Market Talk

[CFenton1982]

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Hey Spaf,

I just picked up a Dell laptop and a all-n-one printer for a total $718! Buy yourself a IBD newspaper and look for there IBD member discount section. That's were I found the deal, and I don't even belong with IBD. Just food for the thought.

Charlie

 

[Spaf]

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CFenton1982 wrote:

Hey Spaf,

I just picked up a Dell laptop and a all-n-one printer for a total $718! Buy yourself a IBD newspaper and look for there IBD member discount section. That's were I found the deal, and I don't even belong with IBD. Just food for the thought.

Charlie

Hey! Thanks Charlie. Will get right on it. :^

 

[Spaf]

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Tomorrow Wednesday March 2nd 2005
Lets see the table!

8:30 CT.......U.S. stock futures are pointing to a lower open Wednesday with investors jittery over interest rates ahead of Federal Reserve Chairman Alan Greenspan's appearance before Congress later in the day.

Oh good grief! o

 

[Spaf]

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11:30 CT S&P at 1214 punches through resistance of 1213.

Looks like it may hold.

Going with the weather and tea leaves to: 25, 0, 25, 25, 25.

 

[cowboy]

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If the market holds above 1214 today we may have a new plateau! This means tomorrow maybe good for all stock funds! The F fund is going lower daily guys a good sign for stocks.

 

[Spaf]

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cowboy wrote:

If the market holds above 1214 today we may have a new plateau!

My tea leaves say, kind of hard to read. Using new tea. Lets see I think there is a "8"or a "B" a...a..."U" a...a...can't read the rest, still hasen't settled out!

 

[Guest]

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Do not want to be a domesayer but job report Friday. Have to keep that in mind. Then next Friday is the trade balance report.

Interesting market.

 

[Guest]

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Longer term I am looking to go 100% in the markets on the 11th because I think the trade balance report is going to be a "shocker" - planning to short at the same time will get the TSP funds in. Monday expiration is a good day to be in the market. May let it ride until the next Thursday or get out that Monday. Longer term thinking.

In the good old days, a trend would last a week to a month. NOT 15-30 minutes.

I feel we got to make some money now, Mr Bubbles needed to get the longer term bonds to move up today. He did not get the job done (anyone surprised?). We are going to run into a wall sometime in the summer, maybe even after the next rate hike. IMHO.

Travel day. Got to get going. Be safe.

 

[Wheels]

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Spaf wrote:

11:30 CT S&P at 1214 punches through resistance of 1213.

I'm not sure I'd refer to 1214 as "punching" through 1213. More like dribbling through it. 1220 to 1225 - that would be punching through it. JMO

Dave

And it looks as if resistance held.

 

[tsptalk]

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Wheels wrote:

I'm not sure I'd refer to 1214 as "punching" through 1213. More like dribbling through it. 1220 to 1225 - that would be punching through it. JMO

Dave

And it looks as if resistance held.

What a day! I thought the morning reversal from down to up was going to be "it" and now we are failing again. The volatility just shows how unsure investors are. The last hour should be interesting. Will the bulls or bears step up?

 

[tsptalk]

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Dr_Dubious wrote:

Longer term I am looking to go 100% in the markets on the 11th because I think the trade balance report is going to be a "shocker" - planning to short at the same time will get the TSP funds in. Monday expiration is a good day to be in the market. May let it ride until the next Thursday or get out that Monday. Longer term thinking.

You lost me a bit Doc. 100% in the market / planning to short? Can you explain?

Thanks

 

[Spaf]

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Wheels wrote:

Spaf wrote:

11:30 CT S&P at 1214 punches through resistance of 1213.

I'm not sure I'd refer to 1214 as "punching" through 1213. More like dribbling through it. 1220 to 1225 - that would be punching through it. JMO

Dave

And it looks as if resistance held.

Dave! Would you go for as "pinching" through?

Tom said what a day!


The bears came out, then they got chased by the bulls, then they all started slipping and sliding in the oil, flattened them all out, right at the fence. Whew! :*


Well I guess we will have to start again tomorrow!


Caution large oil spill in middle of market area.

 

[cowboy]

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Now that the day is over and the C & S did not hold 1214. There is a good chance that they may fall some tomorrow but when were in this area it could fluctuate very quickly. It would not suprise me to see the I fund go over $16.00 by the end of the week.

 

[pogo]

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why ? do you think the I fund is going to 16.00

 

[learning]

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Dakota wrote:

MY MONITOR WENT OUT so I borrowed one just for the night been having net withdrawals It went to sleep and didn't wake up nice to hear from you guys all ya'll gd luck

LOL:l You sound like your from my agency!

Here is a thought. Put a tow in today for thursday. Was hoping for a little more down today. No, it was not down much. We see what happens Thursday. Perhaps Iwillget back to base all the way for Friday- 100% g.

 

[cowboy]

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pogo wrote:

why ? do you think the I fund is going to 16.00

Why the I has been strong and a $.15 move is not out of reach for afund such as I. I believe I fund will be up tomorrow and possibly Friday. Look at your I fund chart and the bugger is doing the same thing the last three times it moved down on us. It consistantly bounces off the ten day moving average at the moment and is trending up. It would suprise me if it does not go up by Friday. I was stupid not playing the move before. The other markets have toleap over resistance the I is at no resistance therefor $16.00 could be a cake walk by Friday. Now my moves have been right of late but I am not perfect. So if you don't like the risk don't make the move. Look at the I fund and you will notice it opened at the ten day average today then went up, it reacted exactly like I thought it would when I seen it. Tomorrow it will continue the trend I believe. I have been saying Iis a winnerand strong since it went over $15.48 ask anyone in it right now are they moving out of I fund.Of course you could go against it if you want. Ask Rolo if he is going to pull out of I fund or saraho. They don't move as much as me but they are still in it and I seen a bunch that just followed me in are all these systems wrong.

 

[Guest]

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tsptalk wrote:

What a day! I thought the morning reversal from down to up was going to be "it" and now we are failing again. The volatility just shows how unsure investors are. The last hour should be interesting. Will the bulls or bears step up?

In the good old days, a trend would last a week to a month. NOT 15-30 minutes.

:*

 

[Guest]

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tsptalk wrote:

Dr_Dubious wrote:

Longer term I am looking to go 100% in the markets on the 11th because I think the trade balance report is going to be a "shocker" - planning to short at the same time will get the TSP funds in. Monday expiration is a good day to be in the market. May let it ride until the next Thursday or get out that Monday. Longer term thinking.

You lost me a bit Doc. 100% in the market / planning to short? Can you explain?

Thanks

Sorry me brain moves much faster then me.

I am going to hedge my BEATS (in the casino).

Thursday night I am going to short the weakest indexes (QQQQs, NASDAQ,
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Financials, Pharam, etc, etc - will probably place 20-80 shorts-at times I have200 shorts going at once - like a Monkey with a football)...also at the same time I am going to go 50 S and 50 Cin the TSP. If the trade balance comes in bad I WILL WIN TWICE (at least in my warped and dubious mind). Because my shorts will work and my TSP account will purchase lower priced NAVs. As I have be saying the Expiration Monday is the surest thing you can get-that is a up day about 85% off the time. If the trade balance report comes in good I will take the shorts off and turn around and reverse and go long. My TSP will not get good NAVs but I will be in the market prior to the Expiration Monday. If the report is bad then I will take my shorts off (ha ha) when I get a good gain and maybe short again around lunch for the expected sell off prior to the close. If the report is good then I will keep my longs and sell about 1pm on Monday.In TSP I will probablygo back to G fund before the deadline on Monday and bank the "gains" or let 50% ride until Thursday. That weekis a good week to be in the market - the last two weeks of March - SUCK. At least that is the plan.

So, I am trying to even the odds against the house. Bad report - shorts work/tsp works, good reportall ready did the research for longs just reverse the shorts/tsp in the market prior to Expiration Monday. OK, that probably makes no sense (because I do not know if I explained it well) so if you need more clarification please let me know.

 

[Guest]

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Spaf wrote:

The bears came out, then they got chased by the bulls, then they all started slipping and sliding in the oil, flattened them all out, right at the fence. Whew! :*

Do not know if these means much, but all three of the major indexes now have "sell" candlestick signals. :I

 

[Spaf]

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Well back to the trading range and uncertainty.

The market had a bounce and penetrated the resistance level of 1213 on the S&P and held for a while today. Oil prices advanced becauce of supply data and the market lost it's strength, but did recover back to 1210 (inside the trading range).

A lot of ifs in the future: Oil, confidence, and job reports could change the direction up, down, or sideways. My feeling is that the market doesn't like uncertainty and we could be in a risky venture at this point, especially with oil at highs of $53.05

Effecting a transfer to 100% G-fund for tomorrow. I'll check the AM market for a hold or fold. May be going back to square one and capital preservation, and I'll also plan the same move for Friday,(for reasons ofgoing back home till Monday PM).

I feel like Charlie Brown when Lucy yanks the football away.

We still have the pennant |> in place, (for what its worth, at this point).

If the market breaks 1213 we could have a winner.
If the market runs to 1184 we could have a weiner.