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Market Talk
- Thread starter Spaf
- Start date
Spaf
Honorary Hall of Fame Member
imported post
The Kingdom of TSP
Daily Edition
Market News, Doodles, Tea Leaves & Yak Date: Nov. 17, Closing
Market News.
Kingdom Talk:. Stox advance. Train's rolling!
Elsewhere:......Horsemen: Krude's in the can, Rat's lost saddle, Inflate is asleep, and Earnie is not around. So much for the horsemen!
Doodles and Tea Leaves - Daily.
Doodles:
S&P 500 (Index)
Closed at...................1242.80, up +11.59
CMF (money flow) at.....+0.168, up
RSI (strength) at...........65.9, up
MACD (trend)....bullish
S-STO (signal)...-------
P-SAR (signal)...bullish
ROC (change)....bullish
Light Crude (NYM)
Closed at..............56.34, dn +1.54
Tea Leaves:................Green.
Yak.
Remarks:.......Holding 100% stox
S&P Stops:.....Alert: 1231, Trail: 1219.
Oil Markers:...<64= ok, 64-69= worry, >69= panic.
The Kingdom of TSP
Daily Edition
Market News, Doodles, Tea Leaves & Yak Date: Nov. 17, Closing
Market News.
Kingdom Talk:. Stox advance. Train's rolling!
Elsewhere:......Horsemen: Krude's in the can, Rat's lost saddle, Inflate is asleep, and Earnie is not around. So much for the horsemen!
Doodles and Tea Leaves - Daily.
Doodles:
S&P 500 (Index)
Closed at...................1242.80, up +11.59
CMF (money flow) at.....+0.168, up
RSI (strength) at...........65.9, up
MACD (trend)....bullish
S-STO (signal)...-------
P-SAR (signal)...bullish
ROC (change)....bullish
Light Crude (NYM)
Closed at..............56.34, dn +1.54
Tea Leaves:................Green.
Yak.
Remarks:.......Holding 100% stox
S&P Stops:.....Alert: 1231, Trail: 1219.
Oil Markers:...<64= ok, 64-69= worry, >69= panic.
imported post
Skip wrote:
I think we have more to come.... Look at the nasdaq. Up 1.49% in a day...
SP500 just a little under the years high...
How are you betting ? :^
DJIA 10,720.22
45.46 up 0.43% NASDAQ 2,220.46
32.53 up 1.49% S&P 500 1,242.80
11.59 up 0.94% 
EditIndices
SymbolLookup|
PageHelp loadBuffer.add('initNewsStory()'); resizeBuffer.add('resizeNewsStory()'); loadBuffer.add('initNewsHeadlines(1, "story")'); resizeBuffer.add('resizeNewsHeadlines()'); Stock Market Update - 2005/11/17 16:20:01 5:00p ET November 17, 2005 (Briefing.com) [BRIEFING.COM] After languishing throughout the week, the market finally reclaimed some of the upside momentum that helped lift the major indices an average of 4.9% over the last three weeks, lending credence to Briefing.com's belief that a traditional year-end rally will close the S&P 500 up 5% for the year. The market opened on a positive note amid a good underlying tone for stocks, supported in part by 75% of the S&P 500 either surpassing or matching analysts' forecasts to register a 14th straight quarter of double-digit profit growth, but got an extra boost late in the day as oil prices plunged. With crude prices ($56.40/bbl -$1.48) finishing (-2.6%) near their lowest levels since late June, early buying interest in equities strengthened as a broad-based rally closed all ten economic sectors to the upside.
Bulls have a 30/06 and looking for BEARS :s...
Skip
Skip wrote:
OK! we went just above the 10720 level "what a call!!! 10720.22" and closed !!! looking real good... Gm helped and went to the up side today... I should of put my money were my mouth was... I didn't buy any... sp500 up over 11 points.... VERY BULLISH...
I think we have more to come.... Look at the nasdaq. Up 1.49% in a day...
SP500 just a little under the years high...
How are you betting ? :^
DJIA 10,720.22
EditIndices
SymbolLookup|
Bulls have a 30/06 and looking for BEARS :s...
Skip
The_Technician
Active member
imported post
Skip wrote:
:dude:
Skip wrote:
Put mine on hold will ya....I'll be there in 2010!!!
:dude:
imported post
All stock funds up today over 1% average .... Thats BULLISH..
Remember .... We are not bulls or bears.... Just let the market
guide you and trade in the direction of the trend...
Comments from Ed Downs....
[font="Verdana, Arial, Helvetica, sans-serif"]Testing 10,700[/font] [font="Verdana, Arial, Helvetica, sans-serif"]Dow breaks above 10,700, holds to the Close.[/font] [font="Verdana, Arial, Helvetica, sans-serif"]
From prior commentary, "...Watch 10,650 for weakness tomorrow. If the index can hold above this zone, it will still be in good position to retest highs..." [/font] [font="Verdana, Arial, Helvetica, sans-serif"]The Dow held firmly above the key 10,650 level today and eventually broke back above the 10,700 en route to a bullish session, as seen in the 15 and 60 Minute Charts. The index managed to close above 10,700 for the first time since late July, which puts it in good position to finally pull away from this level in search of higher ground. [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]Again, we will continue to focus on the 10,650 level for a more medium-to-long term focus on direction. The Dow is likely to struggle around the 10,700 level in the near-term before real direction is finally flushed out. As long as the index continues to hold above 10,650, continued overall strength should be seen, especially if 10,750 is solidly broken to the upside. [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]However, should the index break below 10,650, all medium term strength is likely to be cancelled out. A break at this level could spark a big drop, but this scenario is not very likely at this time. [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]Short Term Dow [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]The Dow broke through, and held above, the 10,700 level late in the session today, which implies strength tomorrow morning. Watch this fulcrum for direction at the Open tomorrow. [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]Medium Term Dow [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]In the medium term, we entered the Dow Long at 10,700 today and are still in the position. We will hold stops at the entry for tomorrow's session and will want to stay Long above 10,750. We will hold off on Shorts, unless 10,650 is crossed to the downside; using 20 point stops. [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]NASDAQ & S&P [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]The NASDAQ and S&P each broke through key upper boundaries en route to strength on the session. Look for the indexes to hold the current gains to imply continued strength. [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]Summary [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]The Dow closed the day with a nice sprint to the Close, as the index broke through the 10,700 level to rally to the Close. The index continues to hang around this key level, which continues to hint at a potential breakout. As long as 10,650 continues to be held, a breakout is big possibility. [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]Thanks for listening, and Good luck in your trading! [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]Ed Downs
edowns@nirvsys.com [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]with assistance from..
Frank Ochoa, Sr. Market Analyst
fochoa@nirvsys.com [/font]
All stock funds up today over 1% average .... Thats BULLISH..
Remember .... We are not bulls or bears.... Just let the market
guide you and trade in the direction of the trend...
Comments from Ed Downs....
[font="Verdana, Arial, Helvetica, sans-serif"]Testing 10,700[/font] [font="Verdana, Arial, Helvetica, sans-serif"]Dow breaks above 10,700, holds to the Close.[/font] [font="Verdana, Arial, Helvetica, sans-serif"]
From prior commentary, "...Watch 10,650 for weakness tomorrow. If the index can hold above this zone, it will still be in good position to retest highs..." [/font] [font="Verdana, Arial, Helvetica, sans-serif"]The Dow held firmly above the key 10,650 level today and eventually broke back above the 10,700 en route to a bullish session, as seen in the 15 and 60 Minute Charts. The index managed to close above 10,700 for the first time since late July, which puts it in good position to finally pull away from this level in search of higher ground. [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]Again, we will continue to focus on the 10,650 level for a more medium-to-long term focus on direction. The Dow is likely to struggle around the 10,700 level in the near-term before real direction is finally flushed out. As long as the index continues to hold above 10,650, continued overall strength should be seen, especially if 10,750 is solidly broken to the upside. [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]However, should the index break below 10,650, all medium term strength is likely to be cancelled out. A break at this level could spark a big drop, but this scenario is not very likely at this time. [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]Short Term Dow [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]The Dow broke through, and held above, the 10,700 level late in the session today, which implies strength tomorrow morning. Watch this fulcrum for direction at the Open tomorrow. [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]Medium Term Dow [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]In the medium term, we entered the Dow Long at 10,700 today and are still in the position. We will hold stops at the entry for tomorrow's session and will want to stay Long above 10,750. We will hold off on Shorts, unless 10,650 is crossed to the downside; using 20 point stops. [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]NASDAQ & S&P [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]The NASDAQ and S&P each broke through key upper boundaries en route to strength on the session. Look for the indexes to hold the current gains to imply continued strength. [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]Summary [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]The Dow closed the day with a nice sprint to the Close, as the index broke through the 10,700 level to rally to the Close. The index continues to hang around this key level, which continues to hint at a potential breakout. As long as 10,650 continues to be held, a breakout is big possibility. [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]Thanks for listening, and Good luck in your trading! [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]Ed Downs
edowns@nirvsys.com [/font]
[font="Verdana, Arial, Helvetica, sans-serif"]with assistance from..
Frank Ochoa, Sr. Market Analyst
fochoa@nirvsys.com [/font]
robo
Well-known member
imported post
Headed for new highs soon!!!!
The NASDAQ was also the only index to exceed its four-year high yesterday.
The S&P 500 soundly penetrated the downtrend line drawn from the August high and managed to exceed its September high. However, three points remain to be gained before it scores a new four-year high.
The Dow has the furthest to go to reach a new high for the year above 10912.60, but it did manage to make a new interim high above its stumbling block at 10705.
Headed for new highs soon!!!!
The NASDAQ was also the only index to exceed its four-year high yesterday.
The S&P 500 soundly penetrated the downtrend line drawn from the August high and managed to exceed its September high. However, three points remain to be gained before it scores a new four-year high.
The Dow has the furthest to go to reach a new high for the year above 10912.60, but it did manage to make a new interim high above its stumbling block at 10705.
Birchtree
Well-known member
imported post
What a nice day - are we overbought yet - who cares. We will stay that way and plow into next week - don't look for any pull backs. The only thing that matters right now is money flow and money is back with a vengance.
Another new all time high in the Transports +58.30 to 4140.69. Robo do you have a graph for this index? A 41/2 year high on the S&P 1248.27. I believe another new all time high or very close on the Wilshire 5000 +52.75 to 12,495.11. The prevailing question is when will the Dow top 10,997? With all the good news from GE that should certainly help.
The SPX volume MCSUM went above its zero line today and as each MCSUM moves above the zero lines, the easier and easier it will become for the price patterns to move high and higher. I would like to see several back to back 3 to 1 ratios of advance/decline issues like we had in 2003 at the wave 3 epicenter. Yes folks with today's advance the market could continue to look higher right through all of next week.
Dennis-permabull #2
What a nice day - are we overbought yet - who cares. We will stay that way and plow into next week - don't look for any pull backs. The only thing that matters right now is money flow and money is back with a vengance.
Another new all time high in the Transports +58.30 to 4140.69. Robo do you have a graph for this index? A 41/2 year high on the S&P 1248.27. I believe another new all time high or very close on the Wilshire 5000 +52.75 to 12,495.11. The prevailing question is when will the Dow top 10,997? With all the good news from GE that should certainly help.
The SPX volume MCSUM went above its zero line today and as each MCSUM moves above the zero lines, the easier and easier it will become for the price patterns to move high and higher. I would like to see several back to back 3 to 1 ratios of advance/decline issues like we had in 2003 at the wave 3 epicenter. Yes folks with today's advance the market could continue to look higher right through all of next week.
Dennis-permabull #2
robo
Well-known member
imported post
Birchtree wrote:
Birchtree wrote:
Your correct , we are short term overbought and not many cared last week.... I was under invested inequities last week.. The technicals pointed to a short term over bought, but didn't get the pullback to add additional money. I should have known, don't buck the trend!!! Did make some , but not near what you did.... What a great run we are having!!! My Emerging Markets are performing the best YTD.... Next week is historical pretty darn good... If we don't get a small pullback by Tuesday, I'll add stock atcurrent prices....The odds favor a Turkey rally even if the Technicals are overbought!!!! GO GO Birchtree!!!!!!! Have a nice weekend Dennis... I have to get back to Ebay.... I'm bidding on several Xbox 360's.... I'm in my 50's, but love to play sports games on my 50" HDTV with Xbox.... The Xbox 360 will be a blast!!!!
imported post
All the indexes are starting to make new highs !!!
The dollar is really bullish so the I fund is being held down, But still making head way..
If the dollars starts to drop, Plus if they raise the euro interest rates that will be the fund to be in...They have a lower interest rate than US and they are thinking about rasing it, so be alert...
Stocks are the place to be in now.... The only thing that would put a BIG kink in everyones pocket book is the bird flu if it really gets out of hand... That scares me and I don't have a solid plan of action for it..... YET... anyone ? What would stock prices do? Drop What would the dollar value be ? Compared to what ? We can't go to gold in our TSP accounts . Realestate prices would drop as we would have to many houses for sale
and less buyers....
Some good questions... looking for answers....
Skip
All the indexes are starting to make new highs !!!
The dollar is really bullish so the I fund is being held down, But still making head way..
If the dollars starts to drop, Plus if they raise the euro interest rates that will be the fund to be in...They have a lower interest rate than US and they are thinking about rasing it, so be alert...
Stocks are the place to be in now.... The only thing that would put a BIG kink in everyones pocket book is the bird flu if it really gets out of hand... That scares me and I don't have a solid plan of action for it..... YET... anyone ? What would stock prices do? Drop What would the dollar value be ? Compared to what ? We can't go to gold in our TSP accounts . Realestate prices would drop as we would have to many houses for sale
and less buyers....
Some good questions... looking for answers....
Skip
imported post
NEW YORK (Reuters) - U.S. stocks could make fresh gains next week as sectors such as technology draw new money, but overall trading volumes will likely be limited as many investors hit the road for the Thanksgiving holiday, according to analysts.
Stock markets will close all day on Thursday for Thanksgiving Day and will pull down the shutters early on Friday at 1 p.m. (1800 GMT).
But before investors head for home, they will have to contend with economic reports that should provide further clues about the health of the U.S. economy.
Among the reports scheduled for release are the Redbook Research weekly store sales report on Tuesday, initial jobless claims report on Wednesday and the final University of Michigan consumer sentiment index for November.
In addition, the holiday-shortened week has a roster of speeches by several Fed officials, including one on the U.S. economy by Federal Reserve Bank of Chicago President Michael Moskow on Monday.
On Wednesday, Federal Reserve Bank of St. Louis President William Poole will speak on "Communicating the Fed's Policy Stance" at an event in London.
With inflation still very much a concern, analysts said investors may spend time sifting through economic reports and comments from Fed officials for signs showing when the Fed may stop raising interest rates, or just how far it is willing to go with its recent spate of increases.
But despite lingering interest rate and inflation worries, U.S. stock rallied this week, helped in part by increasing interest in sectors such as technology, which until recently were on the back burner as investors piled into areas such as energy.
Declining crude oil prices have also lent support to the market, raising hopes consumer will have more cash to spend this holiday season as heating costs ease.
Oil sank below $56 a barrel on Friday for the first time since the end of June, as investors grew confident that large fuel stockpiles will see the world's consumers through cold winter weather.
POSITIVE STREAK
At Friday's close, the Dow Jones Industrial average closed at its highest level in 8 months. For the week, it was up 0.8 percent, the fourth straight week of gains.
Both the tech-laden Nasdaq Composite Index and the Standard & Poor's 500 Index surged to their highest closes in almost 4-1/2-years. The Nasdaq rose for a fifth consecutive week, up 1.12 percent, while the S&P rose 1.10 percent, its fourth straight weekly gain.
"Psychologically, the market obviously feels a lot better than it did in October and, typically, you'll get some sort of year-end kind of rally, and we feel that's what's going on," said Evan Olsen, head of equity trading at Stephens Inc.
But he noted that, with the holiday, a lot investors may be less inclined to be in the market. In addition, corporate earnings reports for the recent quarter are winding down, leaving the market with little to go on.
Among a few remaining earnings reports likely to help set the tone for stock investors is Campbell Soup Co.'s fiscal first-quarter results, fiscal fourth-quarter results for farm equipment maker Deere & Co. and fiscal second- quarter results for ketchup and packaged food producer H.J. Heinz Co. .
Another event closely watched by investors will be the release on Tuesday of the Federal Open Market Committee's minutes for its November 1 meeting at which short-term rates were raised for the 12th time since June 2004.
"We're coming off a very positive week, so the wind is clearly at our backs right now," said Hans Olsen, chief investment officer at Bingham Legg Advisers in Boston.
"The good news is that probably the Santa Clause rally will happen, but the bad news is it takes the focus off some of the real issues that will impede the market going forward."
Analysts said the upcoming week could also see investors tread cautiously after this week's surprise announcement from the European Central Bank that it is ready to raise rates in December for the first time in five years.
"One area that was expected to resist raising rates was Europe, but now with the ECB set to throw in the towel and start raising rates, I think that puts a little bit of inflation fears back into the market," said Larry Peruzzi, senior equity trader at The Boston Company Asset Management, a Mellon subsidiary.
(Additional reporting by Caroline Valetkevitch)
Copyright 2005 Reuters
NEW YORK (Reuters) - U.S. stocks could make fresh gains next week as sectors such as technology draw new money, but overall trading volumes will likely be limited as many investors hit the road for the Thanksgiving holiday, according to analysts.
Stock markets will close all day on Thursday for Thanksgiving Day and will pull down the shutters early on Friday at 1 p.m. (1800 GMT).
But before investors head for home, they will have to contend with economic reports that should provide further clues about the health of the U.S. economy.
Among the reports scheduled for release are the Redbook Research weekly store sales report on Tuesday, initial jobless claims report on Wednesday and the final University of Michigan consumer sentiment index for November.
In addition, the holiday-shortened week has a roster of speeches by several Fed officials, including one on the U.S. economy by Federal Reserve Bank of Chicago President Michael Moskow on Monday.
On Wednesday, Federal Reserve Bank of St. Louis President William Poole will speak on "Communicating the Fed's Policy Stance" at an event in London.
With inflation still very much a concern, analysts said investors may spend time sifting through economic reports and comments from Fed officials for signs showing when the Fed may stop raising interest rates, or just how far it is willing to go with its recent spate of increases.
But despite lingering interest rate and inflation worries, U.S. stock rallied this week, helped in part by increasing interest in sectors such as technology, which until recently were on the back burner as investors piled into areas such as energy.
Declining crude oil prices have also lent support to the market, raising hopes consumer will have more cash to spend this holiday season as heating costs ease.
Oil sank below $56 a barrel on Friday for the first time since the end of June, as investors grew confident that large fuel stockpiles will see the world's consumers through cold winter weather.
POSITIVE STREAK
At Friday's close, the Dow Jones Industrial average closed at its highest level in 8 months. For the week, it was up 0.8 percent, the fourth straight week of gains.
Both the tech-laden Nasdaq Composite Index and the Standard & Poor's 500 Index surged to their highest closes in almost 4-1/2-years. The Nasdaq rose for a fifth consecutive week, up 1.12 percent, while the S&P rose 1.10 percent, its fourth straight weekly gain.
"Psychologically, the market obviously feels a lot better than it did in October and, typically, you'll get some sort of year-end kind of rally, and we feel that's what's going on," said Evan Olsen, head of equity trading at Stephens Inc.
But he noted that, with the holiday, a lot investors may be less inclined to be in the market. In addition, corporate earnings reports for the recent quarter are winding down, leaving the market with little to go on.
Among a few remaining earnings reports likely to help set the tone for stock investors is Campbell Soup Co.'s fiscal first-quarter results, fiscal fourth-quarter results for farm equipment maker Deere & Co. and fiscal second- quarter results for ketchup and packaged food producer H.J. Heinz Co. .
Another event closely watched by investors will be the release on Tuesday of the Federal Open Market Committee's minutes for its November 1 meeting at which short-term rates were raised for the 12th time since June 2004.
"We're coming off a very positive week, so the wind is clearly at our backs right now," said Hans Olsen, chief investment officer at Bingham Legg Advisers in Boston.
"The good news is that probably the Santa Clause rally will happen, but the bad news is it takes the focus off some of the real issues that will impede the market going forward."
Analysts said the upcoming week could also see investors tread cautiously after this week's surprise announcement from the European Central Bank that it is ready to raise rates in December for the first time in five years.
"One area that was expected to resist raising rates was Europe, but now with the ECB set to throw in the towel and start raising rates, I think that puts a little bit of inflation fears back into the market," said Larry Peruzzi, senior equity trader at The Boston Company Asset Management, a Mellon subsidiary.
(Additional reporting by Caroline Valetkevitch)
Copyright 2005 Reuters
