Market Talk / May 20th - 26th

[Oldcoin]

I’ve tried to track him, but to no avail. Now that he is employed by Pimco <-- ? they may publish it. But look at the power they got when they hired him; they can send him out and move markets and make a fortune shorting the market.

 

[tsptalk]

Good call Tom……has anyone seen a dip buyer? I want to unload some stocks!

You may get your chance. A copied a post I made from another thread...

sentimentrader says this break of support has put the short term into very oversold territory - a place where the market has been able to rebound strongly from in the past. We can't win. This TSP deadline is really killing any attempt to make short term plays. I guess we should know better. These big intraday reversals don't help either.

Of course any rally here could be short-lived. Keep watching 1522 on the S&P. It could act as resistance now.

 

[wht00ss]

"The Dow is now working on its 8 consecutive week of higher highs and has gained over 1650 points since mid March" so I wouldn't go into chicken little mode because of today.- moving to the sidelines may not be a bad idea but let's keep things in perspective.

white

 

[Spaf]

The Kingdom of TSP
Daily Edition
May 24, 2007 Closing​

Yak, Le Charts, Doodles, Tea Leaves, 5-Tribes, and The Barn Yard.

Kingdom Yak:
Pro-Yak....................................Moving averages for [SPX] remain bullish with the 13d MA above 50d MA.

Con-Yak...................................[SPX] closed below it's 13d MA indicating a bearish trend. The stochastics is still registering bearish with %K under %D.

Jester-Yak................................Not many dip buyers!

Le Charts

Charts courtesy of www.stockcharts.com​

Doodles:
Stops.......................................Alert (-1%)....Trail (-2%)
.....SPX........1507.51 -14.77........X1510...........1495

Dollar........................................82.42 +0.12 for the day.

Lube (NYMEX) Closed at...............64.18 -1.59 for the day.
Oil Markers.................................<60= ok, 60-65= worry, >65= panic.

Tea Leaves:
Yakndoodles...............................Yellow!

5-Tribes
Tomorrow...................................Tribes are still holding 1.5 bears to 3.5 bulls.

The Barn Yard
Location.....................................100% G.

 

[FundSurfer]

The BIG question on everyone's mind.... Bounce or Rebound. I'm leaning toward rebound myself.

 

[AIF]

If the rebound holds that means I'm caught in a whipsaw yet again! If the current trend holds will there be any room for upward movent in the I Fund for Tuesday?

AIF

 

[wht00ss]

Everyone have a good a safe Memorial Day and let's not forget why we have this holiday and perhaps raise a glass and toast the ultimate sacrifices made.

Semper Fi

white

 

[Spaf]

wht00ss,
You and Birch and others might be interested in this.
http://www.govmint.com/default.asp?pid=
Go to coin search and enter "vietnam".
I'm a sometime customer of theirs. Some of their stuff can get a bit pricey!
Have a good and safe Memorial Day.
Spaf

 

[Spaf]

Will be closing out this weekly thread and starting a new one!
Thanks for all the views and posts!
Have a great weekend and a safe and happy Memorial Day!
Regards
Spaf