Market Talk

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Australia and Hongkong seems to be holding fine in Asia. However Japan is currently down .78. Hope that the worst is behind us and we start seeing green next week...
 
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The dollar sure saved the I fundon Thursday. EAFE was down 1.59%. In dollars it was down just .68%.
 
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The S fund has finally been hammered down and I think any rebound in small caps will be slower than large caps. The C fund may be ready for some sunshine along with the I fund. The race will be exciting from this point forward. I'll be back to ground zero on the C fund at $12.60 - oh well at least the year isn't over yet.
 
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Tom, I just read your and RevShark's market comments and you pose some good questions. I have a question also. I'm wondering if these Fed guys are allowed to play the market themselves and if they do, do they have to report what they invest in? I"m not saying they might be manipulating the market for self gratification, but it seems it would be quite easy to short the market and then come out and say "We are going to keep raising rates".

I think I need a friend on the Fed.......................:^
 
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Rolo wrote:
I checked everything this morning and it looked like it was slowing a lot and EFV was white. When I got home and checked...wow...gravity kicked in sometime today.

The long shadows has me wondering if that quick bounce today was 'the low' but that isn't what I had in mind...an actual close ~1178 and a little hovering down there.

So, I'm not bullish yet.

Heck...I can't believe EVERYTHING is falling fast....Ima be scarred from Octobers here soon.


Ya'll watch it.....it don't have tendencies to move up at all during this time period over the next month or so.....

Just ask Mike if he misjudged it.....

:dude:
 
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Some comments from a tech:
We discussed a possible bouncein yesterdays reportand while it looked like it was happening during the first two hours of trading, for the next four hours the market declined relentlessly until a final rally in the last twenty minutes. We are much closer to getting a bounce today orTuesday at the latest. For the nimble trader, one who is willing to gamble on a quick one or two day turnaround, buying today will provide a limited risk trade close to a logical stop loss. We'll take a look at the trade below.

The next chart shows the relationship of the S&P 500 and its support band between 1190 and 1194.90. The ovals highlight the passages through the band and the reversals within the band as well. There is a good chance that yesterday's close within the band will lead to a tradable reversal. A reasonably safe way of playing it is to use the trendline from the October 25, 2004 low through the April low as a mental stop loss. Doing so limits the risk roughly to the 1% between yesterday's close at 1191.49 and the trendline at 1180, plus the slippage resulting from the buy and sell.
07derfSP.gif
Rolo's 1180 could provide lots of support when we sell off again, but it's to early to tell without being tested.Looks like April all over again when it sold off to 1130's and hit the trend line.
 
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Why is it on this chart we are short of the trend line and on Tom's chart we are sitting right on it?

Thanks,

M_M
 
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I want to know why some of us can't connect to TSP.GOV at night from home. This is a very recent problem. Any insight?
 
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smine wrote:
I want to know why some of us can't connect to TSP.GOV at night from home. This is a very recent problem. Any insight?
Smine I have not had a problem all week. Are you doing this at work where there could be a block on it now?
 
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mlk_man wrote:
Tom, I just read your and RevShark's market comments and you pose some good questions. I have a question also. I'm wondering if these Fed guys are allowed to play the market themselves and if they do, do they have to report what they invest in? I"m not saying they might be manipulating the market for self gratification, but it seems it would be quite easy to short the market and then come out and say "We are going to keep raising rates".

I think I need a friend on the Fed.......................:^
This week was full of Fed talk about higher inflation, right before this fridays job report with a astonishing low number. One really has to wonder.:shock:
 
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vectorman wrote:
Can anyone verify if the stock market is closed on monday. I keep hearing on CNBC that just currencies and fixed income is closed? Thenews that I'm seeingshows stocks and futures open on monday.

Monday Oct 10

USA Holiday: Columbus Day - Stock and Futures Open


Click link, then checkToday's Calendar for Oct 10th

http://www.nasdaq.com/asp/econodayframe.asp?page=http://www.nasdaq.com/econoday/index.html
Stock market is open on Monday! I made the same mistake. TSP has nothing about the holiday!

http://www.nasdaq.com/about/schedule.stm
 
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Show-me wrote:
Stock market is open on Monday! I made the same mistake. TSP has nothing about the holiday!

http://www.nasdaq.com/about/schedule.stm
From TSP.gov, just click on share prices.

The Thrift Savings Plan is closed on Monday, October 10, 2005, for Columbus Day. Therefore, share prices will not be updated and transactions will not be processed until the following business day.
 
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mlk_man wrote:
Why is it on this chart we are short of the trend line and on Tom's chart we are sitting right on it?
The chart I posted was the closing price 1191 S&P, but the low for the day was around 1183... Tom's chart shows that low point.... If it closes below the trend linewe could head down to the 1150's. If we test the trend line again and it holdsthis could be bullish.
 
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So TSP office closed on monday. Does this mean with US markets open on monday, that adjustments will be made tueday COB that will reflect what went on in the market on monday just like the I fund?:?
 
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vectorman wrote:
So TSP office closed on monday. Does this mean with US markets open on monday, that adjustments will be made tueday COB that will reflect what went on in the market on monday just like the I fund?:?
It willreflect what happens in the market on Monday and Tuesday.
 
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robo wrote:
mlk_man wrote:
Why is it on this chart we are short of the trend line and on Tom's chart we are sitting right on it?
The chart I posted was the closing price 1191 S&P, but the low for the day was around 1183... Tom's chart shows that low point.... If it closes below the trend linewe could head down to the 1150's. If we test the trend line again and it holdsthis could be bullish.
Thanks for clarifying robo.
 
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I noticed in todays market comments, that Tom did not include that statement about if the job report differs by more than 50,000 than what is expected.....

Three days after a large surprise in the jobs report of 50,000 jobs, up or down, the S&P 500 was higher only 5 out of 18 times. Its average return was minus 0.5%. Markets don’t like surprises because they create uncertainty.



Ten days after a negative surprise of 50K jobs or more, the S&P was higher 55% of the time. Ten days after a positive surprise of 50K or more, it was lower 58% of the time.



Ninety days after a large negative surprise, the S&P showed an average return of +5.1%. Ninety days after a large positive surprise, its average return was 1.7%.



The correlation between surprises in the jobs number and 90-day returns in the S&P 500 has been -.32. This means that the more positive the surprise, the more negative the performance in the S&P and vice-versa. Given the sample size, this is significant.
 
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