Market Talk / Nov. 12 - Nov. 18

Sort by newest Sort by date
I thought I was up early! I'm keeping my 50% if the trend continues up in equities and the other half in safe keeping. OSM have just been lousy this week. USD index has been bouncing off some resistance to make things worse. I need to look at how the I fund has done historically the week of Thanksgiving.
 
My gut is telling me it's time for a good pullback. I think we've hit that 1400 mark, and the market is ready for a breather.
I will be looking very hard at the numbers before noon today and may be moving a lot more off to the sidelines.

I have no fact to go along with that, just my gut feeling saying "Time for a rest".
 
I am with you on the pullback. It's been a straight-up advance, and pundits keep saying we need a pullback (and I agree!). The pullback keeps stalling, but if smart money has pulled out, this will exhaust the buying power of dumb money. IF SOMEONE CAN CONFIRM WHETHER SMART MONEY IS GOING NEUTRAL OR SHORT, PLEASE POST YOUR THOUGHTS.

James48843 said:
My gut is telling me it's time for a good pullback. I think we've hit that 1400 mark, and the market is ready for a breather.
I will be looking very hard at the numbers before noon today and may be moving a lot more off to the sidelines.

I have no fact to go along with that, just my gut feeling saying "Time for a rest".
Click to expand...
 
From Market Watch,

http://tinyurl.com/wap23

With next week being Thanksgiving, is volume trading statiscally low during this week? And if so, hasn't normally low volume trading days been green?

Along with Tom's morning's comments about the week of Thanksgiving, it might be worthwhile being in the market starting on Monday for a few days.

I'm kinda thinking about that, but still leery of acting just solely on my own analusis, due to my inexperience. Thoughts?

CB
 
Comeuppance - A punishment or retribution that one deserves; one's just deserts: :)
Birchtree said:
If I could just see a 200 point banger for some comeuppance....no one would be expecting such a move - the bears would luxuriate in their pain thinking this is the blow off top - wrong Teddy. You will have to pay to play.
Click to expand...
 
S&P futures vs fair value: +0.3. Nasdaq futures vs fair value: -2.2. Futures versus fair value are signaling a lackluster start for stocks. Given the market's pre-occupation with the current housing slowdown and its impact on consumer spending and Fed policy, Housing Starts and Building Permits data at 8:30 ET are apt to set a more definitive tone for this morning's trading. The hesitation on the part of buyers is also being driven by a burgeoning sense that the market is overbought on a short-term basis, especially after five consecutive winning sessions that lifted the Dow to three straight record closes.
 
2003 - NOV 24 - 28: $11.77 up to $11.98
2004 - NOV 22 - 26: $14.57 up to $14.85
2005 - NOV 24 - 28: $16.81 up to $16.85 (with a $16.92 surge in the middle):)
Show-me said:
I thought I was up early! I'm keeping my 50% if the trend continues up in equities and the other half in safe keeping. OSM have just been lousy this week. USD index has been bouncing off some resistance to make things worse. I need to look at how the I fund has done historically the week of Thanksgiving.
Click to expand...
 
Last edited:
S&P futures vs fair value: -2.5. Nasdaq futures vs fair value: -6.5. Early indications continue to deteriorate heading into the opening bell. Aside from the weak housing data, investors are also grappling with some mixed feelings about the latest batch of earnings. Dow component Hewlett-Packard (HPQ) said Q4 profits nearly quadrupled and issued upside Q1 and fiscal 2007 guidance, but Starbucks (SBUX) plunging 6% in pre-market action after in-line results and guidance failed to live up to the market's high expectations is weighing on the Nasdaq, On a positive note, oil prices continue to plunge and are off 1.4% at $55/50/bbl, but throw in an analyst downgrade on Exxon Mobil (XOM), and the lack of leadership in the Energy sector also looks to act as an obstacle the bulls may find hard to overcome after five straight days of gains.
 
What is everyone's feelings about Monday? Briefing.com thinks that the leading indicator's may go up .4%. THis would be good for the economic picture and would thwart those recessions ideas a bit, but it might also stoke those inflation concerns and the Fed already said they are still more concerned about inflation than recession right now. This might also increase the chances of another Fed hike which would strengthen the dollar and hurt the I fund correct?

Then again, the concensus is for it to be up only .2%. I think the best news would be a flat report.

Just thinking out loud.....................
 
...could be the start of money moving from overseas' markets back to US indices. Kind of a grand statement but the dominos seem to be lining up in favor of this possibility. In the very near term C&S seem to have more upside, the I is starting to look like it may trend downward to some support levels. Just speculation.
 
weatherweenie said:
.....but Starbucks (SBUX) plunging 6% in pre-market action after in-line results and guidance failed to live up to the market's high expectations is weighing on the Nasdaq, ....
Click to expand...




THAT'S IT! THAT'S THE SIGNAL!

IT'S THE COFFEE! IT'S THE COFFEE!


EVERYBODY SCRAMBLE! HEAD FOR THE HILLS! TAKE YER MONEY OFF THE TABLE AND HANG ON!

IT'S THE COFFEE SIGNAL ! THE COFFEE SIGNAL!!!!

WHEN STARBUCKS TANKS, LOOK OUT BELOW!
 
James48843 said:
THAT'S IT! THAT'S THE SIGNAL!

IT'S THE COFFEE! IT'S THE COFFEE!


EVERYBODY SCRAMBLE! HEAD FOR THE HILLS! TAKE YER MONEY OFF THE TABLE AND HANG ON!

IT'S THE COFFEE SIGNAL ! THE COFFEE SIGNAL!!!!

WHEN STARBUCKS TANKS, LOOK OUT BELOW!
Click to expand...

Wonder if it's because of all them energy drinks out now.....hmmmmm......:blink:
 
James48843 said:
THAT'S IT! THAT'S THE SIGNAL!

IT'S THE COFFEE! IT'S THE COFFEE!


EVERYBODY SCRAMBLE! HEAD FOR THE HILLS! TAKE YER MONEY OFF THE TABLE AND HANG ON!

IT'S THE COFFEE SIGNAL ! THE COFFEE SIGNAL!!!!

WHEN STARBUCKS TANKS, LOOK OUT BELOW!
Click to expand...

If you read the following explaination:

"Flow-through of strong revenue to operating profit was hampered by higher costs in labor, green coffee, utilities, and an unfavorable mix shift," noted analysts at Goldman Sachs.

And you were employed as a talking head, would you have the courage to put it into ordinary words, such as:

"Despite strong revenues, profits were crippled by inflationary pressures in both raw materials and labor"

It's all in how you spin the story.
 
Those who think that the world economy can still grow healthy even as America slows will take heart from Japan, where GDP looked unexpectedly strong in the third quarter.

Short interest on both the NYSE and NASDAQ have been rising relentlessly over the last six years. The NYMEX IPO opened up 50 points above offering price. That may be the impetus to impulse us higher today.
 
You must log in or register to reply here.

Similar threads

tsptalk
  • Article Article
TSP Talk - Did the jobs report break the market?
Replies
0
Views
984
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - CPI was warm, but maybe not as bad as expected
Replies
0
Views
804
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk: The bear market faces positive holiday bias
Replies
0
Views
521
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk Market Commentary 03/30/2020
Replies
0
Views
923
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk Market Commentary 5/21/2020
Replies
0
Views
401
tsptalk
tsptalk
Back
Top