Market Talk / October 15th - 21st

[ebbnflow]

The Mets lost Game 5 (4-2).

 

[CountryBoy]

From Bloomberg:

U.S. Stock-Index Futures Rise Before CPI Report; IBM Advances.

U.S. stock-index futures gained on speculation a report today will show consumer prices fell last month, an indication that inflation is under control....

http://www.bloomberg.com/apps/news?pid=20601087&sid=a.2VudzlMcKk&refer=home

Well this sounds like good news.

CB

 

[weatherweenie]

S&P futures vs fair value: +3.3. Nasdaq futures vs fair value: +4.8. Futures trade gets a boost following a tame read on inflation, now suggesting stocks will get back on the buying track. Total CPI fell 0.5% in September (consensus -0.3%), due to plunging energy prices, while the closely-watched core rate (ex-food and energy) rose 0.2%, matching forecasts.

 

[James48843]

Government Executive dot com (http://govexec.com ) has an article today, talking about some possible changes to the TSP.

One change being discussed is automatic enrollment upon hiring.

Another possibilty is to change the default fund from the "G" fund to an "L" fund automatic enrollment upon hire.

See details at: http://govexec.com/story_page.cfm?articleid=35275&dcn=todaysnews

 

[Spaf]

Daily Yak

The Kingdom of TSP
Daily Edition
October 18, 2006 Closing​

Yak, Doodles & Tea Leaves

Kingdom Yak:
Pro-Yak...................................Socks mixed. Lube under 58.

Con-Yak...................................Dow slipped off 12K.

Jester-Yak................................Indecision?

Doodles:
Socks [$SPX] Closed at..............1365.96, up +1.91
Stops......................................Alert: 1356. Trail: 1343
Trend (MACD-Hist)....................decreasing at +0.296.
Overbought/sold (S-STO)...........[80] 89.32 [20] decreasing.

Lube (NYM) Closed at..................57.65, dn -1.28
Oil Markers................................<70= ok, 70-75= worry, >75= panic.

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

 

[ayla]

I've always been interested in this volatility chard (symbol: VIX) at:
http://stockcharts.com/charts/performance/perf.html?$VIX

The peaks correspond to previous lows which means to me that they corresponded to good buying opportunities.

It is now showing less than zero which is one of the lowest readings it has had in a while. Perhaps it doesn't mean anything specifically but I'm wondering if it means this is a good time to sell.

 

[Spaf]

I've always been interested in this volatility chard (symbol: VIX) at:
http://stockcharts.com/charts/performance/perf.html?$VIX

The peaks correspond to previous lows which means to me that they corresponded to good buying opportunities.

It is now showing less than zero which is one of the lowest readings it has had in a while. Perhaps it doesn't mean anything specifically but I'm wondering if it means this is a good time to sell.

ayla,
Don't know too much about VIX! But you may want to look at:
http://www.investment-u.com/ppc/splash_marketvolatility.cfm?kw=XVVIUA19#5_strategies

 

[Oldcoin]

I've always been interested in this volatility chard (symbol: VIX) at:
http://stockcharts.com/charts/performance/perf.html?$VIX

Interesting, I’ve never heard of VIX. I found this article at investopedia.com.

http://www.investopedia.com/articles/optioninvestor/06/NewVIX.asp

 

[Oldcoin]

I think this is even a better article http://www.investopedia.com/articles/technical/02/081202.asp

 

[Show-me]

OPED meeting 12 noon eastern.

 

[CountryBoy]

Yeah Show-me,

Everything I've read this morning is Saying the same thing, pick your poison, bull or bear.

U.S. futures flatten on mixed set of earnings reports

http://www.marketwatch.com/News/Story/Story.aspx?column=Indications&siteid=

I almost bailed, 100%, to the CP safety of the G testerday, but kept half in the S. I wonder if OPEC annoucement will be the impetus to push the market, finally one way of the other. I'm also bullish, but this may be the day to jump all the way into the G for a day or 2.

We'll have to see what the market brings this morning.

Congrats on your very nice returns.

CB

 

[nnuut]

OPED meeting 12 noon eastern.

It seems they plan the timing of these things so we are stuck with a GUESS. Why not 11:00 MOPED?

 

[vectorman]

For the EFA index, all the gaps for the first part of Sept have been filled, but Sept 26th to 27th remains open.

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=EFA

The NASDAQ has had a great run but there is an up gap from Aug 15th to 16th that will eventually get filled.

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=NASDAQ

The AGG ( use to follow the F fund ), still has two nice gaps in need of filling in the middle of Aug.

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=AGG

 

[nnuut]

Vectorman, please school me on what may happen with these gaps in the charts. I seemed to have missed this one somehow?
Thanks Norman

 

[vectorman]

Vectorman, please school me on what may happen with these gaps in the charts. I seemed to have missed this one somehow?
Thanks Norman

http://www.investopedia.com/articles/trading/05/playinggaps.asp


There is no time frame when the gap will get filled. It may be days, weeks, months or years: but the theory is that the gap will eventually get filled.:nuts:

http://www.tsptalk.com/comments_archive/comments_7_11_06.html


BTW, there is no economic news set for tomorrow...http://www.nasdaq.com/asp/econodayframe.asp?page=http://www.nasdaq.com/econoday/index.html

 

[nnuut]

Thank VM, I'll read these after I decide what to do today before the deadline. Let's see, heads I'm in, tails I'm out?

 

[weatherweenie]

GOOG up $29 AH
SNDK down $6 AH

 

[tsptalk]

Neither seem to be having an effect on the futures as both the S&P and Naz futures are relatively flat. Maybe they are cancelling each other out.

 

[Spaf]

Daily Yak

The Kingdom of TSP
Daily Edition
October 19, 2006 Closing​

Yak, Doodles & Tea Leaves

Kingdom Yak:
Pro-Yak....................................Fundamentals look ok!

Con-Yak...................................We need to cool down a bit!

Jester-Yak................................Indicators seem to be dropping!

Doodles:
Socks [$SPX] Closed at..............1366.96, up +1.00
Stops......................................Alert: 1356. Trail: 1343
Trend (MACD-Hist)....................decreasing at -0.067.
Overbought/sold (S-STO)...........[80] 85.91 [20] decreasing.

Lube (NYM) Closed at..................58.50, up +0.85
Oil Markers................................<70= ok, 70-75= worry, >75= panic.

Tea Leaves:
Yakndoodles..............................Yellow with some red.

 

[James48843]

Incredible.

I just can't get over how resilient this market is. Another up day.

It's got to take a breather sometime......