Market Talk

[FBGATC]

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I love the Gopher picture where did you get it!

 

[Spaf]

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Mike has been doing some heavy working, and probably bailed on us. That picture is/could be from his own personal self defense force. "Mikes Militia". Sort of like: Have gun will travel. We need to find out how much Mike charges to rent one out?

 

[Mike]

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Well yes, I did have to go to work, hence the break in my posting. Plus, it's been a fairly active night, so I'm only able to pop on now. :shock:

Spaf, I wonder how much of that money is last week's redemptions. Is that money flow indicator stating that money is flowing into the S&P specifically? Or is it just "the market" - all inclusive? I'm curious to know where that money is going. Maybe people are chasing returns on energy stocks. :%

As for the picture, I found it on some humorous picture site... took some searching. It's also a play on my alma mater, mascot happens to be a gopher (and therefore, I too, am a "gopher"). :u

I updated my avatar to have that picture, but it still hasn't shown up (no there was no error). I wonder what's up with that... ?

 

[Guest]

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Money is going to Intel, Apple and Cisco.

Tell me someone did not trade on the apple intel thing early?

Word on the trading floor the short specialist were very busy at the close yesterday. :shock:

 

[Dave M]

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We got through the 'minutes' yesterday without any trouble, so I am thinking I ought to put some %back into the C fund. But now today I see that the Asian markets are having a difficult day -- think this will spread to the U.S.? Our market has been so choppy lately, any excuse for profit-taking has been the practice. Where do today's futures stand?

Dave

 

[Guest]

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Yes I think it will spread. U.S. futures are very soft.

Euroland dropped right out the box.

Anyone going to put money to work if the market takes a header today prior to the deadline?

I KNOW I do not want to be exposed to the GDP report.

One day trade. Now that I think about that. Hand me the helmet that little critter is wearing I am staying in the bunker.

Who is the gambler dude? He keeps booting me out?

Should of cut and pasted the message. I am a little leery of cut and paste right now. Scroll up .

 

[Skip]

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We need some pull back to make the handle for the cup and handle pattern...
Skip

 

[The_Technician]

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Hey Greg, like that post.......strange exactly the way I feel and have been saying.....

And it does look like NASD 2000...as a matter of fact there are little clues that are 90% like 2000 in the S&P, but its hard to tell by looking.....you have to see the data....:^

Still looking for that 60 point up/down range.....I'm expecting alot of those for the next couple of months.....:shock:

Trading Vol has dropped over the last week.....I fund looks like it could drop again.....

:dude:

 

[The_Technician]

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World market news

http://story.news.yahoo.com/s/cpress/20050525/ca_pr_on_bu/world_markets

 

[The_Technician]

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Durable goods decline barring transportation orders..

http://money.cnn.com/2005/05/25/news/economy/durable_goods.reut/index.htm

Lowest since Dec.....

 

[Guest]

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Good work to those in the F fund :^.

We could see some major take profits after lunch ahead of the GDP report.

The longs do not want to give up the ghost/gains. If you do not bank your gains they are ghosts.

Do not fight the Fed.

 

[Guest]

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Last edited on Thu May 26th, 2005 01:21 am by SkyPilot

Thank you SkyPilot.

Sorry to create work.

 

[Guest]

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All the major indexes are back to neutral from avery overbought condition.

We are smack dabe in the center of upper and lower resistance also.

Was today a pause and refresh day or the start of more downside action?

Something got the 10 year moving today after lunch. Not sure what is was? If those FOMC minutes made it go the other way yesterday, not sure what made it jump nearly .90% today? Interesting.

If the 10 year and crude keep heading up that will be hard for stocks to overcome and expect more I want to keep my profits selling.

However if the 10 year and crude fall we could have a good rally.

Very choppy market. Not one to make easy trading decisions with the TSP deadline restrictions. I would say if you are close to even for this year you did a heck of a job.

Good luck all.

 

[Spaf]

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The Kingdom of TSP

Daily

Market News, Doodles, Tea Leaves & Yak Date May25 Closing


Market News.

News:Horsemen incite market! Lawyer Slick in defending Krude told local DA that by theend of the trial the DA would have to trade in his Hummer for a mini Cooper. DA dropped case against Krude. Krude was estatic, up $1.31 at 50.98 and within the worry range (50-55). Horseman Rats threatenedto be collecting more on the roadways. Needles to say the marketdidn't do to well today.



Doodles and Tea Leaves.

Doodles:
S&P 500 (Index)
Closing at1190.01 dn -4.06
CMF (money flow) at0.303, dn slightly.

$BPSPX (breadth)
RSI (strength) at56.4, up and inmidrange.
MACD (trend) at -0.79, rising, bullish.

Tea Leaves: Green.


Yak.

Remarks: Holding 2/98 (50C, 40S, 8I).
Should be watching Ferdinand to ensure he doesn't accidentally step ina hidden trap. Can't be too cautiousin the 1190 area.

Rgds, and be careful! Spaf

 

[Guest]

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Doing chart some work.

Appears the S&P 500 topped out today.

Should see a decline to 1180 to retest support.

IMHO - for what it is worth.

Just tell it like it is. I am not a bull or bear, I am neutroid.

 

[Mike]

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Great, have the avatar for a day or two and already there's a copycat.

GDP was revised up to 3.5% in the 1st quarter, and the inflation data in the report was 2.2% excluding food and energy - which supposedly means the fed won't think inflation is out of control (good). The actual GDP number missed Wall Street's expectation by 0.1%.

Based on the market open today, it looks like investors are paying more attention to the inflation number and are buying... the S&P is pushing ever closer to the 1200 mark. It'll be interesting to see how this plays off the oil price sitting just above $50 / barrel.

 

[Guest]

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That you need a new enemy on the battle field .

The rally has kind of stalled. At the noon deadline . Will run another day?

Those in I fund"should" do very well today.

Hindsight is wonderful.

 

[Spaf]

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The 4 Horsemen are plenty! Spaf

 

[Guest]

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The board has had it wheels fall off (no offense wheels) in the last 24 hours.

Everyone scared to post?


[align=center][/align]

 

[ou81200]

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Naw---Ain't much to say.