Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
Might it be a case of buy the rumor, sell the news? Or in the case of the dollar, sell the rumor, buy the bad news? Maybe it will rally?If Friday's trade report comes in like expected, that is an increase in the trade deficit, I expect the dollar will take another hit. I see no reason for the trade deficit to be good news.
Of course, you could be right Tom. It may be a time to buy the rumor. The problem as I see it is that the jobs we seem to be manufacturing are service sector jobs. What are we exporting? China's still putting cheap goods on the street here. Plus, what if the report comes in lukewarm? Even so, it's tempting to put a little something in, especially if we're downtoday. It just seems like such a gamble though.coolhand wrote:Might it be a case of buy the rumor, sell the news? Or in the case of the dollar, sell the rumor, buy the bad news? Maybe it will rally?If Friday's trade report comes in like expected, that is an increase in the trade deficit, I expect the dollar will take another hit. I see no reason for the trade deficit to be good news.
Just a contrarian point. I have no real opinion on it.
I would be a little uneasy to be 100% invested in I. The I-Fund has been in a sustained uptrend for a while but it is showing signs of slowing down and possible reversal. It is slowly moving away from the upper trend line and approaching the base trendline. Watch the base trend line carefully. If It breaks it, trouble is ahead. I am expecting a sell signal any day now. (for sell signals see http://www.tspgo.com)Stick with the plan - 100% I and enjoying the ride.
I know you've been watching, but why haven't you been posting? I do better when I hear what you have to say. Your insight into the overseas markets helps. :^Stick with the plan - 100% I and enjoying the ride.
and today you state thisI am fully invested in I (40%), however I am not expecting great things right now. It is too close to the upper trend line. It does not seems to have enough energy in storage to keep making new highs.
This is nearly 2 weeks of gains for the I fund and has set a new high three times since the 25th. I have been noticing a trend of about 3-4 days of increase followed by a drop then back to the 3-4 days of increase.The I fund has droped to the lower trend line 3 times in the last30 days and has rebounded every time.I would be a little uneasy to be 100% invested in I. The I-Fund has been in a sustained uptrend for a while but it is showing signs of slowing down and possible reversal. It is slowly moving away from the upper trend line and approaching the base trendline. Watch the base trend line carefully. If It breaks it, trouble is ahead.
On Feb 25th you stated this:
tspgo_com wrote:
I am fully invested in I (40%), however I am not expecting great things right now. It is too close to the upper trend line. It does not seems to have enough energy in storage to keep making new highs.
and today you state this
tspgo_com wrote:
I would be a little uneasy to be 100% invested in I. The I-Fund has been in a sustained uptrend for a while but it is showing signs of slowing down and possible reversal. It is slowly moving away from the upper trend line and approaching the base trendline. Watch the base trend line carefully. If It breaks it, trouble is ahead.
This is nearly 2 weeks of gains for the I fund and has set a new high three times since the 25th. I have been noticing a trend of about 3-4 days of increase followed by a drop then back to the 3-4 days of increase.The I fund has droped to the lower trend line 3 times in the last30 days and has rebounded every time.
I will stay 100% I unless it drops below the 10 DMA
Markets change quickly and what TSPGO said earlier can reverse the next day. I believe he is right in stating that were nearing a top. I have went 100% I today playing the 10 day DMA but soon this won't work either. Going to try to make up some of this weeks losses.
Well, looks like you called that one on the money Coolhand, good job!:^We'll see tomorrow.Woof!
nnuut,I do not see the dollar gaining any strength tomorrow. If Friday's trade report comes in like expected, that is an increase in the trade deficit, I expect the dollar will take another hit. I see no reason for the trade deficit to be good news. We are not an export country. But, foreign equities won't like that news either. They are dependent on our economy to keep the global market going.
Watch the foreign market tonight. I bet it drops like our domestics did today. I also expect our domestics to drop again tomorrow. Don't forget about oil. It's taking its toll on equities right now. Even a good inventory report didn't help (lower dollar is the reason).
If Friday's report comes in showing a widening trade balance...another sell-off could ensue. Question is, how far are we going to drop? FOMC looms on the horizon.
I will say this, the "I" fund is probably a better short term play than either "C" or "S" right now.
Just my thoughts. I'm not an economist (not that they're any help).
Good Luck!