Playing the I fund

[JOVARN]

Dollar rises on Iran fears, Euro stocks drops for same. US Dollar drops on hosing data. Nikkei rises on pure economics of a thriving economy.
How to play this in the next few days? I got yesterday, ran for cover to G to avoid incoming rounds. Still shell shocked form May, recovered most of my May losses but hate to give it back.

 

[Gilligan]

Ball Park figures: The Local currency is about +0.325%, the Dollar has risen about 0.5% since this time yesterday which should put the USD about -0.175%, thus the I fund might lose 3 cents to $20.06, the dollar is still moving.

 

[The_Technician]

Got -.18% on the MSCI....I've got a figure that should be around 20.05 so it is close to your 20.06 Gilligan...

 

[sugarandspice]

Down .18 today. equal about 2-3 cents lower?

I'm thinking they will take more than they should today.

 

[Wheels]

I'm thinking they will take more than they should today.

Probably. Because you got in for tomorrow. And then you will get some more free pennies that you don't deserve.

Dave
<><

 

[sugarandspice]

That was the plan anyway.

 

[sugarandspice]

G-----
F-----
C+.02
S+.03
I-.04

 

[Fivetears]

The NIKKEI is at -49.12 (-0.30%) as post time stamped.
The AORD is at -1.70 (-0.03%) as post time stamped.

 

[Fivetears]

The I-Fund is at 3.30% this month; to date.

 

[airlift]

I would have thought that the dollar would decline with the existing home sales numbers coming in lower than expected and the gasoline inventories coming in higher than expected. With lower housing numbers, it would seem that the expectation of another FED hike is lower...? Perhaps there is a lag time involved here, or the fear of recesion may have accentuated. Does anyone have any ideas?

 

[Gilligan]

The I fund looks like it will lose some today even with a lower dollar. I'm thinking buying today.

 

[airlift]

The I fund looks like it will lose some today even with a lower dollar. I'm thinking buying today.

I am also thinking of increasing my position in I. We'll see!

 

[FundSurfer]

You may want to wait a day on the I-fund. If today's losses continue, the overseas markets could follow tommorrow. That would mean that I-fund could get whacked tommorrow. I've jumped into I-fund too early before.

 

[ebbnflow]

Sponsor, maybe this might help.

Market Update

11:00 am : Indices continue to hit fresh session lows as further consolidation in oil prices is offset by rising bond yields. Crude oil prices are now off 1.6% and back below $72 a barrel following an unexpected build in weekly gasoline supplies. While oil's pullback is welcome news for consumers, the subsequent loss of leadership from the Energy sector (-0.7%) removes notable support behind the S&P 500's 4% year-to-date advance. Adding insult to injury and contributing to the reversal in overall sentiment, as decliners now outpace advancers, has been weakness in Treasuries, which has lifted borrowing costs across the yield curve. Aside from the weak housing data, bonds are taking on added weight after the Chicago Fed's national activity index for July fell 0.12. While not typically a high-level report, it did note that a 3-month moving average above zero (now at 0.07) "indicates the potential for inflationary pressures over the coming year."DJ30 -26.67 NASDAQ -9.79 SP500 -4.13 NASDAQ Dec/Adv/Vol 1498/1151/496 mln NYSE Dec/Adv/Vol 1743/1218/372 mln

http://finance.yahoo.com/mo

 

[MADDOG]

I Concur W/ Fs; I Lost My Tail Jumping In Toooooooooooooooo Early; Anyway I'm Heading On The Penny Tomorrow; Not Today;

Md

 

[airlift]

FundSurfer,Thanks for your advise. You have lots more experience than I have, calculating the behavior of the I-fund. The lag effect of the dollar and potential lower U.S. indexes would cause the I-fund to decline further and that could be a better entry point. Thanks again!

You may want to wait a day on the I-fund. If today's losses continue, the overseas markets could follow tommorrow. That would mean that I-fund could get whacked tommorrow. I've jumped into I-fund too early before.

 

[airlift]

Ebbnflow, This is a very good article. To the point. Thanks to you too!

Sponsor, maybe this might help.

Market Update

11:00 am : Indices continue to hit fresh session lows as further consolidation in oil prices is offset by rising bond yields. Crude oil prices are now off 1.6% and back below $72 a barrel following an unexpected build in weekly gasoline supplies. While oil's pullback is welcome news for consumers, the subsequent loss of leadership from the Energy sector (-0.7%) removes notable support behind the S&P 500's 4% year-to-date advance. Adding insult to injury and contributing to the reversal in overall sentiment, as decliners now outpace advancers, has been weakness in Treasuries, which has lifted borrowing costs across the yield curve. Aside from the weak housing data, bonds are taking on added weight after the Chicago Fed's national activity index for July fell 0.12. While not typically a high-level report, it did note that a 3-month moving average above zero (now at 0.07) "indicates the potential for inflationary pressures over the coming year."DJ30 -26.67 NASDAQ -9.79 SP500 -4.13 NASDAQ Dec/Adv/Vol 1498/1151/496 mln NYSE Dec/Adv/Vol 1743/1218/372 mln

http://finance.yahoo.com/mo

 

[Gilligan]

Ball park estimate: Local currency is -0.542% and the dollar was lower early but is now back up about even. USD looks like -0.5% for a loss of 10 cents to $19.95

 

[SkyPilot]

That would make a couple down days in a row for the I, which anticipates a slight rebound for tomorrow? Maybe pick up a few pennies, even more likely if the US markets rebound somewhat during the last couple hours today.

 

[Gilligan]

That would make a couple down days in a row for the I, which anticipates a slight rebound for tomorrow? Maybe pick up a few pennies, even more likely if the US markets rebound somewhat during the last couple hours today.

Pray that we get at least 2 pennies because I'll miss the G fund penny tomorrow.