Market Talk

[Show-me]

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Can anyone give my a direction on futures. I see a lot of people reference S&P 500 futures but since I have started watching them they do not seem to be a very good indicator of the next days action. Are they after hours trading?

 

[Greg]

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Heck, even the 930AM til noon part of the day isn't a good indicator of what the market will do in the afternooon.

 

[Skip]

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Well it looks like the support levels are not holding !!!! 1204 and 1191 fell... next stop
1177 ? That would be almost a 66% retracement of the fibonacci retracement rules.
from the April low... lets wait and see..
Earnings coming up this week and next.... Could be interesting...
50%G50%F
Skip

 

[mlk_man]

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Show-me wrote:

Can anyone give my a direction on futures. I see a lot of people reference S&P 500 futures but since I have started watching them they do not seem to be a very good indicator of the next days action. Are they after hours trading?

Futures definitely aren't a great indicator of how the market will end up, but they do set the mood for the day. On the S&P I'd say anything less than about 2 points is pretty much flat. Right now they are sitting at about 4 pts up so the market should be up today unless we get some bad report or something. :^

 

[Rolo]

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Skip wrote:

next stop
1177 ?

I said 1178 with a different analysis, so sounds good! I still wouldn't rule out ~1140.

The question is: is everything still going to follow as it appears to have all last week?

 

[vectorman]

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Looks to be a good day for the I fund.

NIKKEI 300 (^N300).........

7.09 (2.67%)

http://finance.yahoo.com/q?s=%5EN300

European market....http://www.cnbceurope.com/markets/

 

[The_Technician]

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I noticed our accumulation on the S%P is back to April May time frame in which the levle was 1152......now with the price in the 1180's and going down, it should reveal to you how much has been sold off at higher levels...those investors are left holding the bag...

Still Slip sliding away....

Don't be left holding the emptybag...

MM....I love your avatar....

:^

 

[mlk_man]

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:u

 

[The_Technician]

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Inventory report



[align=left]Actual
0.5%


class=econo-sectiontitleHighlights
Still several weeks to go before Katrina-impacted inventory data are available, but today's data show a sharp 0.5% rise in wholesale inventories during August. But sales at the wholesale level rose even more, up 1.3% and pushing down the inventories-to-sales ratio to an even leaner 1.17.

The Commerce Department made no adjustments for Katrina, noting that a solid 64 of 66 surveyed firms in the area reported back their results.

The inventory-to-sales ratio for autos fell a sharp 8 tenths in the month to 1.30, its lowest level in three years. The data reflect the effects of the summer's strong incentive push.

Lean inventories going into Katrina may now be forcing firms to bid up prices for supplies (especially manufacturers as evidenced by Monday's ISM report). [/align]

Inflationary...??? Wonder where the money is coming from in the next several months....I'm sure alot of households are just played out of extra cash.....

:dude:

 

[The_Technician]

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I see we have the RevShark with us now.....boy, you're the last person I thought I'd see here....

Since you're here I might as well ask you if he remembers a person with the handle of "Dancing With Wolves" (not the movie Dances with Wolves)....I'm am one in the same....and I have sharpened up my tools quite a bit since then..........

The Technician :dude: (DWW)

 

[The_Technician]

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OH....its early on this morning...let me repost this grammar error....



I see we have the RevShark with us now.....boy, you're the last person I thought I'd see here....

Since you're here I might as well askif you remember a person with the handle of "Dancing With Wolves" (not the movie Dances with Wolves)....I'm am one in the same....and I have sharpened up my tools quite a bit since then..........

The Technician :dude: (DWW)

 

[Spaf]

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The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak Date: Oct. 11, Closing


Market News.

Kingdom Talk:. Horseman Krude spooks Vestors! Gains sink in rising lube.

Elsewhere:.... Positive earnings were not todays catalyst.


Doodles and Tea Leaves - Daily.

Doodles:
S&P 500 (Index)
Closed at..............1184.87, dn -2.46
CMF (money flow)..at.-0.180, dn
RSI (strength) at.......31.8, dn
MACD (trend)....bearish
S-STO (signal)...oversold
P-SAR (signal)...bearish
ROC (change)...bearish (-2.50)

Light Crude (NYM)
Closed at.........63.53, up +1.73

Tea Leaves:.................Red


Yak.

Remarks:.......Holding 10/90
S&P Stops:.....Alert: NA, Trail: 1183.
Oil Markers:...<64= ok, 64-69= worry, >69= panic.

 

[Greg]

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YTD Returns (since 12/31/2004)

G-fund3.37%
F-fund1.73%
C-fund-0.85% :s
S-fund2.72%
I-fund7.04%

Month-To-Date Returns for October (since 09/30/2005)
G-fund0.09%
F-fund-0.09%
C-fund-3.54%
S-fund-4.54%
I-fund-1.95%

Return since 08/01/2005 - Date that L-funds were started
L2040-1.43%
L2030-1.25%
L2020-0.91%
L2010-0.47%
L-Inc0.09%

 

[vectorman]

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Greg, thanks for posting the returns.

 

[Skip]

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Rolo wrote:

Skip wrote:

next stop
1177 ?

I said 1178 with a different analysis, so sounds good! I still wouldn't rule out ~1140.

The question is: is everything still going to follow as it appears to have all last week?

well its 1177.85 so you are closer !!! lol 1137.08 for your 1140.... a 66% pull back is still healthy....
See chart....

 

[robo]

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Some comments from a Tech before todays trading:

The drop by the S&P 500 below the support band from 1190 to 1194 gives further confirmation of the market's weakness. Only the uptrend line from the October low stands between the market and the April low at 1137.50. Because of the degree to which we are oversold there is a good chance that it will hold, but I want to see it before taking on any more equity risk.

 

[Skip]

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With GM and DNA the only upbeat dows today, not alot of upside.
The oil stocks have been pushing the sp500 up but they are weak also... A little strength today .... Its just a hard market to play... I'll keep my power dry until next week as we got some more earnings due out.
Skip

 

[Mike]

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I'm attacking with 100% in equities once I believe we've seen the bottom (still 40% left in G / F)...

Hopefully, the bottom is1177 on the SPX and not 1140 (I bought near that low with my Roth and would be royally ticked to see those gains completely wiped out :X).

 

[Show-me]

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Watched NBR Market Monitor online. Robert Marrow a technical analyst believes the S&P will go to 996. Ouch! He was 1% from the top. His 3 favorite picks 6 months ago and today are XLU, XLE, and GLD.

 

[The_Technician]

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"Watched NBR Market Monitor online. Robert Marrow a technical analyst believes the S&P will go to 996"

I could believe that....I have some speculation that anything 1000 or below is very possible.....I just can't tell how much the M3 Money supply will play into the bottom.....

I put in $55 into the tank this morning before going to work...last time it was $70+....sure could put that money somewhere else and employ someone.......

as I drove to work there was news that some people will have to make a choice this winter between eating and heating.....wow....I hope the pee-ons who drove the energy prices up (making excess profits I might add on a basic need like food, clothing and shelter, and along their way ruined the economy) sleep well knowing that they are making money off of people possibly dyeing...its despicable....(did I spell that correctly???)

I swear the worse thing I hate is some humans......what pigs......:!(and those aren't thumbs up either) self centered B@st@rds....

:dude: