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Market weather and Tarot Cards March 9 Closing

Weather:Indexes were sharpely down today. Oil rally broke in PM but market had succumbed to fear factor. Tomorrow could go eitherway!

Cards (charts): Add another red candlestick. S&P closed at 1207.01, down -12.42. The CMF money flow indicator showed a slight decline, but was positive. RSI relative strength was good. The MACD moving averageswere nearing crossover but still showing positive slant divergence.

Remarks: Holding 25-75. Stop at 1215 broken Next lower trend line 1200. Next higher trend line 1217. Undecided. Will ck AM market.
 
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I expect Tom will be posting the oil price chart / market correlation in his comments tomorrow...

I'm going to sit on the sidelines and wait for the oil price to either drop or stabilize. Friday's breakout could very well have been a blip, given the high-priced oil environment we are in right now.
 
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Addendum to Market Closing March 9 2005

We really have some mixed signals.

Don't know whether to fold 'em, hold 'em or run!

Two down days stirred with fear have put us in the twilight zone. Prices are close to crossing the 20 day moving averages. The RSI strength of the market is ok. The MACD is still positive. But the STOCH is indicating sell.

What a mixed bag of indicators!

What is my strategy? Make gains, or perserve capital! Check AM market for a hold or fold. Transfering to 100%G and will cancel on upturn.

attachment: S&P Chart with indicators. What a mix!!!

Rgds! :? Spaf
 
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pyriel wrote:
Hmmmm.... Pretty quiet. Must be bearish time again...
I'm trying to start breathing again after the last two day. And the international markets aren't making it any better. That thumping you hear in the background is my fist slamming into my chest trying to start my heart and clear the hairball from my lungs.:* Asia did poorly, EuroZone is starting poorly, futures are slightly down and dollar is down.

Well it’s good to be alive! Good luck everyone! We’ll survive.
 
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If the S&P is down again this morning by at least 3-4 points, I will seriously consider going 100 C to catch what would likely be a Friday bounce. I'll wait 'til 10:30 to decide on this one.
 
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TradeBalance.asp


While the trade balance is currently bullish, the trendsince Dec 2001shows a widening trade balance. Especially since the end of 2003. The lower dollar has not helped this situation as it was hoped it would, thanks to China in large measure. Plus Asians and Europeans are not spending, which compounds the problem.

Look at the drop in just the last year. Does this look like we're successfully increasing our exports and lowering imports?

This report Friday is a market mover. Youcertainly want to be on the right side or it. If it's a good report the market will do cartwheels, probably in spite of oil, although oil will probably drop in price as the dollar would almost certainly gain strength based on a good report. If not, Friday may be a goodday to get in to catch a bounce next week.

Tough call. Good luck everyone!
 
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Weather Report 10 March Pre-opening

NEW YORK (MarketWatch) - U.S. stocks were headed for a slightly higher open Thursday morning as an unexpected rise in unemployment claims helped calm investor worries about inflation.

NEW YORK (MarketWatch) - Crude futures softened slightly in pre-market trade Thursday, as investors awaited the U.S. Department of Energy's natural gas storage weekly report.



Is it ok to take the oxygen mask off? I still have a order in for a G-fund resuscitator. Might have to cancel that order if I can start breathing on my own!

Rgds! :* Spaf
 
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I was curious if there was a trend in what usually happens with the market when the trade report is released and how far off the analysts forecast was. So I crunched some numbers and can't see any conclusive evidence whether the market goes up or down on the report. Please look at this and make comments.
 
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Nice chart. I think the bigger factor is the $ decline due to sentiment which clearly favors I fund coupled with the EFA being invested in leading companies. Strange to see the Euro climb in a very boring, unattractive european GDP environment. But relative to all the funds starting out at an equal $10 a share, it is clear to be in the S and I over this period. So I think relative to your Q., there must be a play with the trade report and I'm playing I fund because of the surrounding clatter!



Good luck - 100% I fund and waiting!
 
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G-Man wrote:
I was curious if there was a trend in what usually happens with the market when the trade report is released and how far off the analysts forecast was. So I crunched some numbers and can't see any conclusive evidence whether the market goes up or down on the report. Please look at this and make comments.
It's mixed. I tried to find a trend last night too, but could not come up with one. Oil may play a factor tomorrow.

One thingthat strikes me,your numbers show we have not had 2 months in a row of a lowered trade balance for that time frame. If that trend holds then the trade deficit will widen tomorrow.
 
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I might be stupid for thinking this, but with all this talk about a bad trade report coming, I'm starting to wonder if it's already been priced into the markets *and* the currency. I can't think of any other compelling reason for the dollar dropping so rapidly this week.

A positive surprise of any kind in the trade report could lead to a reversal... some food for thought.

I'm playing theC fund due to its relative cheapness and the belief that I don't see a fourth big down day in a row (assuming today ends in the red... it's well on its way to that as I post this).
 
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vectorman wrote:
Hard to catch a falling knife. Good luck all.;)
I think I'll put her in the hanger....cough....gasp. I think....gag....I flew through some....hack....smoke this morning. Things started getting blurry, almost....cough....cough....hit a tree!

Am I gonna give that weather forecaster a piece of my mind!
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Rgds!! :shock: Spaf
 
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Mike wrote:
I might be stupid for thinking this, but with all this talk about a bad trade report coming, I'm starting to wonder if it's already been priced into the markets *and* the currency. I can't think of any other compelling reason for the dollar dropping so rapidly this week.
That's a good thought Mike. It may very well be priced in. And I think you're right about the dollar too, in large measure anyway.
 
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We had a good day. Good being up in the S&P. I thought it would have been higher. Hence I think Friday will be good. However, (time to cover myself) the fuel reports come out I believe on Friday. However,I believe Friday will be good. Not, Monday. If Friday takes off and I hope it does. I believe Friday 6 or 7 pts, plus. Monday could be for profit taking. No, more one day trades though. Have not been hurt, the riskis to great.This fund just is not made for quick trades.

SPAF. From 01/01/05 I'm a little down. NO, Figures, (respect privacy), If you do not mind are you up or down from this date? No presure, you don't want to answer dont, no hurt feelings. I do not like to share my information. That is why I do not post percentages. I am just looking for comparison to a person that appears to know what they are doing.

Last- Those of you in the I fund appear to miss one thing. The British Pound. Euro and Yen, Yang etc... is fine, the pound is where a lot of the money is at. Or am I wrong? I believe the I fund has mostly the Pound then other currencies. It is light on Asia?

Take Care and be careful. G is safe and the waters are just to choppy for me.
 
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learning wrote:
Last- Those of you in the I fund appear to miss one thing. The British Pound. Euro and Yen, Yang etc... is fine, the pound is where a lot of the money is at. Or am I wrong? I believe the I fund has mostly the Pound then other currencies. It is light on Asia?
It's 71% Europe overall (UK is 25.8%) and 29% Asia/Austrailia of whichthe Yencomprises 21.4%. Those are the two heavyweights.
 
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