Spaf
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The Kingdom of TSP
Sunday
Market News, Doodles, Tea Leaves, & Yak Date: May 8, 2005
Market News.
-> www.businessweek.com
-> www.reuters.com
-> www.briefing.com/Silver/InBrief/PageOne.htm
Market Talk: Townsfolks petition local JP. Local justice of the peace let Krude out on bail last week and lube prices have inched up to 50.96 a bucket. Townsfolks wanted Krude to stay in the jail can. However, Krude was defended by lawyer Slick, who got Krude out on bail. Now local stable owner holding Krude's horse "Fill-er-up" says horse is eating all the hay. Wants town to pay extra tax for keeping horse. Argues that 1st-quarter farm yields were good, of 437 acres, 67% had above average yields, 14% matached yields, and only 17% had below average yields. Due to good farm earnings townsfolks should share expenses! Townfolks want JP to revoke Krude's bail and give OK to sell his horse.
Trends, Doodles, and Tea Leaves.
Trends: Fields projecting favorable earnings.
-> www.money.cnn.com/markets/morning_call/
Doodles:
S&P was at 1171.39 dn -1.28 on Friday.
CMF (money flow) was at 0.001, falling slightly.
RSI (strength) was at 52.2, falling slightly.
MACD (trend) was at -2.67, rising bullish.
STO (momentum) was at 89.28, rising.
Attachment: S&P (3mo) chart ending 05-06:50dMA, RSI,MACDand STO.
Tea leaves: Green, with caution. See Remarks.
Yak.
Remarks: Holding 0/100 (IFT to 40C, 40S, 20I).
The market has advanced off the April lows 1137 (S&P), with positive momentum. Caution is that market will still be within a trading range. When and if considering a bullish primary movement confirmation, the market will need to pass the previous higher high of 1225 (S&P) established on March 7th.
The Kingdom of TSP
Sunday
Market News, Doodles, Tea Leaves, & Yak Date: May 8, 2005
Market News.
-> www.businessweek.com
-> www.reuters.com
-> www.briefing.com/Silver/InBrief/PageOne.htm
Market Talk: Townsfolks petition local JP. Local justice of the peace let Krude out on bail last week and lube prices have inched up to 50.96 a bucket. Townsfolks wanted Krude to stay in the jail can. However, Krude was defended by lawyer Slick, who got Krude out on bail. Now local stable owner holding Krude's horse "Fill-er-up" says horse is eating all the hay. Wants town to pay extra tax for keeping horse. Argues that 1st-quarter farm yields were good, of 437 acres, 67% had above average yields, 14% matached yields, and only 17% had below average yields. Due to good farm earnings townsfolks should share expenses! Townfolks want JP to revoke Krude's bail and give OK to sell his horse.
Trends, Doodles, and Tea Leaves.
Trends: Fields projecting favorable earnings.
-> www.money.cnn.com/markets/morning_call/
Doodles:
S&P was at 1171.39 dn -1.28 on Friday.
CMF (money flow) was at 0.001, falling slightly.
RSI (strength) was at 52.2, falling slightly.
MACD (trend) was at -2.67, rising bullish.
STO (momentum) was at 89.28, rising.
Attachment: S&P (3mo) chart ending 05-06:50dMA, RSI,MACDand STO.
Tea leaves: Green, with caution. See Remarks.
Yak.
Remarks: Holding 0/100 (IFT to 40C, 40S, 20I).
The market has advanced off the April lows 1137 (S&P), with positive momentum. Caution is that market will still be within a trading range. When and if considering a bullish primary movement confirmation, the market will need to pass the previous higher high of 1225 (S&P) established on March 7th.
Spaf
..my rate of accumulation is way off.....looks like we are turning the market head to the downside.....of course I can't say how much at this point, could be 100 points on the S&P or just several.....
