fabijo
Well-known member
Sorry everyone. I've been eating beans.
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Market Talk / Nov. 26 - Dec. 2
- Thread starter Spaf
- Start date
Sorry everyone. I've been eating beans.
Spaf
Honorary Hall of Fame Member
Daily Yak
Yak, Doodles, Tea Leaves & The Tin Box
Kingdom Yak:
Pro-Yak....................................Looks like back up!
Con-Yak...................................And so is oil!
Jester-Yak................................indecision.
Doodles:
Socks [$SPX] Closed at..............1400.63 up +1.15
Stops......................................Alert: 1393. Trail: 1380
Trend (MACD-Hist)....................increasing at -1.310.
Overbought/sold (S-STO)...........[80] 61.97 [20] increasing!
Lube (NYM) Closed at.................63.13, up +0.67
Oil Markers...............................<70= ok, 70-75= worry, >75= panic.
Tea Leaves:
Yakndoodles.............................Yellow.
Tin Box:
TSP........................................Safe; capital preservation.
The Kingdom of TSP
Daily Edition
November 30, 2006 Closing
Daily Edition
November 30, 2006 Closing
Yak, Doodles, Tea Leaves & The Tin Box
Kingdom Yak:
Pro-Yak....................................Looks like back up!
Con-Yak...................................And so is oil!
Jester-Yak................................indecision.
Doodles:
Socks [$SPX] Closed at..............1400.63 up +1.15
Stops......................................Alert: 1393. Trail: 1380
Trend (MACD-Hist)....................increasing at -1.310.
Overbought/sold (S-STO)...........[80] 61.97 [20] increasing!
Lube (NYM) Closed at.................63.13, up +0.67
Oil Markers...............................<70= ok, 70-75= worry, >75= panic.
Tea Leaves:
Yakndoodles.............................Yellow.
Tin Box:
TSP........................................Safe; capital preservation.
What ever happened to this Nightmare bought to our attention on 21 September:
http://www.tsptalk.com/comments_archive/comments_9_21_06.html
The S&P closed at 1400.63 today, and we're well into December.
http://www.tsptalk.com/comments_archive/comments_9_21_06.html
The S&P closed at 1400.63 today, and we're well into December.
Spaf
Honorary Hall of Fame Member
It kind of looked like it wanted to go back up. The advances were small and today was a fadeout at the end. The indicators while positive for now they could turn on a dime without some strength. Thus the yellow/caution.
The Doji candlestick signals indecision (today). If the market doesn't know where it wants to go.
What tsptalk has been saying in his comments, there is reasoning behind it.
We need a good entry point and the market needs to consolidate somewhat.
Just MHO
Spaf
350zCommTech
Well-known member
robo
Well-known member
I think we will get a buying op in the next week or so. New month, window dressing over, cold weather, Middle East heating up, oil headed up. Time to test support levels around 1360ish and Buy Birchtree's Large Cap!
That's my opinion. I still stand by my my trading range into 2007 year end. Around 1350 to 1400 and watch out the first part of 2007. Some are thinking much higher and they could be right, but I'm not chasing here. I know we closed at 1400 again today, but can we stay above it?
Fivetears,
We have to wait until 2007 to see who got the housing prediction correct. It's looking pretty ugly, and the Fed is Pumping M3 out by the truck-loads to save us from a recession and taking the dollar down in the process. The Bond market thinks the Fed will have to cut rates down to 4% next year to save us.
Stay tuned, its still to early to know, but the Bond market has spoken!
Don't think December will be easy money, stay on the train, enjoy the ride, but watch out for Mr. Market.
That's my opinion. I still stand by my my trading range into 2007 year end. Around 1350 to 1400 and watch out the first part of 2007. Some are thinking much higher and they could be right, but I'm not chasing here. I know we closed at 1400 again today, but can we stay above it?
Fivetears,
We have to wait until 2007 to see who got the housing prediction correct. It's looking pretty ugly, and the Fed is Pumping M3 out by the truck-loads to save us from a recession and taking the dollar down in the process. The Bond market thinks the Fed will have to cut rates down to 4% next year to save us.
Stay tuned, its still to early to know, but the Bond market has spoken!
Don't think December will be easy money, stay on the train, enjoy the ride, but watch out for Mr. Market.
weatherweenie
Well-known member
6:33AM S&P futures vs fair value: +2.4. Nasdaq futures vs fair value: +1.0.
weatherweenie
Well-known member
08:00 am : S&P futures vs fair value: +1.8. Nasdaq futures vs fair value: +0.5. Both the S&P 500 and Nasdaq 100 futures are trading above fair value, suggesting stocks may kick off day one of December with a gain. Be that as it may, there is little conviction on the part of buyers as the market waits for today's economic data to set a more definitive tone to trading. With an update on regional manufacturing activity (e.g. Chicago PMI) checking in yesterday just below the dividing line between growth and contraction, the market is exhibiting more of a wait-and-see attitude heading into today's ISM Index (10:00 ET), which will provide color on national manufacturing conditions.
James48843
Well-known member
Just in case anybody wanted to know what the max per-pay period contribution should be for FY-2007, in order not to lose any agency matching funds, my Agency (FAA) sent this out this morning.
++++++++++++++++++++++++++++++
Employees covered by the Civil Service Retirement System (CSRS) which includes CSRS Offset, or the Federal Employees Retirement System (FERS) may increase their annual contribution rate to $15,500 for 2007. High-salaried FERS employees who contribute the maximum amount should consider evenly spreading the contributions throughout the year to ensure maximum agency matching.
Once the IRS limit of $15,500 is reached, your contributions must be suspended for the balance of the year. If you are covered by FERS, your Agency Matching Contributions will also be suspended when the annual limit on elective deferrals is reached. Agency Matching Contributions are based upon the amount of employee contributions that you pay each pay period. If there are no employee contributions, there can be no Agency Matching Contributions.
To receive the maximum Agency Matching Contributions in 2007, you can contribute a dollar amount each pay period so your contributions are spaced out over all the pay dates in the year. By contributing $575 every two weeks, for 27 pay periods, you will maximize the Agency Matching Contribution by not reaching the IRS elective deferral limit ($15,500) before the end of the calendar year. To do this, you must make an election of $575 through Employee Express (wwwemployeeexpress.gov) by December 9. The action should be effective December 10, 2006, (Pay Period 1). The first deduction will be made from the paycheck you receive on January 2, 2007.
If you submit your election after December 9, you will need to adjust the dollar amount because contributions will be made over less than 27 pay periods. You can compute the amount using the Elective Deferral Calculator on the TSP website at www.tsp.gov.
If you are a TSP participant who will be age 50 or older during 2007 you may also submit additional TSP catch-up contributions. The 2007 IRS limit for catch-up contributions is $5,000. You must make a new catch-up election each calendar year through Employee Express. There is no Agency Automatic or Matching Contribution for TSP catch-up contributions. To be eligible for TSP catch-up, you must be contributing the maximum of $15,500 in regular TSP contributions. The TSP open season has been eliminated so you may make your TSP contribution election and TSP catch-up contribution election at any time. **Please make sure to enter the amount you wanted deducted PER PAY PERIOD. If you enter $5,000 as the amount you want to contribute per pay period, the entire $5,000 will be deducted from your pay check, provided you have sufficient net income to do so.
You will need your Employee Express Personal Identification Number (PIN) to submit your TSP contribution election and TSP catch-up election. If you need assistance with your Employee Express password please call the Employee Express helpdesk at 1 (478) 757-3030 or 1 (888) 353-9450. The TTY number is 1 (478) 757-3117 or 1 (888) 880-0412.
If you would like to change the way your money is allocated between the TSP funds you must make that change on the TSP website at www.tsp.gov.
If you have questions on TSP or TSP catch-up contributions please contact your servicing Benefits Specialist at your Human Resource Management Division for more information. You may also contact Jan Armstrong, AHP-400, (202) 267-7287 or Teresa Marler, AHP-400, (202) 267-9468.
(This message was intentionally sent to all FAA Government employees and not to contractors)
+++++++++++++++++++++++++++++++++
Not that I will ever be able to max it out- I don't make the long paychecks.....but it is good to know stuff.
++++++++++++++++++++++++++++++
Employees covered by the Civil Service Retirement System (CSRS) which includes CSRS Offset, or the Federal Employees Retirement System (FERS) may increase their annual contribution rate to $15,500 for 2007. High-salaried FERS employees who contribute the maximum amount should consider evenly spreading the contributions throughout the year to ensure maximum agency matching.
Once the IRS limit of $15,500 is reached, your contributions must be suspended for the balance of the year. If you are covered by FERS, your Agency Matching Contributions will also be suspended when the annual limit on elective deferrals is reached. Agency Matching Contributions are based upon the amount of employee contributions that you pay each pay period. If there are no employee contributions, there can be no Agency Matching Contributions.
To receive the maximum Agency Matching Contributions in 2007, you can contribute a dollar amount each pay period so your contributions are spaced out over all the pay dates in the year. By contributing $575 every two weeks, for 27 pay periods, you will maximize the Agency Matching Contribution by not reaching the IRS elective deferral limit ($15,500) before the end of the calendar year. To do this, you must make an election of $575 through Employee Express (wwwemployeeexpress.gov) by December 9. The action should be effective December 10, 2006, (Pay Period 1). The first deduction will be made from the paycheck you receive on January 2, 2007.
If you submit your election after December 9, you will need to adjust the dollar amount because contributions will be made over less than 27 pay periods. You can compute the amount using the Elective Deferral Calculator on the TSP website at www.tsp.gov.
If you are a TSP participant who will be age 50 or older during 2007 you may also submit additional TSP catch-up contributions. The 2007 IRS limit for catch-up contributions is $5,000. You must make a new catch-up election each calendar year through Employee Express. There is no Agency Automatic or Matching Contribution for TSP catch-up contributions. To be eligible for TSP catch-up, you must be contributing the maximum of $15,500 in regular TSP contributions. The TSP open season has been eliminated so you may make your TSP contribution election and TSP catch-up contribution election at any time. **Please make sure to enter the amount you wanted deducted PER PAY PERIOD. If you enter $5,000 as the amount you want to contribute per pay period, the entire $5,000 will be deducted from your pay check, provided you have sufficient net income to do so.
You will need your Employee Express Personal Identification Number (PIN) to submit your TSP contribution election and TSP catch-up election. If you need assistance with your Employee Express password please call the Employee Express helpdesk at 1 (478) 757-3030 or 1 (888) 353-9450. The TTY number is 1 (478) 757-3117 or 1 (888) 880-0412.
If you would like to change the way your money is allocated between the TSP funds you must make that change on the TSP website at www.tsp.gov.
If you have questions on TSP or TSP catch-up contributions please contact your servicing Benefits Specialist at your Human Resource Management Division for more information. You may also contact Jan Armstrong, AHP-400, (202) 267-7287 or Teresa Marler, AHP-400, (202) 267-9468.
(This message was intentionally sent to all FAA Government employees and not to contractors)
+++++++++++++++++++++++++++++++++
Not that I will ever be able to max it out- I don't make the long paychecks.....but it is good to know stuff.
weatherweenie
Well-known member
Also said that a rate cut 'might' need to happen sooner than expected.
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