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Market Talk
- Thread starter Spaf
- Start date
teknobucks
TSP Pro
- Reaction score
- 3
imported post
Spaf wrote:
Spaf wrote:
maybe practicing with their own social security accts will make them better...look where we have all gotten playing with our tsp accts....LMAO:shock:
Spaf
Honorary Hall of Fame Member
- Reaction score
- 45
imported post
The Kingdom of TSP
Market weather and Tea LeavesApril5 Closing
Weather: Indexes higher. Energy horseman last seen riding south. Big fed chief didn't flush the market, Whew!! A bucket of lube was down to $56.09, yesterday it was $57.01..
Cards (charts): S&P closed at 1181.39 up 5.27 (from 1176.12).
The CMF money flow indicator crept up to -0.213 (from -0.238).
RSIstrength [50 mid pt] increased to 46.4 (from 42.8).
MACD moving averages were bearish at -6.52 (up from -7.17).
P-SAR now holding green (4th day)
Remarks: Funds 2 days upMACD poised for a bullish crossover.
Kept IFT for 65G, 20C, and 15S (didn't have to shot it down before 12CT).
Rgds, fingers crossed!
Spaf
The Kingdom of TSP
Market weather and Tea LeavesApril5 Closing
Weather: Indexes higher. Energy horseman last seen riding south. Big fed chief didn't flush the market, Whew!! A bucket of lube was down to $56.09, yesterday it was $57.01..
Cards (charts): S&P closed at 1181.39 up 5.27 (from 1176.12).
The CMF money flow indicator crept up to -0.213 (from -0.238).
RSIstrength [50 mid pt] increased to 46.4 (from 42.8).
MACD moving averages were bearish at -6.52 (up from -7.17).
P-SAR now holding green (4th day)
Remarks: Funds 2 days upMACD poised for a bullish crossover.
Kept IFT for 65G, 20C, and 15S (didn't have to shot it down before 12CT).
Rgds, fingers crossed!
Spafblueskys4ever
Rising Member
- Reaction score
- 0
imported post
teknobucks wrote:
This is incorrect to say that the ruling family is COMPLETELY dependent. The King and family have invested in a number of european, asian and american ventures. If the last drop of oil came tommorrow, Saudi Arabia would certainly feel the impact, but survive on their many investments. They are not a bunch of goatherders anymore.
teknobucks wrote:
This is incorrect to say that the ruling family is COMPLETELY dependent. The King and family have invested in a number of european, asian and american ventures. If the last drop of oil came tommorrow, Saudi Arabia would certainly feel the impact, but survive on their many investments. They are not a bunch of goatherders anymore.
coolhand
TSP Legend
- Reaction score
- 522
imported post
Spaf wrote:
http://tinyurl.com/6o32c
Dollar weakening this evening, but way too early to know if this is a reversal. Asian markets looking pretty good at the moment. If oil inventories don't spook the market tomorrow (release as 1030EST) we should have a good day across the board.
I've got my finger on the trigger though. I'm not convinced the smart money is ready to play yet.
Spaf wrote:
No, but he may have stopped the dollars momentum.
http://tinyurl.com/6o32c
Dollar weakening this evening, but way too early to know if this is a reversal. Asian markets looking pretty good at the moment. If oil inventories don't spook the market tomorrow (release as 1030EST) we should have a good day across the board.
I've got my finger on the trigger though. I'm not convinced the smart money is ready to play yet.
blueskys4ever
Rising Member
- Reaction score
- 0
imported post
Three out of four of the barchart indices show .028 today. If this was a slot machine, we would get a payout.
ka-ching, ka-ching, ka-ching
Three out of four of the barchart indices show .028 today. If this was a slot machine, we would get a payout.
ka-ching, ka-ching, ka-ching
blueskys4ever
Rising Member
- Reaction score
- 0
imported post
Three out of four of the barchart indices show .028 today. If this was a slot machine, we would get a payout.
ka-ching, ka-ching, ka-ching
Three out of four of the barchart indices show .028 today. If this was a slot machine, we would get a payout.
ka-ching, ka-ching, ka-ching
- Reaction score
- 2,175
imported post
I guess it could have been worse today. A nice rally gone bad. It's one of those half empty - half full scenarios again. We had a nice gain,lost half of it and ended with a modest gain.
If we can keep from selling off big, this basing process helps form a stronger bottom. The longer we flounder, the marketwill slowly knock out the weaker bulls which will give an eventual rally more staying power.
I guess it could have been worse today. A nice rally gone bad. It's one of those half empty - half full scenarios again. We had a nice gain,lost half of it and ended with a modest gain.
If we can keep from selling off big, this basing process helps form a stronger bottom. The longer we flounder, the marketwill slowly knock out the weaker bulls which will give an eventual rally more staying power.
Spaf
Honorary Hall of Fame Member
- Reaction score
- 45
imported post
The Kingdom of TSP
Market weather and Tea LeavesApril6 Closing
Weather: Indexes split higher with NASD slightly down. Energy horseman last seen riding south, but horsemen have camped in woods, haven't left valley territory, and arepotentiallya severe threat at any time. Townsfolks may or may not rally. If lube nears $60 the party is off. Today it sold at closing for $55.85, yesterday itwas $56.09 a bucket.
Tea Leaves (charts): S&P closed at 1184.07, up 2.68 from 1181.39.
The CMF money flow indicator wasat -0.187, up from -0.213.
RSIstrength [50 mid pt] increased to 48.23, up from 46.4.
MACD moving averages were bullish (crossover) at -5.72, up from -6.52.
P-SAR now holding green: 5th day.
Remarks: TSP Funds: C,S: 3 days up, I: 2.
Reports by others have market in trading range, with no strong momentum in either direction.
Holding: conservative 65%G, 35%stocks. Going 60/40 tomorrow.
The Kingdom of TSP
Market weather and Tea LeavesApril6 Closing
Weather: Indexes split higher with NASD slightly down. Energy horseman last seen riding south, but horsemen have camped in woods, haven't left valley territory, and arepotentiallya severe threat at any time. Townsfolks may or may not rally. If lube nears $60 the party is off. Today it sold at closing for $55.85, yesterday itwas $56.09 a bucket.
Tea Leaves (charts): S&P closed at 1184.07, up 2.68 from 1181.39.
The CMF money flow indicator wasat -0.187, up from -0.213.
RSIstrength [50 mid pt] increased to 48.23, up from 46.4.
MACD moving averages were bullish (crossover) at -5.72, up from -6.52.
P-SAR now holding green: 5th day.
Remarks: TSP Funds: C,S: 3 days up, I: 2.
Reports by others have market in trading range, with no strong momentum in either direction.
Holding: conservative 65%G, 35%stocks. Going 60/40 tomorrow.
- Reaction score
- 2,175
imported post
Basing is basically a trading range or consolidation. A cup and handle formation is one type of basing as is a double bottom. There are several types of patterns that are considered a base. The longer the base (or trading range) the more explosive the move when it breaks out or breaks down from that pattern.
Basing is basically a trading range or consolidation. A cup and handle formation is one type of basing as is a double bottom. There are several types of patterns that are considered a base. The longer the base (or trading range) the more explosive the move when it breaks out or breaks down from that pattern.
Spaf
Honorary Hall of Fame Member
- Reaction score
- 45
imported post
Basing is the same thing as trapping.
I trapped a raccoon on our farm. He was a big fellow The trap was a box made up with 2x4s and 2x6s and heavy wire for bobcats. Boy was that coon mad. Chewed through several 2x4s. I tied a long rope to the release door. A very long rope! Yea, same thing as basing! I caught ever critter within 6 miles before I finally caught that dang bobcat!
Basing is the same thing as trapping.
I trapped a raccoon on our farm. He was a big fellow The trap was a box made up with 2x4s and 2x6s and heavy wire for bobcats. Boy was that coon mad. Chewed through several 2x4s. I tied a long rope to the release door. A very long rope! Yea, same thing as basing! I caught ever critter within 6 miles before I finally caught that dang bobcat!
