Show-me Account Talk

[ATCJeff]

And that's what worries me. :worried:

and me also

 

[weatherweenie]

and me also

EZ climbing after CPI core lower than expected.

 

[ATCJeff]

Wow, Europe and Futures are skyrocketing. Were gonna gain alot today.

 

[Show-me]

So do we sell into the good news? Maybe a little bit.

 

[ATCJeff]

So do we sell into the good news? Maybe a little bit.

I'm considering selling just because the odds now are Monday will be a down day. Get back in Tuesday or Wednesday.

 

[ATCJeff]

Thinking of playing the steal.

 

[Show-me]

Looks like UK and EZ are anticipating the report as being bad or they are very uncertain.

 

[Show-me]

CNBC is not liking the building permits number and one cheerleader thinks that the Fed may raise rates. I think not.

 

[Show-me]

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p51972347693

http://stockcharts.com/h-sc/ui?s=$EMW&p=D&yr=0&mn=6&dy=0&id=p51972347693

Well here is my 2 cents. I have no idea why I am long except for the sentiment survey, the EbbTracker, and the fact the C and S funds are resting on the 50 dma.

The C fund made a lower low and there is a negative divergence on the candle stick chart, MACD, Slow STO, and RSI. O'boy that sound like the familiar broken record.

Also the mighty Hindenburg Omen has reared its ugly head. Yea!

Trader Fred is out for now.

The only thing we have is hope................. Hope that the Fed changes their wording to a more dovish stance. The sub-prime mess continues and we have not see a substantial correction in some time.

I'm getting very tired of the I funds FV and I think I will move my I fund position to the S fund. I fund is very difficult to stay on top of with the equities, currency, and FV.

Good luck and good trading everyone.

 

[Show-me]

Good riddance I fund. <KISS>

 

[Show-me]

Well I am just not sure I'm feel'n the luv. The pop yesterday, while a nice relief, does not remove my anxiety completely. Consumer confidence down, durable goods plunge, factory orders plunge, oil up, housing down, hedge fund problems, and the market rallies. ............................ :blink:

As I look at the charts, I get the impression that we are not out of the woods yet, but were due a relief rally.

We know that the Fed will hold interest rates, but we do not know what the statement will lean toward. Core inflation, the Feds indicator, remains close to their comfort zone. Interestingly the PCE inflation data comes out Friday the day after the Fed statement.

Trader Fred is on a buy. The Sentiment Survey is on a buy. I'm setting 50/50 C/S.

 

[GSADeac]

Nicely called, my friend. Nicely called.

 

[Show-me]

Nicely called, my friend. Nicely called.

Thanks, I'm not out of the woods yet. I keep trying. Good luck and get rich.

 

[nnuut]

Welcome to the MB GSADeac.
Norman

 

[Show-me]

GSADeac,
I should have officially welcomed you to the MB even though we have chatted before.:embarrest: GSADeac has been quietly watch us for a while. Welcome and good luck investing! I hope to see you post more.

 

[Show-me]

I am certainly not happy with yesterday and todays finish. I hope all it is, is jitters from the UK car bombs.

 

[vectorman]

I am certainly not happy with yesterday and todays finish. I hope all it is, is jitters from the UK car bombs.

Better jitters than panic. Heard on the news this morning that a cell phone was being used as a trigger. Two calls were made to the number, but the bomb malfunctioned. Had it gone off, no telling how the markets would have reacted.

 

[Show-me]

Better jitters than panic. Heard on the news this morning that a cell phone was being used as a trigger. Two calls were made to the number, but the bomb malfunctioned. Had it gone off, no telling how the markets would have reacted.

I have not been listening to any news the last few days. That is a real concern that they got that far and failed. Next time they may not. This might sink in over the weekend and cause a bit of selling.

 

[Show-me]

C fund: http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p51972347693

S fund: http://stockcharts.com/h-sc/ui?s=$EMW&p=D&yr=0&mn=6&dy=0&id=p51972347693

FTSE: http://stockcharts.com/h-sc/ui?s=$FTSE&p=D&yr=0&mn=6&dy=0&id=p51972347693

 

[Show-me]

Went I fund, but I will look at the cut off to see how Factory Orders will come in.