Market Talk / March 26 - April 1

[Spaf]

Daily Yak

The Kingdom of TSP
Daily Edition
March 30, 2006 Closing​

Yak, Doodles, Tea Leaves & The Tin Box

Kingdom Yak:
Market Yak..............................Mixed! Socks declining.
Other Yak................................Lube up over $67.

Doodles:
Socks [$SPX] Closed at..............1300.25, dn -2.64
Volume (CMF) (money flow).........-0.039, decreasing.
Averages (MACD) (trend)............+5.267, decreasing.
Momentum (S-STO) (signal).........66.38, decreasing.
Strength (RSI) Overbought/sold....[70] 55.08 [30]

Lube (NYM) Closed at..................67.15, up +0.70
Oil Markers................................<64= ok, 64-69= worry, >69= panic.

Tea Leaves:
Charts & Stuff............................Yellow

Tin Box:
Position....................................20% Socks
Stops [$SPX].............................Alert: NA, Trail: 1294

 

[Birchtree]

Son of Muhammad

I know this is starting to sound redundant but there were several new all-time index highs placed today while everyone is watching the I fund.

NYSE Composite at 8271.79 is a marginal new all-time high.
AMEX Composite at 1949.91 is a new all-time high.
S&P Mid Cap 400 index marginal new all-time high.
S&P Small-Cap 600 index equals its previous new all-time high.
Nasdaq Composite at 2340.82 is a better than 5 year recovery high.

And sadly it is probably time to break down the Nikkei from 17,045 back to 16,000 just for the heck of a good time. There have been two previous 1000 point corrections in the index since January'06.

I found out today I have another suitor for my Aztar (AZR) when will it stop - probably not until we top which ain't no time soon IMHO. At least I hope not.

Dennis - permabull #1 by default.

 

[vectorman]

Re: Son of Muhammad

I see the F fund is only down 2 cents, I expected at least 4 cents. Milkman you really slipped out of that with your shirt on. I guess the TSP police are now adusting the F fund, to keep us for timing that.

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=AGG

 

[FundSurfer]

2006 monthly trend

Anyone else notice how we have been going down the first couple weeks of the month and up the second two weeks? Maybe I've been looking at charts too long and I'm trying to rationalize to myself to stay in G-fund. I think I'll listen to myself and hold back on my aggressive impulse to dive into the market. Everything seems to be at the top of a trading range consistant with that monthly pattern.

 

[Birchtree]

Free 24 hour access

Jim Cramer is offering a free 24 hour pass to his web site at www.realmoney.com and it is full of good stuff - much of it bullish.

 

[ocean]

BT

You must spend a lot of time on your resarch for these financial sites. However they are all useful and thanks for sharing.

Ocean

 

[LA_Guy]

I listened to Jim Cramer on local KNX1070 AM channel during lunch time one day and he remind me of one of those guy from late night info commercial. Mostly trying to hype a stock and bunch of BS. He is trying hard to become one of those Analysts.

 

[Spaf]

I listened to Jim Cramer on local KNX1070 AM channel during lunch time one day and he remind me of one of those guy from late night info commercial. Mostly trying to hype a stock and bunch of BS. He is trying hard to become one of those Analysts.

Try CourtTV ....:cheesy: .....Spaf

 

[SkyPilot]

All time highs are a problem, unless we are going higher. Bull markets tend to run past previous peaks, don't they?

 

[Birchtree]

Going higher...much higher

According to James Dines research in 29 of the past 44 years the first two weeks of April ended more positively for the DJI than the final two weeks (66% of the time). If interested see the full article at www.thebullandbear.com web site.

 

[Birchtree]

Found some edible bear food for thought

Bloomberg - Chet Currier in Los Angeles.

or it could be worthless bearish drivel. "As the first quarter of 2006 ends stocks are smack in the midst of what is notoriously the most dangerous year of the U.S. political cycle - Year Two of a presidential term. Of the 12 declining years endured by the S&P 500 index since 1960, six occured in the second year of a presenditial administration. Those included the punishing declines of 24% in 2002, 30% in 1974, and 13% in 1966."

"However, from last 10/31/05 through the middle of this week, the big cap stock Russell 1000 index climbed 9.2 percent, which works out to an annual rate of 24%, including dividends. The small-cap Russell 2000 fared even better, gaining 19 percent for an annualized 52% return."

 

[Spaf]

This week is ending. So, will be closing the thread! Enjoyed your comments.
Helping folks to understand investing is a good thing.
See you all on the flip side. Regards and be careful!....

.....Spaf