Market Talk

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Investing tip:

The trend can be your best friend or your worse enemy.

No matter what guru tells you otherwise. :)
 
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The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak
Date June 23, Closing


Market News.

Market Manners and the Horsemen:Krude in saddle, again! Vestors finally realize that hauling heavy lube will slow carts and will dull savings.
Rats and Krude now the topic of worry.


Doodles and Tea Leaves - Daily.

Doodles:
S&P 500 (Index)
Closing at 1200.73 dn -13.15
CMF (money flow) at 0.044, dn.
RSI (strength) at 51.7, dn
MACD (trend) at 7.56, dn, at crossover.

Nymex (Crude oil)
Closed at 59.42 up +1.33

Tea Leaves: Red. Alert stop broken.


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
 
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Five-week Dow low
U.S. stocks ended sharply lower Thursday, with the Dow Jones Industrial Average falling to a five-week low, as oil's stab at $60 raised concern about the drag on the economy by rising energy prices.

--------------------------

Finally oil caught up. :( The rosy PPI/CPI numbers fromlast week have appeared to have dissipated.
 
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Asia update:

logo.jpg
 
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Hey Birch u perma bull where'd you go......what do you think about what happen today....is it just temporary or what.......????

:dude:
 
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After many days of gains, the market finally drops - and you immediately antagonize someone who is bullish. :oo

Perhaps this is the turning point some of us have been expecting for days now - or perhaps it isn't. We'll certainly know soon, though.
 
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anyone see this? probably nuthin 2 it...

credit to Il_Bagattel

I came across this rather plausible scenario in a Signs of the Times post. They first posted a blogsite entry with comments, then a reader comment, and finally a NY Times story. Together they create an intrigueing chain of events and a possible reason for their happening as such. Here is a snipped cut/paste of the pertinent parts. Note the website editorial *comment* embedded in the NY Times story (and throughout). The one about the outlawing of alternative gold payment systems caught my eye:

.................................................................

[...]I wonder what Fort would have made of this: in separate incidents last week, two helicopters fell into New York's East River.

The first helicopter, carrying sightseers, concerns us only as a precedent. (Accidents happen, but they also happen sometimes to be a template for attempted murder.) The second helicopter, however, carried "top executives of the financial services company MBNA Corp."

That's enough to merit attention most weeks. But the same week, MBNA made news when a "computer hacker" reportedly "accessed more than 40 million credit card accounts." This attack "was the latest in a series of security lapses affecting consumer information. The breach appears to be the largest yet involving financial data, said David Sobel, general counsel at the Electronic Privacy Information Center."

And like a helicopter in the East River, it doesn't begin or end there. Recent weeks have seen a bizarre rash of "security lapses" at commercial and credit institutions, with headlines like "Personal data on millions of Citigroup clients lost in transit" and "Fed bank insurer's worker data breached".

I don't know what it means, if anything. But I think only a fool could say with confidence that it means nothing.

I'm just feeling like a frog who was minding his own business in a pond, until suddenly, the bottom dropped out.

Look out below.

Reader Comments

8:45 AM
Anonymous said...

Connect the dots . . .

* CitiFinancial data lost

* Ameritrade data lost

* Bank of America data lost

* Time-Warner/AOL data lost

* 40M Mastercard accounts breached

* MBNA executives in the downed helicopter

Another 9/11, only not in the form of planes hitting buildings? Economic crisis, anyone? Or perhaps just another unfortunate coincidence?

....................................................
 
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teknobucks wrote:


Another 9/11, only not in the form of planes hitting buildings? Economic crisis, anyone? Or perhaps just another unfortunate coincidence?

....................................................

Funny Tek$s - I was wondering why precious metals were trading up with the USD and oil. Just like prior to 9/11 :shock::shock:.

Lets just hope it is a coincidence.

Great minds, Buddy!
 
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A simple inquisition is not being antagonistic.....maybe in your book Mike......

Tekx$'s.....I've been keeping up with that fact ......seems to be a trojan horse for one to comtemplate.....;)

:dude:
 
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Mike wrote:
After many days of gains, the market finally drops - and you immediately antagonize someone who is bullish. :oo

Perhaps this is the turning point some of us have been expecting for days now - or perhaps it isn't. We'll certainly know soon, though.
Let em talk Mike, this seemsto be becoming a three man board these days. Perhaps our e-list will just get bigger............:^

BTW, the market is going up. Not sure when, but one day it will. Now, I can pat myself on the back when it does................:P
 
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The Technician wrote:
A simple inquisition is not being antagonistic.....maybe in your book Mike......

Tek

I don't recall seeing you asking his opinion when the market was going up. All I see is you asking for it (i.e. calling him out) after the one day the market drops substantially. :?
 
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The Technician,

Yes, I'm still here in my bullish bravado. This is just a correction precipitated by the hedgefund boys to try and get the "herd" folks to do some panic selling to bring the market down so they can cover with some profits. Don't think it will work though, they are actually looking past oil and concentrating on the Fed. I did notice that yesterday the DJ Utility Average put in a new high - that is good relative strength and a positive bullish divergence. Long term investors are looking to lock in some yield while it is available. I firmly believe the Fed has paused and that we are heading into a yield shortage. Yields are lowering again this morning - the Fed would not dare attempt an inverted yield curve with housing as delicate as it is currently.
 
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well...didn't have to since he posted all the time......we got his view.....since we didn't hear from him I just wondered about his current view....and it looks like he let me know......he don't seem upset about it..... unlike ......well what can I say....:*

:dude:
 
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If todays negative bias holds.....meaning if the S&P closes at or near the low today.....it will have set a negative impulse that hasn't been seen or even close to since Oct 2004.....something to think about forwhich way the market is going....:^

Keep your eyes open :oo....I been looking at down trends and when they happen....Mondays haven't been very good lately....check itout in Jan and March....
 
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Share prices (last day of Oct / first day of Oct 2004)

C $12 S $13.22 I $13.97 (29th)
C $12 S $13.18 I $13.62 (1st)

I fund gained $0.35 while the others were flat. Nothing really exciting there.
 
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