Market Talk

[Guest]

imported post

Oil close to 66 does not matter

 

[Spaf]

imported post

pyriel, U could be right! S is coming out of a deep correction.

DMA, they got tired of listening to the growls of oil.

 

[Spaf]

imported post

The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak Date August 11, 2005, Closing


Market News.

Kingdom Talk: Back to the economy! Vestors ignore threats and growls from Krude.

Elsewhere: Yen up, Euro up, Dollar dn.

Elsewhere: Big gainers were burgers [MCD] and news [NWS]


Doodles and Tea Leaves - Daily.

Doodles:
S&P 500 (Index)
Closed at 1237.81, up +8.68
CMF (money flow) at 0.038, up
RSI (strength) at 57.1, up
MACD (trend) bearish
Slow STO (signal) bullish
ROC (change) at -0.54, rising

Light Crude (NYM)
Closed at 65.80, up -0.90

Tea Leaves: Yellow - Green


Yak.

Remarks: Holding 50/50
S&P Stops: Alert=1233 [restored], Trail=1221

 

[coolhand]

imported post

DMA wrote:

Oil close to 66 does not matter

EXACTLY! :^

 

[coolhand]

imported post

Here's something to think about.

http://tinyurl.com/8fzub

Pay particularly close attention to the last couple of paragraphs.

 

[Guest]

imported post

coolhand wrote:

DMA wrote:

Oil close to 66 does not matter

EXACTLY! :^

Run up today was on the sure thing DELL report. DELL missed by a mileand is down 8% in the after hours. Believe DELL has never issued downside guidance. How the mighty fall.

36.45

3.16 (8.03%)[/b]

I took a small short position. To small to mean much but what will this mean for the market as a whole tomorrow? :shock:

 

[robo]

imported post

When analyst were predicting 50 a barrel oil people were saying it would ruin the economy. Now when you mention 50 a barrel they say, that would be nice.... After labor day oil is heading back to the 50's..... And that really would be nice!

 

[Guest]

imported post

robo wrote:

When analyst were predicting 50 a barrel oil people were saying it would ruin the economy. Now when you mention 50 a barrel they say, that would be nice.... After labor day oil is heading back to the 50's..... And that really would be nice!

Run up was in the "belief" that DELL would give a gang buster report to let the market run up another day so the "big guys" could cut the retail investor off at the knees on Monday or Tuesday. There a few stocks INTC, GE, CSCO, DELL, GOOG, EBAY, etc (which all have all missed on last earnings) that when they reported earnings they would drive the market up as a whole for a day or three...then you notice four or five days later their stock price would be lower because the "big guys" would cha ching out screwing the bag holders.

That was what they were fixing to do with DELL. :s

Jam, bam, thank you maam.

 

[coolhand]

imported post

robo wrote:

When analyst were predicting 50 a barrel oil people were saying it would ruin the economy. Now when you mention 50 a barrel they say, that would be nice.... After labor day oil is heading back to the 50's..... And that really would be nice!

Thatwould be my guess.

 

[Guest]

imported post

coolhand wrote:

robo wrote:

When analyst were predicting 50 a barrel oil people were saying it would ruin the economy. Now when you mention 50 a barrel they say, that would be nice.... After labor day oil is heading back to the 50's..... And that really would be nice!

Thatwould be my guess.

Bond market, oil and PMs are saying to me.

Good morning Tehran.

This action is like prior to Afghan and Iran.

 

[teknobucks]

imported post

WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!

 

[coolhand]

imported post

teknobucks wrote:

WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!

Couldn't have said it better myself...

 

[robo]

imported post

DMA wrote:

Good morning Tehran.

Can't disagree with that, nor the fact that oil is not going down anytime soon....

Oil refineries change over in July, and theyhope current supply of gaswill last.... What current supply!!!!!!August could get uglier for gas...... It could hold back new highs on the stock market for awhile.

 

[teknobucks]

imported post

robo wrote:

DMA wrote:

Good morning Tehran.

Can't disagree with that, nor the fact that oil is not going down anytime soon....

Oil refineries change over in July, and theyhope current supply of gaswill last.... What current supply!!!!!!August could get uglier for gas...... It could hold back new highs on the stock market for awhile.

crude smude...who cares......obviously wall street does not! run it up to 68-69 and ratchet it back to 57-58 for a mega rally. then up to 70-72 and back.

same with rates run um up to 4.25 or so and put the plunge down to the low 3's by election time.

look our plan is to use all the oil from the mideast first folks. oil is nuthin but a manipulated game...same for gold...JMHO

we have a lot of oil in the gulf of mex., calif., andin alaskaof course for later. coal and shale oil we aint hurtin 4 either.

shoot most of the wells in the southern san joaquin valley are capped, even tho a major pipeline to san pedro (port of la) was built in 96-98...... anyone wonder why????

as far as iran we have to worry about the russians more so with that country than we did iraq....but moscow usually will cut a deal with anyone for the right price....again jmho

tekno

 

[Guest]

imported post

robo wrote:

DMA wrote:

Good morning Tehran.

Can't disagree with that, nor the fact that oil is not going down anytime soon....

Oil refineries change over in July, and theyhope current supply of gaswill last.... What current supply!!!!!!August could get uglier for gas...... It could hold back new highs on the stock market for awhile.

Gold up 9 clams, oil up and bond yields falling.

I seen this movie before. :shock:

 

[Guest]

imported post

teknobucks wrote:

robo wrote:

DMA wrote:

Good morning Tehran.

Can't disagree with that, nor the fact that oil is not going down anytime soon....

Oil refineries change over in July, and theyhope current supply of gaswill last.... What current supply!!!!!!August could get uglier for gas...... It could hold back new highs on the stock market for awhile.

crude smude...who cares......obviously wall street does not! run it up to 68-69 and ratchet it back to 57-58 for a mega rally. then up to 70-72 and back.

same with rates run um up to 4.25 or so and put the plunge down to the low 3's by election time.

look our plan is to use all the oil from the mideast first folks. oil is nuthin but a manipulated game...same for gold...JMHO

we have a lot of oil in the gulf of mex., calif., andin alaskaof course for later. coal and shale oil we aint hurtin 4 either.

shoot most of the wells in the southern san joaquin valley are capped, even tho a major pipeline to san pedro (port of la) was built in 96-98...... anyone wonder why????

as far as iran we have to worry about the russians more so with that country than we did iraq....but moscow usually will cut a deal with anyone for the right price....again jmho

tekno

Run up today was for DELL

3.27 (8.25%)[/b]

 

[ou81200]

imported post

Oil can't hurt the market long term. Investors will only go for the energy sector buying up shares. Look at what Valero has done along with other oil companies. Thanks tekno for your input. I'm glad to see someone with eyes on the horizon. This is one reason I believe China was trying to get into the U.S. oil market by buying one of our companies.

One of my long term objectives is to get involved with a few mid and small cap oil and natural gas companies in the U. S. and Canada. Canada has probably the largest oil shale deposits in the world. The only thing that was keeping them from mining it was oil prices being low. Well that not a problem now. In the U.S., coal bed methane is getting to be a big thing.

Small cap oil & NG companies will have the opportunity to get gigger, or be bought out by the bigger guys. There was a private company in Utah earlier this year(Wolverine oil)that made what could possibly be the largest onland oil deposit in the U.S. As of 7/30/05, They had two wells producing 1500 bbl's daily. The field has potentially 100 to 200 milllion barrels. Their exploration manager believes there are ten such fields out there waiting for exploration.

North America is loaded with oil. We are just bidding our time to tap it. So screw OPEC.

 

[Guest]

imported post

ou81200 wrote:

Oil can't hurt the market long term.

They said that in 1972.

 

[robo]

imported post

I know I have did this a couple of times...... How about you?

Dated 10 Aug 2005

1. SHORT-TERM MARKET FORECAST: Please Just Give Us ONE More Correction -- By Tobin Smith

When you find yourself talking to the TV in your hotel pleading for ONE more pullback before the run to the roses year-end rally, you are obviously desperate. Virtually all the money we have made this year has been buying the pullbacks -- especially in energy stocks.

It seems like a year ago, but it was really just a few months ago in April that I was writing you and pleading on Fox News to use the hedge fund-led massacre of energy stocks -- i.e., the only stocks they had made ANY money in -- to load the boat with our favorite all-star companies.

Can we just have one more panic-selling event before October? Is that too much to ask? The market really seems to be telling us it wants to anticipate the year-end rally. It does not take a Ph.D. in statistics or finance to figure out that the third-quarter numbers that get reported in Q4 this year are going to look AWESOME, baby, compared to the "soft patch" third quarter of '04.
In a nutshell, that's what I see in the market now -- big money playas buying small dips here to make sure they have maximum exposure/leverage to that move.

What's keeping us from the sell-off that I'm praying for is a lack of optimism. All the sentiment numbers are simply NOT high enough to make for a 5%-ish fade off the 2,220 Nasdaq top and S&P 500's 1,245.

Is a 5% correction on the way???? Some are praying for it that's for sure..........

 

[tsptalk]

imported post

teknobucks wrote:

WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!

I need to take you to Vegas with me tekno. Whenever I say "WEEEEEEEEE" the market slaps me down (not just this summer either). You just keep winning. :^ It's an attitude thing. You have the correct one.

Whenever my ego gets in the way, I am quickly humbled.

I see you went 77% G. You may be the best timer here. (PR is a close second).