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Market Talk
- Thread starter Spaf
- Start date
G
Guest
Guest
imported post
DMA wrote:
Japan has had horrible second sessions lately. That trend looks like it will continue today (again).
Lets hit em hard tomorrow. Have a great night!
DMA wrote:
Wonder if the currency traders are getting in position for the FOMC meeting next week? USD is still bouncing. Glad I did not go I fund. We see what a bouncing USD does to that fund.Down a big .18 today.WOW USD is up .7, crude is up and the precious metals are up.
It is really strange that they are all up huge.
If it was not for crude going to I fund here looks like a good move for a short time.
Remember FOMC rate high next week. I fund normally does not like that.
Normally if precious metals is up USD is down and if oil is up USD is down.
Really a disconnect here. I do not know why. That is what makes this fun.
Japan has had horrible second sessions lately. That trend looks like it will continue today (again).
Lets hit em hard tomorrow. Have a great night!
G
Guest
Guest
imported post
USD nice bounce again today. Near pre current account report levels (that was issued on Friday am).
I believe this is currency traders getting into positon ahead of the FOMC next week.
This is hugh headwind for I fund.
Have a good day!!!!!!!
USD nice bounce again today. Near pre current account report levels (that was issued on Friday am).
I believe this is currency traders getting into positon ahead of the FOMC next week.
This is hugh headwind for I fund.
Have a good day!!!!!!!
mlk_man
Banned
imported post
Spaf wrote:
Thanks for the info,
M_M
Spaf wrote:
So Spaf, as far as I can tell, according to this chart a downtrendmay begin in a few days?Ladies and Gents
A while back Teckno found some articles at pcquote.com. One of the articles/definitions concerned the Williams'%R indicator. I have copied the portion pertaining to that indicator:
Williams' %R
Williams’ %R (pronounced "percent R") is a momentum indicator that measures overbought/oversold levels. Williams’ %R was developed by Larry Williams.
The interpretation of Williams' %R is very similar to that of the Stochastic Oscillatorexcept that %R is plotted upside-down and the Stochastic Oscillator has internal smoothing.
To display the Williams’ %R indicator on an upside-down scale, it is usually plotted using negative values (e.g., -20%). For the purpose of analysis and discussion, simply ignore the negative symbols.
Readings in the range of 80 to 100% indicate that the security is oversold while readings in the 0 to 20% range suggest that it is overbought.
As with all overbought/oversold indicators, it is best to wait for the security's price to change direction before placing your trades. For example, if an overbought/oversold indicator (such as the Stochastic Oscillator or Williams' %R) is showing an overbought condition, it is wise to wait for the security's price to turn down before selling the security. (The MACD is a good indicator to monitor change in a security's price.) It is not unusual for overbought/oversold indicators to remain in an overbought/oversold condition for a long time period as the security's price continues to climb/fall. Selling simply because the security appears overbought may take you out of the security long before its price shows signs of deterioration.
An interesting phenomena of the %R indicator is its uncanny ability to anticipate a reversal in the underlying security's price. The indicator almost always forms a peak and turns down a few days before the security's price peaks and turns down. Likewise, %R usually creates a trough and turns up a few days before the security's price turns up.
I was interested in the "phenomena to anticipate a reversal"
Would anyone care to follow along on this adventure?
If so, go to http://www.stockcharts.com Select style = SharpChart, Symbol = $SPX for the S&P 500. When you get the chart up, change one of the bottom indicator windows to the Williams %R indicator, and then update the chart.
Additional information about this and other indicators can be found at http://www.incrediblecharts.com
Rgds, and Shall see!Spaf
Thanks for the info,
M_M
imported post
Shara and all
Ok, we had some people here chase Shara off the board. Well thought you would want to know this.
I wrote a while back that I was getting out of the I fund. Price 15.20 Shara said that it was still a buy and going up soon. It was also a big buy. Well look where it has been. I have not been able to get on the board a lot and could not get in contact and do some trades. How, many people here might have made some green if Shara felt safe to post here. Like all real pro's, Shara does not need to take any persons crud. Where I work I do not take it and seldom dish it. That is a sign of a pro.
Shara, I have not been able to contact you. Goverment computer and all. I will though as we talked about. Tell then..... Please accept this post as a good job.:^ If you do not like me to put this here incase you fly through, sorry.:?
P.S. I have been and will be playing out in the field. So I may not read mail often for a while.:X
Shara and all
Ok, we had some people here chase Shara off the board. Well thought you would want to know this.
I wrote a while back that I was getting out of the I fund. Price 15.20 Shara said that it was still a buy and going up soon. It was also a big buy. Well look where it has been. I have not been able to get on the board a lot and could not get in contact and do some trades. How, many people here might have made some green if Shara felt safe to post here. Like all real pro's, Shara does not need to take any persons crud. Where I work I do not take it and seldom dish it. That is a sign of a pro.
Shara, I have not been able to contact you. Goverment computer and all. I will though as we talked about. Tell then..... Please accept this post as a good job.:^ If you do not like me to put this here incase you fly through, sorry.:?
P.S. I have been and will be playing out in the field. So I may not read mail often for a while.:X
G
Guest
Guest
imported post
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20050524005497&newsLang=en
Investor Confidence Index Declines to 83.9 In May
According to the May index, investor confidence decreased by 5.5 points from April's revised reading of 89.4.
-------------------------------
Tomorrow the Petro Report. This will be a big item.
Happy investing!!!!!!!!!1
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20050524005497&newsLang=en
Investor Confidence Index Declines to 83.9 In May
According to the May index, investor confidence decreased by 5.5 points from April's revised reading of 89.4.
-------------------------------
Tomorrow the Petro Report. This will be a big item.
Happy investing!!!!!!!!!1
vectorman
Active member
imported post
teknobucks
Member
top of channel...... if she breaks thru i'm back in 100% stox.
http://stockwerld.com/marketeye.htm
still on the sidelines in G, expecting a correction SOON
tekno
Reply from Vectorman:
I believe another index to watch is the NASDAQ. If it breaks through and can hold above 2100, that should be a big positive.
teknobucks
Member
top of channel...... if she breaks thru i'm back in 100% stox.
http://stockwerld.com/marketeye.htm
still on the sidelines in G, expecting a correction SOON
tekno
Reply from Vectorman:
I believe another index to watch is the NASDAQ. If it breaks through and can hold above 2100, that should be a big positive.
vectorman
Active member
imported post
Its seems that the majority on this site; and those I talk to at myworkplace are nowheavy in the G fund. So is it a contrarianview that the market will now go higher since the herd is bearish.The funds are still in an slighly upward trend and everyone is waiting for the big correction. I wonder who is going to blink first? I admit that I just recently move into the G fund madely because of the words of wisdom and caution that I have been reading in some threads. I also hate getting caught in a down draft. Hopefully we'll get our penny sooner this week.:^
For the week of 6/20 - 6/24
Bullish (up) 25 30%
Bearish (down) 42 50%
Neutral 16 19%
83 votes total
Its seems that the majority on this site; and those I talk to at myworkplace are nowheavy in the G fund. So is it a contrarianview that the market will now go higher since the herd is bearish.The funds are still in an slighly upward trend and everyone is waiting for the big correction. I wonder who is going to blink first? I admit that I just recently move into the G fund madely because of the words of wisdom and caution that I have been reading in some threads. I also hate getting caught in a down draft. Hopefully we'll get our penny sooner this week.:^
For the week of 6/20 - 6/24
Bullish (up) 25 30%
Bearish (down) 42 50%
Neutral 16 19%
83 votes total
G
Guest
Guest
imported post
I believe the economic data suggest the market is overvalued.
The most recent gemthe Leading Indicators was a real jewel of a report. A lack luster retail sales report and crude pushing $60. Another rate hike next week. Yield spread narrowing again. Everything just looks great. :shock:
I believe the economic data suggest the market is overvalued.
The most recent gemthe Leading Indicators was a real jewel of a report. A lack luster retail sales report and crude pushing $60. Another rate hike next week. Yield spread narrowing again. Everything just looks great. :shock:
vectorman
Active member
imported post
DMA wrote:
DMA wrote:
I hear what your saying DMA, but doesn't anyone else see it? Where do you think the market strength coming from? Doesn't seem like anyone is in a rush to take profits from the last 4 weeks of positive climb, especially in small caps. High oil price is not putting a fear in the market. I also notice prices creeping up on many products; and Wendy's have now even done away will most of their 99 cent value menu. I guess that would be a postive- more profit now.
G
Guest
Guest
imported post
I believe it to be a number of reasons.
(1) Dumb money not wanting to miss the rally that is being hyped.
(2) Fed flushing the system with M3. (easy money). I need to read the report again (it is painful). I believe the Fed printed 79B last month of new money.
(3) Experts advising not to miss the sure thing window dressing.
(4) Hedge funds taking quick gains on the short side - forcing others to cover so they get back to even prior to the EOQ.
(5) Low volume. We will be lucky to crack 1.4M shares on the NASDAQ today - which is only 700K because they count the buy and the sell as two not one transaction.
(6) All these positive press reports - like the one WW posted - stocks set to move higher this week....
(7) Record refinancing of mortgages. Some people use that money to buy the stock market or play the stock market - normally on the long side:
Low mortgage rates are feeding the housing market at an increasing pace. The Mortgage Bankers' purchase index jumped 10.4% to 529.3 in the June 10 week.
IMHO.
I believe it to be a number of reasons.
(1) Dumb money not wanting to miss the rally that is being hyped.
(2) Fed flushing the system with M3. (easy money). I need to read the report again (it is painful). I believe the Fed printed 79B last month of new money.
(3) Experts advising not to miss the sure thing window dressing.
(4) Hedge funds taking quick gains on the short side - forcing others to cover so they get back to even prior to the EOQ.
(5) Low volume. We will be lucky to crack 1.4M shares on the NASDAQ today - which is only 700K because they count the buy and the sell as two not one transaction.
(6) All these positive press reports - like the one WW posted - stocks set to move higher this week....
(7) Record refinancing of mortgages. Some people use that money to buy the stock market or play the stock market - normally on the long side:
Low mortgage rates are feeding the housing market at an increasing pace. The Mortgage Bankers' purchase index jumped 10.4% to 529.3 in the June 10 week.
IMHO.
SkyPilot
Well-known member
imported post
If we always avoid overvalued markets, don't we miss most of the gains onrallies? The only way to be sure that you have rode the rally to the top is to ride over the peak and sell down the backside a little... Most of the gains in the 90's had to do with overvalued markets. Wish I had gotten out on the backside in 2000 though
That's why I have started relying more on trend than sentiment, as sentiment is by it's nature very fickle, and I can't seem to figure it out. :s
If we always avoid overvalued markets, don't we miss most of the gains onrallies? The only way to be sure that you have rode the rally to the top is to ride over the peak and sell down the backside a little... Most of the gains in the 90's had to do with overvalued markets. Wish I had gotten out on the backside in 2000 though
That's why I have started relying more on trend than sentiment, as sentiment is by it's nature very fickle, and I can't seem to figure it out. :s
G
Guest
Guest
imported post
Yeah I read Saraho's post too.
Yeah I read Saraho's post too.
G
Guest
Guest
imported post
This stock was up 450% today at one point.
I got out at 300% - 1130am. I am a true idiot.
This stock was up 450% today at one point.
I got out at 300% - 1130am.
I am a true idiot. 
o
pyriel
Active member
imported post
DMA wrote:
It would have been nicer if you informed people about this stock way in advance so that they could have done their research and possibly may have gained something from what you know. I applaud you for your success but this seems to me a quarterback. With your knowledge with stocks, you could be helping alot of people by putting out information before it goes up or down and not after the fact. Just my .02. As a level II investors, you have some followers in this board. It would have been nice for them (and your bullish detractors) to be in on what comes so easy with you.
P
DMA wrote:
DMA,This stock was up 450% today at one point.
I got out at 300% - 1130am.
It would have been nicer if you informed people about this stock way in advance so that they could have done their research and possibly may have gained something from what you know. I applaud you for your success but this seems to me a quarterback. With your knowledge with stocks, you could be helping alot of people by putting out information before it goes up or down and not after the fact. Just my .02. As a level II investors, you have some followers in this board. It would have been nice for them (and your bullish detractors) to be in on what comes so easy with you.
P
Spaf
Honorary Hall of Fame Member
imported post
The Kingdom of TSP
Daily Edition
Market News, Doodles, Tea Leaves & Yak Date June 21, Closing
Market News.
News:Stox slosh in oil slush! Market vestors worry that high lube will hurt economy.
Doodles and Tea Leaves - Daily.
Doodles:
S&P 500 (Index)
Closing at 1213.61, dn -2.49
CMF (money flow) at 0.163, dn.
RSI (strength) at 63.9, dn.
MACD (trend) at 8.83, at crossover.
W%R (trend) at -20.9 high midrange.
Nymex (Crude oil)
Closed at 59.37 up +0.90
Tea Leaves: Yellow (caution) generally dn indicators.
Yak.
Remarks:Crude scale: Safe range=<55, Caution=55-60, Panic alarm=>60.
Holding: 100%G.
Stops: Alert=1205, trailing=1193
Rgds, and be careful! Spaf
The Kingdom of TSP
Daily Edition
Market News, Doodles, Tea Leaves & Yak Date June 21, Closing
Market News.
News:Stox slosh in oil slush! Market vestors worry that high lube will hurt economy.
Doodles and Tea Leaves - Daily.
Doodles:
S&P 500 (Index)
Closing at 1213.61, dn -2.49
CMF (money flow) at 0.163, dn.
RSI (strength) at 63.9, dn.
MACD (trend) at 8.83, at crossover.
W%R (trend) at -20.9 high midrange.
Nymex (Crude oil)
Closed at 59.37 up +0.90
Tea Leaves: Yellow (caution) generally dn indicators.
Yak.
Remarks:Crude scale: Safe range=<55, Caution=55-60, Panic alarm=>60.
Holding: 100%G.
Stops: Alert=1205, trailing=1193
Rgds, and be careful!
Spaf
