about two more months, then we'll see a LOT of SUV's parked in driveways.

In my area, new housing sales have fallen 50% in the last three months already.

Economy headed DOWN.

 

[Wizard]

GE may send up the signal that all is well. Be right and sit tight - snort.

GE closed 32.67

Bid 32.63 Ask 32.66 in pre market

What does that mean? :embarrest: