Market Talk / September 17th - 23rd

[nnuut]

Now What? Initial reaction is a downward drop!
As expected, Fed keeps interest rate target unchanged

Staff and wire reports
WASHINGTON — With the economy shifting into a slower gear and inflation apparently easing, Federal Reserve officials on Wednesday decided to keep interest rates where they are for now.
The policymaking Federal Open Market Committee decided to leave its target for the federal funds rate — what banks charge each other for overnight loans — at 5.25%.
That means the' prime lending rate that banks use as a base for millions of consumer and business loans, will stay at 8.25%, and many adjustable-rate loans will not have to adjust
http://www.usatoday.com/money/economy/fed/rates/2006-09-20-unchanged_x.htm

 

[Birchtree]

As a reminder there is a ten week low that's ideally due for the end of next week - 9/29/06.

 

[tsptalk]

Now What? Initial reaction is a downward drop!

But the end result was significanly higher. Historically, that sets up a sell off later this week but reliable indicators have been a little flakey lately.

 

[Spaf]

Daily Yak

The Kingdom of TSP​

Catfish Channel​

Daily Edition
September 20, 2006 Closing​

Yak, Doodles, Tea Leaves & The Tin Box

Kingdom Yak:
Pro-Yak....................................Good earnings and lower lube!

Con-Yak...................................Riding the resistance crest!

Jester-Yak................................Let the younguns take the risk!

Doodles:
Socks [$SPX] Closed at..............1325.18, up +6.87.
Volume (CMF) (money flow).........+0.177, rising.
Averages (MACD) (trend)............+7.064/6.222, weak divergence.
............ (MACD) (Hist)..............slightly up at +0.842.
Momentum (S-STO) (signal).........86.96, flat.
Strength (RSI) Overbought/sold....[70] 67.20 [30]

Lube (NYM) Closed at..................60.74, dn -1.43
Oil Markers................................<70= ok, 70-75= worry, >75= panic.

Tea Leaves:
Yakndoodles..............................Yellow (caution).

Tin Box:
Position....................................100% G.
Stops [$SPX].............................Alert: 1312. Trail: 1299.

 

[Fivetears]

How many were seated on the train? :nuts:

The BULL is showing some character today. How many will chase the train today?

 

[Fivetears]

September as of 19th: (20th not posted at TSP yet.)

F- .18%
C- .62%
S- (.17%)
I- (1.68%)

 

[FundSurfer]

Date G FUND F FUND C FUND S FUND I FUND
Sep 20, 2006 11.56 10.95 14.58 17.24 19.90
- +.01 +0.08 +0.12 +0.06

I think those buying the I-fund got a steal today.

 

[Birchtree]

All it will take is 109 points on the Dow for a new all-time high past 11,722.98. I'm in deep enough to say we do it tomorrow without hesitation. Rock on Tom Petty - he's in town tomorrow evening with Stevie Nicks.

 

[nnuut]

But the end result was significanly higher. Historically, that sets up a sell off later this week but reliable indicators have been a little flakey lately.

Sorry just got back from a night on the town. Hope the "I" is nice tomorrow, lots of us were hoping for alot more out of today, but you never know, but it was an up day!!! let's just wait and Seeeeeeee!

 

[James48843]

"I" looking good this morning.

Nikkei, FSTE, CAC, DAX all in positive territory.

 

[SkyPilot]

USD down as well!

 

[Show-me]

Maybe we I funders will make up some serious ground today.

 

[FundSurfer]

Rock on Tom Petty - he's in town tomorrow evening with Stevie Nicks.

I've seen Tom Petty in G'ville before. He gives an incredible show to his home town folks.
Is Stevie the open or are they duet?

 

[mlk_man]

One thing I think people should keep in the back of their minds:

http://en.wikipedia.org/wiki/Stagflation

 

[SkyPilot]

One thing I think people should keep in the back of their minds:

http://en.wikipedia.org/wiki/Stagflation

Another thing to ponder:

http://en.wikipedia.org/wiki/Portmanteau

 

[Birchtree]

Fundsurfer,

Stevie will be doing some duets. The Strokes are the opening band - from NYC. Tickets were all sold within 30 minutes. And we have cooler weather so it should be a rowdy town.

 

[mlk_man]

Another thing to ponder:

http://en.wikipedia.org/wiki/Portmanteau

I hear Portmanteaus are good for you. Or was that Pomegranates....

 

[Pilgrim]

Jobless claims and natural gas didn't do much. All that's left for today is the Phiily Fed at noon. What will it take to get things going?

 

[ebbnflow]

Jobless claims and natural gas didn't do much. All that's left for today is the Phiily Fed at noon. What will it take to get things going?

The smart money late afternoon?

 

[vectorman]

The smart money late afternoon?

I guess that was the Smart money in Germany and UK. Lets see if the US follows their example this afternoon.

http://www.allstocks.com/markets/World_Charts/world_charts.html