mlk_man's account talk

[nnuut]

This guy must be related to someone on this board, I'll let you guess who...............

Which they would both shut their pie holes..............

11:30 am : Market pulls back slightly as recent commentary from Fed Chairman Bernanke before the Senate Banking Committee renews some uncertainty about the Fed's direction on monetary policy. While another day absent of questionable economic data has allowed investors to refocus on fundamentals and reasonable valuations, Bernanke reminding investors that the May 10 policy statement noted upside inflation risks has stalled early recovery efforts. Bernanke also said he won't make judgments based on stock movements and that his comment to CNBC's Maria Bartiromo was a "lapse in judgment," as he will now confine comments to "regular and formal" arenas.DJ30 +42.11 NASDAQ +18.46 SP500 +7.55 NASDAQ Dec/Adv/Vol 952/1880/784 mln NYSE Dec/Adv/Vol 828/2187/668 mln

Who wrote this one MM? You should give him some credit, don't you think?

 

[mlk_man]

Who wrote this one MM? You should give him some credit, don't you think?

Sorry. It's just from the "market overview" section of yahoofinance so didn't figure I needed to give anyone credit. They don't show who rights these things anyway. Could be Bernanke for all I know...........:nuts:

Oh, briefing.com provides the commentary............

 

[mlk_man]

BTW, let's hope Bernanke doesn't show a pattern of "lapses in judgement". The trend isn't always your friend........................:blink:

 

[nnuut]

Sorry. It's just from the "market overview" section of yahoofinance so didn't figure I needed to give anyone credit. They don't show who rights these things anyway. Could be Bernanke for all I know...........:nuts:

Oh, briefing.com provides the commentary............

I know, so I add a link so TSPTOM won't get on my butt.

 

[FundSurfer]

Late day sell off put a kink in the buy signal? It does for me. I figured I might be buying tommorrow, but probably not now - Japan would have to really take off and I expect the opposite -- who knows Japan is already really oversold.

Why F? It looks like it is fixing to give back the gains it just got.

 

[mlk_man]

Late day sell off put a kink in the buy signal? It does for me. I figured I might be buying tommorrow, but probably not now - Japan would have to really take off and I expect the opposite -- who knows Japan is already really oversold.

Why F? It looks like it is fixing to give back the gains it just got.

You got it, no buy signal. Doesn't the TSP know I can't make money with it when the market is down? Grrrrrrrrrr This is why I recommend everyone have a ROTH or traditional IRA as well.

I only went in the F fund yesterday because it was down. Won't stay long. Lately it has a tendency to be up one down the next. I use to track it but it was difficult because it doesn't move much. Right now I'd say it is in an uptrend, but your right, it might be ready to change course.

Japan is up but just about everyone else is down. The dollar is down too. Probably give back what I made yesterday.

Good luck,

M_M

 

[FundSurfer]

This is why I recommend everyone have a ROTH or traditional IRA as well.

How often do you trade your Roth? Are you paying a set amount per trade? If you have a significant balance it wouldn't matter because the percentage would be so low, but I was just curious.

 

[mlk_man]

How often do you trade your Roth? Are you paying a set amount per trade? If you have a significant balance it wouldn't matter because the percentage would be so low, but I was just curious.

I'm averaging about one trade a week because of the 3-day settlement period. I have two allotment of monies. One is for mutual funds ($17 per trade), and one is for stocks ($7 per trade + 1\2 % of principle for stocks under $1).

If I use settled funds, I can sell the stock the next day if I want to. Haven't started a margin account yet. Need more time for that. Very risky!! :nuts:

 

[mlk_man]

No signal yet. I'll be moving my 50% F to 50% G today and leaving the other 50% in the I fund just because it's there already. WHo knows, Europe might bounce tomorrow. Then again, aliens could swoop in and steal all the oil too............

 

[mlk_man]

Why F? It looks like it is fixing to give back the gains it just got.

I might have actually called something right this week! Well, besides the duck thingy..........

Hey FundSurfer, you're almost famous!!

 

[FundSurfer]

Well, besides the duck thingy....

:laugh: :laugh: :laugh:

 

[mlk_man]

Me thinks I should have put the whole 100% into the G fund this morning.......

 

[FundSurfer]

Talk about chop... Market is moving like a friggin' ping pong ball.

 

[tsptalk]

Whose serve is it?

 

[Spaf]

I think it the buyers serve!

 

[mlk_man]

Had a little back spin there at the end..........

Today is the first of two pretty important days. Let's hope we can get it over the net this time..........

Sugar and spice?

 

[Pilgrim]

Today is the first of two pretty important days. Let's hope we can get it over the net this time..........

M-M,

What do you really think would be better?

Numbers today and tomorrow hit the sweet spot, big gains for a few days. Do you think we're back in the game with a sustainable uptrend?

or

Numbers today and tomorrow come in high, bloodbath follows.

In other words, are you buying into the "we need one more big push down" theory?

Pilgrim

 

[mlk_man]

M-M,

What do you really think would be better?

Numbers today and tomorrow hit the sweet spot, big gains for a few days. Do you think we're back in the game with a sustainable uptrend?

or

Numbers today and tomorrow come in high, bloodbath follows.

In other words, are you buying into the "we need one more big push down" theory?

Pilgrim

Good questions. Which I had good answers. I always get into trouble when I try to predict the market, as you can tell by my returns lately. My system is more reactionary.

If anything, I'd say we should be headed back up mid-term. Short-term, who knows. Let me punch in the numbers and see if I can find anything forming.

Be right back.............

 

[mlk_man]

Looks like if today is able to stay up, and looks good now, or at least somewhat flat, I'll get a buy signal after market close for tomorrow. If we do get that one last push down, I think it'll come tomorrow. Or at least hope anyway.

The S fund is right about at it's low of Feb 13th. (After the rise at the beginning of the year ended) This is good. Small cap futures are up over 1% this morning. This is good. If all remains the same and we get a knee jerk reaction to some inflationary numbers tomorrow, all would be great!! I'll be buying with all I got.
But I reserve the right to remain nimble.............

BTW, I think the market has already factored in another .25% rate hike, possible two. I think it would take something major to send us too much lower.

JMHO folks...................

M_M

 

[mlk_man]

No signal yet. I'll be moving my 50% F to 50% G today and leaving the other 50% in the I fund just because it's there already. WHo knows, Europe might bounce tomorrow. Then again, aliens could swoop in and steal all the oil too............

Well, no aliens........................

I'm moving to 100% G. This puts me back on track with my system. Now if I can just stick to it.................

Happy returns. Cya when I get back from Vay K...............

M_M