Market Talk

[teknobucks]

imported post

unless we see something major terror wise we will follow this model....

 

[Birchtree]

imported post

Teknbucks,

Glad to see your shoes finally dried out. The C fund - I like to refer to her as the wall flower does look like it will continue to grind higher. Tom made a comment this morning saying he thinks the market is susceptible to a crash like sell off. I like to hear comments like that - keeps me in touch with my contrarian bullish perspective. We all know that sitting in the shelter has a fuzzy reward - no risk tolerance, but I bet the anxiety levels are going up proportionate to the stock gains. Even if one isn't making money - at least none is being lost.

Dennis

 

[tsptalk]

imported post

Birchtree wrote:

Tom made a comment this morning saying he thinks the market is susceptible to a crash like sell off. I like to hear comments like that - keeps me in touch with my contrarian bullish perspective.

The heck with what "the herd" is doing. If there is one bear, you are a contrarian bull?

Have you heard anyone else say that? I doubt it because everyone is bullish! Not that there's anything wrong with that.

 

[Birchtree]

imported post

Could we please have a 12 point sp500 move up today - I need the altitude.

Dennis

 

[The_Technician]

imported post

The Yuan and how its appreciation will influence your life....this is a good read so don't go home without it!!!

http://money.cnn.com/2005/05/05/news/economy/yuan_revaluation/index.htm

:^

 

[The_Technician]

imported post

Also noticed that entrepreneurship fell 20 percent last year from 2003, said the newspaper. But the study's author, Paul Reynolds, said the decline is not worrisome unless there is another 20 percent drop this year.

The soaring cost of health-insurance was cited as the main reason start-ups struggle, and has been deemed the number one problem facing small companies in surveys by the National Federation of Independent Business.

Could this be a move by big business to restrict small business competition??? I believe it is correlated more than u think....reason is, there is less business to have so big business bumps out small business in various ways....means less cost breaks for the consumers in the future....due to no competition.:?

:dude:

 

[The_Technician]

imported post

Yahoo shows that the trading vol for the S&P this morning is very light, like 10% of norm.........is this an error???? Anybody know......:shock:

 

[robo]

imported post

Yahoo shows that the trading vol for the S&P this morning is very light, like 10% of norm.........is this an error????

My guess is thin on buyers, and not manysellers these days........... Wecould see a small pullback soon, but I think it will be quickand the 1200 support holds. The market continues to climb upward, and it seems the wall of worry is slowing coming down....

 

[The_Technician]

imported post

Market breath was barely over 50/50....not much on Accumulation so the hollow bubble is growing....

:dude:

 

[coolhand]

imported post

Nice little surprise after the noon bell. Bonds are slowly selling off at the moment andeconomic data and earnings are upbeat.

I think folks are trying to get in the market real early for the anticipated rally later this year.

Don't expect to sit on the sidelines verylong. Might even jump back in tomorrow if we pull back some.

 

[Skip]

imported post

Follow the trend... Also look at the weekly charts to quite the daliy noise..
Skip



Good economic numbers, good earnings reports in the broader market and tech. What more did this market want today?

The answer this afternoon seemed to be the Fed and then good earnings from Boeing(BA, news, msgs), Starbucks(SBUX, news, msgs) and Amazon.com(AMZN, news, msgs).

The Federal Reserve released its July Beige Book this afternoon, which anecdotally confirms the economic numbers, including those numbers that came out today.

The economy is growing and, in some parts of the country, getting stronger. The consumer is spending. The housing market is strong in most markets, especially New York and San Francisco, with a few markets cooling off slightly. In Boston, price appreciation has gone from "hot" to "normal." The Federal Reserve Bank of Cleveland said home builders were facing softer conditions than in spring.

[*]Check out the Beige Book report.

Before the Beige Book came out, stocks were little changed. The Dow Jones industrials closed more than 57 points. The Nasdaq Composite was up more than 9 points, and the Standard & Poor's 500 Index climbed 5.6 points and hit a hew four-year high at 1,236.79.

Today's uptick probably relieved those who live by technical indicators. The market has been trading in a fairly narrow range for the past two weeks. The longer this trading range persists -- especially with earnings and guidance exceeding expectations -- the more technical analysts are going to talk about a market top or ceiling, CNBC's Bob Pisani reported.

But technical analysts Lowry's reassured investors, telling its clients "any pullback or consolidation should be nothing more than a pause ... in a move for the market."

And, by the end of the day, Pisani concluded, the market put in a bottom after the London terror bombings, and short sellers can't get it to go down.

 

[coolhand]

imported post

Thanks Skip! Market's gonna rock!

 

[robo]

imported post

coolhand wrote:

I think folks are trying to get in the market real early for the anticipated rally later this year.

I think investors see the downside risksdecreasing as support levels move up. I can't really disagree. The 50 day moving and 200 day just keep creeping up....


In the years 1988 thru 2004 August has been up 58% of the time.....This year very well could be positive based on current economic data. We should be able to make some money in August... The S&P has to break thru the 1240's to keep the party going........ I'm making some money in my mutual funds, but TSP still 100% G fund...
I'm withBirchtree it would be nice to see a 12 point move on the S&P...

 

[Spaf]

imported post

The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak Date July 27, 2005, Closing


Market News.

Kingdom Talk: Stox Party in PM! Vestors look to energy and economy. Federals say economy is rolling!


Doodles and Tea Leaves - Daily.

Doodles:
S&P 500 (Index)
Closed at 1236.79, up +5.63
CMF (money flow) at 0.088, dn
RSI (strength) at 63.5, up
MACD (trend) at 9.00, up

Nymex (Crude oil)
Closed at 59.11, dn -0.09

Tea Leaves: Yellow (caution). Oil in high worry range.


Yak.

Remarks: Holding 100/0, CMF dn, MACD at crossover area.
Stops: Alert= 1225, Trailing= 1213

 

[ATCJeff]

imported post

The Technician wrote:

Market breath was barely over 50/50....not much on Accumulation so the hollow bubble is growing....

:dude:

Hmmm, trying to learn all the lingo, English please......:%

Jeff

 

[Guest]

imported post

Skip. Wish you'd write to us more often.

Of course, tea breaks with Spaf remain our daily bread. Thanks Spaf also.

 

[coolhand]

imported post

Here's some light reading...

http://www.wallstreetfollies.com/beartypes.htm

 

[Guest]

imported post

Thanks coolhand - just my speed!

 

[The_Technician]

imported post

With the Accumulation nil like it is lately,I wouldn't jump in right away with your money Coolhand...

The market is so topped out its ridiculous, .....its just waiting to fall......not a good point of entry

:dude:

 

[The_Technician]

imported post

The straw that broke the camels back????

CAFTA

Will we see if some people never learn....??? Trick to economics in a limited eonomic system (world) is to own economic power and control it....right now, American worker's are owned and controlled ....and they keep letting Congress give away their economic power......it will come back to haunt their children....

:^