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Or you can now use TapaTalk again!MARKET WATCH
- Thread starter CSI
- Start date
imported post
Volumn for the 1st time in a couple of weeks is higher on the nasdq rather than the nyse. Also, new highs are ahead of new lows.I would like to seeincreased volumn today to lend support in one direction or the other. The above conditions have changed. I am hoping that we will finish down for today. I am now 100% in the C fund for Monday. There is still a flight to safety by investors.
robo
TSP Legend
- Reaction score
- 470
imported post
I hope your right CSI. The technician I follow still hasn't issued a buy signal. Claims next week may be the bottom, but we mayneed to test 1163 and it has to hold to get this market going again. I'm ready for aup week for a change. Still 100% in G.....imported post
Well for once the market did exactly what I predicted and hoped for. I will be glad to take small consistent profits. I changed my allocation from 100% C to 70%C and 30%S for tomorrow. I hope Mr. Greenspan in his comments tomorrow afternoon does not cause panicselling. Wish I knew before hand what he was going to say about oil and gas. I hope the smart money has all ready taken into account that he will mostly repeat what he has said in the past month. I do not like the I fund this week at all. Europe is happy with the Euro down and Japan likewise with the Yen. If oil and gas reserves are better this week than expected and the price of oil drops, we should see a decent rally in the C & S funds. I may gamble on the I fund for Monday of next week if up enough for the week in the C & S funds. Good luck to all, no matter what your strategy is. I usually invest with my gut feelingsplus taking market comments into consideration, but no matter how you do it, it is still high class gambling and as in gambling it never hurts to get lucky!!!!imported post
You know I watch new highs and new lows. In looking at them today, I know why I like the C fund for now.
NYSE Nasdaq
New hi's 69 45
New low's 32 101
Based on this data, there still is a flight to quality. NYSE 2:1 positive, Nasdaq 2:1 negative. Also, the same is true for advancers and decliners. NYSE positve the last 2 days & Nasdaq negative. Only up volumn has been positive on both. When all 3 turn positive we will head for a new high. Just me talking to me self.
Well as I was writing this post Advancers just passed decliners on the Nasdaq. Now we need some follow thru the last hr today and tomorrow.imported post
:^ Well, I guess we got lucky so far today as all 3 of my gages are positive. Advancers vs Decliners are better than 2:1 on both the NYSE & Nasdaqare up vs down volumn. New highs on the NYSE enjoy a 5:1 ratio over new lows and the Nasdaq has turned the corner being slightly positive for new highs. Nasdaq volumn is ahead of the NYSE which has boded well for the S fund. Thinking the market may take a breather tomorrow.
Spaf
Honorary Hall of Fame Member
- Reaction score
- 45
imported post
Now there is a lot we could do to improve our positions!
Anheuser-Bush Co [BUD] lost 3.2% in the 1st quarter of this year. That's not good!!!
Domestic beer sales reportedly fell 2.7% to 24.4million barrels.
Now lets all chip in here!Spaf
imported post
Well, the Nasdaq fizzled. The S&P 500 held modest gains as did the DOW. Alcoa reported lower than expected profit after the bell. Money on the sidelines has yet to come into the market. One positive is that there was last minute buying but I look for the markets to have trouble making much if any headway tomorrow. I'm hoping to catch a gain in the I fund tomorrow and then back to safety in the G fund for the weekend. It will be interesting to see where the market goes over the next couple of days. If I were to stay in the markets it would be in the C fund as it has shown the most encouragement to hang tough.
coolhand
TSP Legend
- Reaction score
- 400
imported post
Spaf wrote:
Now there's a bearish indicator if ever I did see one! :shock:Now there is a lot we could do to improve our positions!
Anheuser-Bush Co [BUD] lost 3.2% in the 1st quarter of this year. That's not good!!!
Domestic beer sales reportedly fell 2.7% to 24.4million barrels.
Now lets all chip in here!Spaf
Of course I say this as I sit here drinking aglass ofred wine.
imported post
Today marks the 4th day in a row(3 for sure)that the C, S, & I funds will have finished higher. Where will we go from here?? I still prefer the C & I funds for the short term. I think the dollar will weaken some more over the next couple of days, so if you like playing the I fund it may be a play for a couple of days. Since markets seldom continue an up trend for more than a few days in a row, it may be time to back off a little. The overall condition of the markets have not changed during this week so far. We are still seeing low volumn and what Tom calls smart money is staying on the sidelines. There is still a flight to quality. I think I will stay invested one more day then take some profits made this week off the table.imported post
If someone can tell you when the smart money will come back into the market, I want to know also!!!!!!!! If the market can hold current levels, which is a small loss today, then it is 50/50 what will happen on Monday. Tuesday of next week will give you a better indication ofthe directionthe market will be taking.Currently I have no good idea of the short term direction. The key question as to where the market is going is to look into your crystal ball and see what the economic situation will be this summer and fall. If you can tell me that, then I think I might be able to predict a direction of the market with some degree of success. I have my opinions, but will keep them to my self for now.
Tiger is having a tough time at the masters, the Pope died andvolumn is on the downside. There is no way to read at this point the direction the market will take next week, probably more of the same on Monday. IfTiger rallies and wins the Masters, Monday should be an up day. Good luck to all.imported post
And this will mean that it will likely climb . . .
Donaldson's Flawed Stock Exchange Rule
class=text(Commentary) The SEC should deregulate trading, not make it harder. Having pondered long and hard over how to reform the "trade through" rule that has favoured the New York Stock Exchange, William Donaldson, SEC chairman, looks set to extend the rule to Nasdaq, thus upsetting many institutional investors and Nasdaq itself.
Apr 5, 2005, 00:26
http://www.investing-news.com/artman/publish/article_719.shtml
-rRagin Cajun
Investor
- Reaction score
- 0
imported post
CSI,
Remember, Tiger never has a good first day at the Masters, but still finds a way to get back in the hunt. Of course, that was back when he could keep his driver in the fairway.
I like Demarco, Vijay or Goosen, but pulling for Phil. Els is done this week. Market will be down Monday.
RCimported post
Cajun,
Vijay,Phil,Els or Tiger for the green jacket. Phil or Tiger for green markets on Monday. Todays pullback was to be expected as most of the smart players are sitting on the sidelines thinking about stuff other than finances. This market is not finished as long as earnings do not disappoint next week and oil does not go back up. Todays volumn tells the true story. Over the last to weeks, we had our largest volumn day when the markets tested recent lows. Without the volumn to back it up, todays down means little.Similar threads
