Show-me Account Talk

[Show-me]

Here we go a quick "my 2 cents".

USO-Weak world economies equal lower demand for oil from the great consumers.

http://stockcharts.com/h-sc/ui?s=USO&p=D&yr=0&mn=6&dy=0&id=p41548505321

USD, could be a topping candle.

http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=0&mn=6&dy=0&id=p41548505321

SLV and GLD, could be a double bottom.

http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=6&dy=0&id=p41548505321

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=6&dy=0&id=p41548505321

UYG, look like a triple top and SKF, a triple bottom.

http://stockcharts.com/h-sc/ui?s=UYG&p=D&yr=0&mn=6&dy=0&id=p41548505321

http://stockcharts.com/h-sc/ui?s=SKF&p=D&yr=0&mn=6&dy=0&id=p41548505321

S&P is range bound. Waiting for the other shoe to drop?

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p41548505321

A lot of people neutral to bearish that I follow. Meridith Whitney on the cover of my financial magazine and said that the storm ain't over yet. She realizes she is the flavor of the month and will be so until she makes a mistake. She seems grounded and I like that about her.

 

[Guest2]

Show, I love the last post ! Thanks !

 

[Show-me]

SB,

I'm glad you enjoyed it. Good luck!

 

[luv2read]

Excellent post Show! Thanks!

 

[fabijo]

Re: Rick Santelli Strikes Again - Takedown of Steve Liesman

"I.. I.. I.."

They just don't know what to say. nice vid!

 

[Show-me]

100 c

 

[Braveheart]

100 c

thoughts on S or I

 

[tsptalk]

100 c

Show-me - You are at the top of the list of members whose transactions I watch and respect. Question, aren't you expecting a test of 1200 on S&P here pretty quick? What are you seeing?

Thanks!

 

[Show-me]

Tom,
Very short term pattern of declines, four days in a row, and a dead cat bounce. We are so limited now. I think we will retest 1200 soon. I will be out Friday or Monday for TSP. I still hold SKF, SLV, and SU in private accounts.

 

[Show-me]

And, I am follow the two of the top guys on the tracker. Go with the flow and follow the leaders.

 

[Braveheart]

And, I am follow the two of the top guys on the tracker. Go with the flow and follow the leaders.

Looking at how this is going you picked a good day to go all in. I was looking at the S Fund it's down almost .60 right now to $17.74 or lower. Scary times !!!!!

Best of Luck

 

[Show-me]

thoughts on S or I

Looking at how this is going you picked a good day to go all in. I was looking at the S Fund it's down almost .60 right now to $17.74 or lower. Scary times !!!!!

Best of Luck

I hate the I fund and the dollar is getting stronger. S fund has burned me too many time. I stick with the 500 to make the trading easier.

 

[Corepuncher]

Do I hear and echo in here? Uh...yeah...do not go into the I FUND!

 

[Corepuncher]

I feel sorry for anyone in the I fund today...down -4.24%, and that is WITHOUT any Barclay adjustment! Ouch...Ouch...Ouch!

Congratulations to anyone who bought today...you did better than me since I bought half yesterday and only half today. I don't think there is enough of a fear factor yet to penetrate our July 15th low...so we may be near a short term bottom.

Dollar closed at a high today...rock on! Bring in that foreign money! Drop that oil!

 

[Braveheart]

I hate the I fund and the dollar is getting stronger. S fund has burned me too many time. I stick with the 500 to make the trading easier.

Thanks that is what CP has also gone with. I also hate the I Fund but thinking maybe a one day hit and move to C then but that I Fund cost me thousands in just a single day this year but the S and C saved me.

 

[Show-me]

Oscar missed this one. Can't win them all.

 

[Show-me]

Lets see what tomorrow brings.

 

[Show-me]

Inthemoneystocks.com

Poolman posts this video every day but I think this deserves a double post. Very good info on UNG, USO, SPY, GLD, and USD. Very good video and a must watch IMO. Pay very close attention to his reasoning on what tomorrows jobs data may bring.

 

[Show-me]

Reuters
August jobless rate at 4-1/2 year high
Friday September 5, 8:35 am ET

WASHINGTON (Reuters) - The U.S. unemployment rate unexpectedly shot up to 6.1 percent in August, its highest in more than 4-1/2 years, as employers cut payrolls for an eighth straight month and labor markets showed signs of accelerating decline.

The Labor Department said 84,000 jobs were lost in August, significantly higher than the 75,000 that economists surveyed by Reuters had forecast. In addition, July's job losses were revised up to 60,000 and June's to 100,000 from a previously reported 51,000 in each month.

Department officials said the August unemployment rate was the highest since December 2003. Analysts had expected the rate to remain steady at July's 5.7 percent rate rather than to jump.

There were steep cuts in hiring in nearly every major category of employment. Some 61,000 manufacturing jobs were lost in August, the most for any month since mid 2003, and 8,000 more construction jobs were cut. There were 53,000 jobs eliminated in professional and business services and 4,000 in leisure and hospitality industries.

The average hours of work remained unchanged from July at 33.7 but employers cut overtime to an average 3.7 hours per week in August from 3.8.

(Reporting by Glenn Somerville, editing by Andrea Ricci)

Do you think someone was cooking the books in June?

 

[CountryBoy]

Yeah and we walked right into it with 100% C and I was doing so good just biding my time in G. Now the decision is to sit a day or 2 and take a big beating or get out today and lick my wounds. Dang impatience and lying stats sure suckered me in.

CB