Show-me Account Talk

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Sold some SLV.

TSP: 100% G Roth: Bought SLV @ $14.02 Traditional: Bought SLV @ $12.87 late entry.
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Sold my Trad. IRA position @ $13.20 for a 2.27% gain. I wanted to have some cash available for next week. I feel something in the air tonight. Still holding my large position of SLV.

 
Are you getting it yet? You can do this too! I'm a shmuck from Missouri with a high school education that is taking control of his financial future, you can too.

I have made some risky trades but you can limit yourself to five of six ETF's and make a very nice return. I like SSO, SDS, UYG, SKF, and SLV.

I'm getting spanked in my Roth on SLV, OK not spanked but down 5%, but my YTD is still over 50%.
 
Yer no shmuck - just living up to your home state - the Show Me state. Thanks for showing me (and others) you can make money in this market!
 
Show-me said:
Are you getting it yet? You can do this too! I'm a shmuck from Missouri with a high school education that is taking control of his financial future, you can too.
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Quit teasing me!!! :cheesy:

I'm not too far behind the band wagon. All the money I stopped contributing to TSP is being tucked away. It's not much, but it's getting bigger every payday. I can't wait...
 
Sixteen trades counting my current position. I traded CC, SDS, QID, UYG, SU, ACI, and SLV. Trading UYG, SDS, ACI, and SU is where I made the big money.

After reading my own writing I should dump SLV and go back to what made me money. K.I.S.S. Energy, banking sector and S&P long short 2X ETF's.
 
Show-me said:
TSP: 50% G 50% C

Long shot going into a Labor Day weekend. May change my mind by Monday.
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Birchtree is trying to talk me out of going into the market with posts like this.

11050_a.png

A bear is defined as a prolonged period of stock prices declining on balance. This means lower highs and lower lows, interim extremes on both sides gradually trending lower. We've certainly seen this phenomenon unfolding in the SPX. This index's 200-day moving average also rolled over in January. A 200dma deftly distills out all the day-to-day noise to point in the primary trend's direction like an arrow, and the SPX's is heading lower.

Wall Street, which is loath to ever declare a bear since it is so bad for business, waits for the last possible moment to make the proclamation. Thus its definition of a bear is a 20%+ decline from the latest interim high. This metric was officially hit on a closing basis on July 9th, so even Wall Street has no excuse to dance around disclosing this bear market. And since this 20% decline level is around 1250 on the SPX, it has already spent the better part of two weeks in official bear territory.

Over the past year this bear has unfolded in textbook fashion too. It emerged out of an all-time secular high in early October. Until the SPX's 200dma decisively failed, in early January, it was unclear whether the early selling was a bull-market correction or bear-market downleg. But the farther the SPX fell under its 200dma, which is major support in an ongoing bull, the more powerful the bearish case looked. I wrote about the increasing odds for a new cyclical bear in January when Wall Street scoffed at such a heretical notion.
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The bottom line is the price action in the US stock markets continues to look very bearish despite the endless stream of Wall Street assurances to the contrary. Not only are we seeing lower lows and lower highs, the technical definition of a bear, but popular fear remains quite low. Bear downlegs in history didn't end until general fear reached high levels as measured by the VXO. We aren't even close yet.

So stock traders ought to be very wary heading into the busy autumn trading season this year. The prevailing market trend remains down, and all kinds of nasty surprises have yet to emerge out of the financial stocks. They made countless bad bets, with extreme leverage, that we don't even know about yet. So there should be plenty of upcoming bad news in the financials to continue leading the SPX lower.
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http://safehaven.com/article-11050.htm
 
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Another bank bites the dust and close to home.

Regulators close Kansas bank
By MarketWatch
Last update: 11:29 a.m. EDT Aug. 23, 2008

SAN FRANCISCO (MarketWatch) -- State and Federal regulators shut down Columbian Bank and Trust of Topeka, Kan. -- the ninth bank to fail so far this year and the fifth since mid-July.

The Federal Deposit Insurance Corp. estimates the failure will cost its deposit insurance fund $60 million. Columbian Bank and Trust had $752 million of assets and $622 million of deposits as of June 30, the FDIC said.

The insured deposits of the failed bank, which had nine branches, were sold to Citizens Bank and Trust of Chillicothe, Mo. Also, Citizens Bank and Trust agreed to buy $85.5 million of Columbian Bank and Trust's assets.

The FDIC said Citizens Bank and Trust did not purchase about $268 million of brokered deposits at the failed bank. The failed bank had approximately $46 million in uninsured deposits held in approximately 610 accounts that potentially exceed the insurance limits. This amount is an estimate that is likely to change once the FDIC obtains additional information from these customers, regulators said.

The nine branches of The Columbian Bank and Trust Company will reopen on Monday as branches of Citizens Bank and Trust, the FDIC said. Depositors of the failed bank will automatically become depositors of Citizens Bank and Trust. Deposits will continue to be insured by the FDIC.
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http://www.marketwatch.com/news/story/regulators-close-kansas-bank---/story.aspx?guid=%7BE0C9197F-47EA-40C2-9D9C-147AC56F62CE%7D
 
Briefing.com The Week Ahead.

The Week Ahead

Last Update: 21-Aug-08 11:50 ET

With only a handful of earnings reports in the coming week, market participants will focus on economic data.

Housing is in focus early in the week, as the Economic Calendar kicks off Monday with existing home sales. Tuesday brings the new home sales report. Investors will also scrutinize the minutes from the August FOMC meeting, slated for release Tuesday, for clues on what the Fed's next move will be. Thursday brings the preliminary second quarter GDP report. Expect an upward revision.

There are only eight S&P 500 companies set to report quarterly results. Some of the bigger names include Dell (DELL), Sears Holdings (SHLD) and Tiffany & Co. (TIF).

Take a look at the full list of companies confirmed to report earnings on Briefing.com's Earnings Calendar.
________________________________________________________________

Monday, August 25:
  • Earnings: A-Power Energy (APWR)
  • Economic Data: Existing Home Sales (July)
  • Events: None
  • Conferences: None
  • Fed Speakers: None
Tuesday, August 26:
  • Earnings: Big Lots (BIG), Brown-Forman (BF.B), Chico's FAS (CHS), Smithfield Foods (SFD), Borders Group (BGP), J. Crew Group (JCG)
  • Economic Data: Consumer Confidence (August)... New Home Sales (July)
  • Events: FOMC Minutes (August meeting)
  • Conferences: Morgan Stanley Semiconductor Conference
  • Fed Speakers: Dallas Fed President Fisher to speak on U.S. economy (10:00 AM ET)
Wednesday, August 27:
  • Earnings: American Eagle (AEO), Dollar Tree (DLTR), Men's Wearhouse (MW), TiVo (TIVO)
  • Economic Data: Durable Orders (July)
  • Events: Weekly Crude Inventories (week ended Aug. 23)
  • Conferences: None
  • Fed Speakers: Atlanta Fed President Lockhart to speak about inflation in the U.S. economy (8:35 AM ET)
Thursday, August 28:
  • Earnings: Del Monte (DLM), Sears Holdings (SHLD), Tiffany & Co (TIF), Williams-Sonoma (WSM), Dell (DELL), Marvell (MRVL), Novell (NOVL), PetSmart (PETM)
  • Economic Data: Preliminary GDP (Q2)... Weekly Jobless Claims (week ended Aug. 23)
  • Events: None
  • Conferences: None
  • Fed Speakers: None
Friday, August 29:
  • Earnings: Knightsbridge Tankers (VLCCF)
  • Economic Data: Personal Income and Spending (July)... Chicago PMI (Aug)... Revised University of Michigan Consumer Sentiment (August)
  • Events: None
  • Conferences: None
  • Fed Speakers: None
--Ryan McShane, Briefing.com
http://www.briefing.com/GeneralCont...vestor&ArticleId=NS20080821115135LookingAhead
 
Show,
Oscar has given us an excellent currency direction-potential analysis. I dare to say that if the U.S. puts its house in order, the U.S. currency will be the sole safe-haven currency once again. Even if we have to share this position with the Euro, the world will probably continue to prefer investing safely in America. Thanks for posting this!
 
Oscar's video has me thinking about dumping my SLV position and waiting for direction to the market. I am not sure about the market direction as of now the volatility is really making it hard to read.

USD has rallied very quickly. I can only speculate the possible reasons and is not because everything is peaches and cream. Speculation that the ECB, BOE,and BOJ will have to raise rate because of their slowing economies is the best one. And, with inflation showing up more in Dr. Strangmath's CPI and PPI indicators, the Fed will have to act soon with a rate rise or risk dooming the economy to a more prolonged situation.

The above is reason for worry while holding SLV, but personal ownership of physical metal is becoming a greater factor in gold and silver as demand is extremely high and supply is very, very, limited.

AGG is up against 200 sma.

S&P is at a critical point chart wise. Three positive days in a row (bearish). Struggling withe the 20 sma and just rising back above the 50 sma (would need to stay above it to be bullish). The 50 sma is still descending.

DOW Trans. had a strong one day rally to pull it back above the 50 sma but still remain under the 20 sma (still bearish IMO). The 50 sma trending down, while the 200 sma trending up and a lower high.

Basically no earning new to pump up the markets. The Fred/Fannie debacle should be priced into the financial sector. It is almost zero now in my book. Another bank failed and not much press on it because Obama pick a VP that thinks he is not qualified to be President. At least when they were debating each other that is.:toung:

Is this the election year that we do not finish positive?
 
Regulators close Kansas bank

By MarketWatch
Last update: 11:29 a.m. EDT Aug. 23, 2008

SAN FRANCISCO (MarketWatch) -- State and Federal regulators shut down Columbian Bank and Trust of Topeka, Kan. -- the ninth bank to fail so far this year and the fifth since mid-July.

The Federal Deposit Insurance Corp. estimates the failure will cost its deposit insurance fund $60 million. Columbian Bank and Trust had $752 million of assets and $622 million of deposits as of June 30, the FDIC said.

The insured deposits of the failed bank, which had nine branches, were sold to Citizens Bank and Trust of Chillicothe, Mo. Also, Citizens Bank and Trust agreed to buy $85.5 million of Columbian Bank and Trust's assets.

The FDIC said Citizens Bank and Trust did not purchase about $268 million of brokered deposits at the failed bank. The failed bank had approximately $46 million in uninsured deposits held in approximately 610 accounts that potentially exceed the insurance limits. This amount is an estimate that is likely to change once the FDIC obtains additional information from these customers, regulators said.

The nine branches of The Columbian Bank and Trust Company will reopen on Monday as branches of Citizens Bank and Trust, the FDIC said. Depositors of the failed bank will automatically become depositors of Citizens Bank and Trust. Deposits will continue to be insured by the FDIC.

http://www.marketwatch.com/news/story/regulators-close-kansas-bank---/story.aspx?guid=%7BE0C9197F-47EA-40C2-9D9C-147AC56F62CE%7D
 
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