Market Talk

[Spaf]

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The Kingdom of TSP

Daily

Market News, Doodles, Tea Leaves & Yak Date August 2, 2005 Closing


Market News.

News: Market back on cruse control.


Doodles and Tea Leaves.

Doodles:
S&P 500 (Index) at 1244.12, up +8.77
CMF (money flow) at 0.141, dn
RSI (strength) at 64.0, up
MACD (trend) at 9.41, up
Slow STO(signal) at 72.96K, 76.79D, even
ROC (change) at 1.32, up

$Nymex (Oil) at 61.89, up +0.32


Tea Leaves: Oil markers lost, no tea leaves.


Yak.

Remarks:

Holding: 50/50
S&P stops: Alert: 1232, Trailing: 1220.

Oil markers lost. <55=Ok, 55-60=worry, >60=critical, no longer seem valid?
Request your comments!

 

[Birchtree]

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The Technician,

Thanx for the heads up - I think I shall sit on my azz on my helmet just to be safe.

Can you take this Slick up a little higher. It is time to rock -n- roll. Flash Gordon is ready for sp500 of 1300 and beyond.

 

[Guest]

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Spaf wrote:

Oil markers lost. <55=Ok, 55-60=worry, >60=critical, no longer seem valid?
Request your comments!

Have you seen this website Spaf? >> http://www.eia.doe.gov/emeu/cabs/chron.html

 

[teknobucks]

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http://www.morganstanley.com/GEFdata/digests/20050802-tue.html

http://www.morganstanley.com/GEFdata/digests/20050725-mon.html#anchor1

 

[teknobucks]

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post off tt:

I'll refrain from my interpretation below as apparently everyone interprets differently and views the markets through different lenses. But the message of the market as exhibited by its price action has been pretty clear and needs no interpretation.

In the mid 90s it was Harry Dent and every baby boomer getting out of bed on the same morning and realizing they better start saving for retirement and funneling their savings into S&P 500 index funds. In the late 90s it was the internet and technology stocks. In 2000 the theme became value and the repudiation of the excesses of the 90s. Now the dominant theme is cash. Cash all over the world. Multi-year or historical highs from Latin America, to Asia, and Europe. Record or near record cash held in customer brokerage account balances and by private equity firms. Near record cash in corporate coffers resulting in record cash takeovers and corporate buybacks putting us on track this year for the largest shrinkage in the float of stock over the past decade. And lastly, without a lot of fanfare, the Merrill Lynch junk bond index makes new historical highs.

The mantra of the past few months is eerily like that of the late 90s, i.e. enjoy the ride and bear in mind it could end at a moment's notice, but in the interim, exploit it for as long as you can with as much as you can.

 

[Skip]

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Birchtree wrote:

The Technician,

Thanx for the heads up - I think I shall sit on my azz on my helmet just to be safe.

Can you take this Slick up a little higher. It is time to rock -n- roll. Flash Gordon is ready for sp500 of 1300 and beyond.

This 2nd leg up has a little way to go if it going to equal the 1st leg up from mid april... that was a 67 point rise... we have 13 points to go if this leg equals... the pull back was 30 points in 3wk of June... 1300 ?? I say 1267 before a pullback.... then higher..
The sp500 is getting extended but not oversold yet... Be nimble ..
Skip

opps corrected 1st leg data ..... pullback would be in the 1238 range...
JMHO

 

[robo]

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I have been watching the smart money, but as Tom pointed out not so smart lately.... The Bulls continue to be in the drivers seat.... I think some have been taking profits and waiting for the pullback.... The chart below shows the cash on the sidelines is growing.... When the next leg starts I think S&P 1300 easily reached..... Now when and how much will the pullback be????????
I'm thinking the pullback will be quick and shallow, lots of cash waiting to get in.........

The smart money indicator (bright blue line) made its seventh consecutive decline, for a total of 187 points to a new three-year low. This indicator is promising a market downturn in the fall.

lume-Enhanced Smart Money Indicator
through Monday, August 1st >>Learn more

 

[ou81200]

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Question for all---

What do you think is the percentage of individual investors who do online investing without the aid of a personal financial advisor???

 

[Spaf]

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ou, On-line, Iwould think it would be very few. How would they get paid?

Anyway
The following started out as a joke, however it's kind of related to the current market talk

Subject: Lone Ranger

The Lone Ranger and Tonto went camping in the desert. After they got their tent all set up, both men fell sound asleep. Some hours later, Tonto wakes the Lone Ranger and says, "Kemo Sabe, look towards sky, what you see?"

The Lone Ranger replies, "I see millions of stars."

"What that tell you?" asked Tonto.

The Lone Ranger ponders for a minute then says, "Astronomically speaking, it tells me there are millions of galaxies and potentiallybillions of planets. Astrologically, it tells me that Saturn is in Leo. Time wise, it appears to be approximately a quarter past three in the morning. Theologically, it's evident the Lord is all-powerful and we are small and insignificant. Meteorologically, it seems we will have a beautiful day tomorrow. What does it tell you, Tonto?"

Tonto is silent for a moment, then says, "Kemo Sabe, you dumber then buffalo shit. Someone has stolen tent."

 

[ou81200]

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Thanks Spaf, I needed that.

 

[ou81200]

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Thanks Spaf, I needed that .

 

[The_Technician]

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Hey,

Didn't I see a yahoo plot of the Dollar the other day......someone here know where to find it...????

:^

 

[mlk_man]

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The Technician wrote:

Hey,

Didn't I see a yahoo plot of the Dollar the other day......someone here know where to find it...????

:^

Here are a couple I follow:

http://charts.barchart.com/chart.asp?sym=$DXY&data=A&date=040705&den=HIGH&evnt=ADV&grid=Y&jav=ADV&size=C&sky=N&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk

http://finance.yahoo.com/q/bc?s=EURUSD=X&t=1y&l=on&z=m&q=l&c=

 

[mlk_man]

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That first one didn't paste well, try this:

http://quote.barchart.com/quote.asp?sym=$DXY&code=BSTK

 

[mlk_man]

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Hmmmmmm, just go to http://www.barcharts.com and quote $DXY.

 

[Guest]

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Looks like China is miffed and buying foreign currencies.

Asian currencies are ripping to the upside.

I am looking at my Australia/Kiwi/Thai/PI and Singapore accounts and need a pace maker. :shock::shock::shock:

USD is getting smoked.

This will not be good for the F fund.

Like I said two weeks ago. Those in F fund will get burned alive. :^

 

[JOVARN]

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Wondering if the housing bubble is placing fear in the investor and many are jumping back into the market causing an artificial spike as it drives itself. Who would have guessed that in the month of August with oil being at $62 the market would have reacted the way it did. I would suspect a big sell off today. I went 100% G on Monday and paid for it on Tuesday.

The gamblers story.

 

[Guest]

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What is going on a lot of hedge funds were underperforming and they have been taking alot of risk to catch up.

The smart money is riding their backs.

If you notice insiders in home builders, utilitiesand financials are selling their shares like they were on fire.

Now they are relaxing the rules so the retail investor can invest in utilities more easily.

Sure sign of of a top.

Like the record refinancing of mortgages last month. Everyone on the fence has refinanced. However the refinanced to interest only and ARM loans.

As Greg says - Uggggggggggg.

 

[teknobucks]

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cool video from sts repair....

http://news.yahoo.com/news?tmpl=s&u=/shuttlereturn/static

 

[The_Technician]

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Hey...who dun dat!!!!

:l


As I said before,LMAO DMA and Tekx'S, gainer vs losers wasn't good this morning....market can't move.....they'r sellingout....

There's a mysterious erasing ghost lurking about.......:l


Looky here...this is interesting....



[align=left]Actual
102,971


class=econo-sectiontitleHighlights
Challenger's count of U.S. layoff intentions was high in July, at 102,971 vs. 110,996 in June and far above 69,572 in July last year. Hiring intentions, at 27,180 vs. 24,303 in June, were firm but still do not take the sting out of the big jump in layoffs. Challenger rarely has much effect on the markets, but it may raise suspicions that Friday's employment could prove weaker than expected. [/align]

class=econo-sectiontitleTrends

class=econo-chartcaptionThe Challenger Job-Cut Report could serve as a leading indicator for new jobless claims. However, not all layoff announcements result in near term job losses. For instance, companies often announce layoffs that will result in job losses but not immediately. Companies would simply not replace workers who quit voluntarily.