Market Talk / March 4th - 10th

[Birchtree]

That money will try and find the best yield - and it's not in Japan. My guess is a good percentage of it will be repatriated to the large cap SPX. We could be set for a very nice run - watch for the de-coupling from the OSMs. I've been patiently waiting two, no make that three years for the C fund to show character. Watch what happens when it all tries to get through the door at once - the venturi effect.

 

[Spaf]

Pre Market Trading at CNNMoney​

http://money.cnn.com/data/premarket/index.html

View attachment 1463​

 

[clester]

It says fair value 1404 and futues at 1379 so thats 25 below fair value. Am I reading it right???

 

[Birchtree]

The Dow futures could easily move to positive territory around 0300 hours. Any surprises will be going in the direction of the major trend. And that trend is still up. A 9.5% correction would put the S&P at 1320. I'm planning on a good cup of coffee in the morning.

 

[clester]

Might be time for a oversold bounce tue or wed.

 

[Rod]

Might be time for a oversold bounce tue or wed.

I'm sure there will be a bounce some day next week.

But who knows when.

 

[Birchtree]

It would catch all you Lilly Padders by surprise if it came on Monday, with follow through on Tuesday and Wednesday. I have cash and I'm ready for the dash. Hopefully the professionals understand what a 16.00 TRIN actually means to a market with the greatest amount of liquidity in the history of trading. We're seeing things with this bull market that we've never seen before. And now the carry-trade folks are clearly on the run - but to where?

 

[James48843]

Birch:

You may be prepped, but the train isn't headed in the right direction. At least not yet.

Hang on for a few more days, and you might be in a better place. Today though I think we are in for another big downer...

 

[robo]

Most users ever online was 309, 05-05-2006 at 02:36 PM.


Will Tom set a new record for TSPTALK today?

 

[tsptalk]

The over/under is 296.

 

[TRAFFIC_DOG]

It would catch all you Lilly Padders by surprise if it came on Monday, with follow through on Tuesday and Wednesday. I have cash and I'm ready for the dash. Hopefully the professionals understand what a 16.00 TRIN actually means to a market with the greatest amount of liquidity in the history of trading. We're seeing things with this bull market that we've never seen before. And now the carry-trade folks are clearly on the run - but to where?

Today's action feels a little different to me already. I think we could go higher for a few days but almost certainly bounce off the 50 DMA to continue the push down to around 1325 on the S&P.

 

[clester]

Be careful of these morning rallies. The dumb money buys early - smart money at the close. (I remind myself)

 

[weatherweenie]

Be careful of these morning rallies. The dumb money buys early - smart money at the close. (I remind myself)

Not lookin too good on the nasdaq intraday chart.

 

[weatherweenie]

St. louis' Poole says rate cuts possible in an 1987 like market meltdown, while also offerng the fact that the hawk is "not quite as hard-line," as he once was. Bloomberg

 

[robo]

Monday, March 05, 2007
ISM Non-Manufacturing Decelerates, Still Expanding
- ISM Non-Manufacturing for February fell to 54.3 versus estimates of 57.1 and a reading of 59.0 in January.

BOTTOM LINE: Service industries in the US expanded at a slower pace in February, Bloomberg reported. However, the employment component of the index rose to 52.2 from 51.7 the prior month. As well, the inventories component rose to 50.5 from 47 in January. Finally, the prices paid component fell to 54.8 from 55.4 in January. Consumer spending, which comprises more than two-thirds of the economy, remains healthy. Spending increased more than forecast in January and incomes rose by the most in a year, reports showed last week. I continue to believe the service sector will remain healthy over the intermediate-term as stocks resume their uptrend, weather becomes more seasonal, housing stabilizes at relatively high levels, interest rates remain low, inflation decelerates and the job market remains healthy.


http://hedgefundmgr.blogspot.com/

 

[ebbnflow]

If DOW manages to show some 'skin' after the market closes, the OSM should be alright tonight. The OSM are just waiting for any sign to rebound.

 

[Rod]

If DOW manages to show some 'skin' after the market closes, the OSM should be alright tonight. The OSM are just waiting for any sign to rebound.

I dunno about that. They had their chance last Thursday after USM "rallied" on Wednesday.

 

[ebbnflow]

The time wasn't right then. As VirginiaBob pointed out, we were just on phase one last week. We're about to undergo phase two (the rebound).

 

[Rod]

The time wasn't right then. As VirginiaBob pointed out, we were just on phase one last week. We're about to undergo phase two (the rebound).

I'll believe it after 5 consecutive UP days in all markets.

 

[350zCommTech]

If DOW manages to show some 'skin' after the market closes, the OSM should be alright tonight. The OSM are just waiting for any sign to rebound.

The one sign they're looking for is for the Yen to stabilize. As I posted in the I fund thread this morning, it looked like it might have, but once again it's inching up.