Spaf
Honorary Hall of Fame Member
The Kingdom of TSP
Sunday Weekly
Early Edition
May 13, 2007
Sunday Weekly
Early Edition
May 13, 2007
Yak, Le Charts, Doodles, Tea Leaves, The Tin Box, The 5-Tribes and The Barn Yard
Kingdom Yak:
Pro-Yak.....................................The moving averages for SPX remain bullish as the 13d MA is above the 50d MA.
Con-Yak....................................Stochastics for the SPX reads bearish with %K under %D. And, the ROC is turning down from recent extended levels. The end of last week was a bit volatile as we dropped below the trend line support only to be partially rescued by dip buyers on Friday.
Jester-Yak.................................Don't trade against the dominant trend!
Doodles:
Stops................................................Alert (-1%)...Trail (-2%)
.....SPX....1505.85 +0.23 for the week.....1497............1482
Dollar.......................................82.12 +0.37 for the week ending...$USD
Lube (NYMEX) Closed at..............62.37 +0.44 for the week ending...NYMEX
Oil Markers................................<60= ok, 60-65= worry, >65= panic.
Tea Leaves:
Yakndoodles...............................Yellow.
Tin Box.
TSP (week ending)......G=11.91..F=11.37..C=16.77..S=20.41..I=24.28
....(1 week past)........G=11.90..F=11.38..C=16.76..S=20.40..I=24.40
....(2 week past)........G=11.89..F=11.34..C=16.62..S=20.28..I=24.14
....(3 week past)........G=11.88..F=11.34..C=16.51..S=20.19..I=24.24
....(4 week past)........G=11.87..F=11.28..C=16.16..S=20.00..I=23.93
....(end of 2006)........G=11.71..F=11.14..C=15.69..S=18.76..I=22.22
5-Tribes.
Tomorrow.................Tribes holding 3 bears and 2 bulls.
The Barn Yard
Location...................100% G-Fund. See what happens!