Show-me Account Talk

[Show-me]

Minus 533,000 jobs!

Last month revised up 80,000

 

[CountryBoy]

Minus 533,000 jobs!

Last month revised up 80,000

Yeah and unemployment rose on .2. Me thinks the books are being cooked on this figure. :suspicious:

CB

 

[Show-me]

The conspiracy theorist in me thinks the election is over and they are letting the true numbers come out finally.

 

[Gumby]

Yeah and unemployment rose on .2. Me thinks the books are being cooked on this figure. :suspicious:

CB

It wouldn't surprise me to see this revised upward 100,000+ next month.

 

[Show-me]

Sold half of my UYG @ $6.12 will wait for a dip and buy FAS.

 

[Skip]

Show me,
Here is a little love for you.
mygn
buy if 60.33 with 1400000 volume
set stop at 54.50
1st target 66. 2nd target 76
Skip

Thats your little love !
closed at 62.63...
Move stop up to 61.50 worst case is a 1.00+ profit
I wish we could trade our tsp accounts with stops and in real time....

How about another protest to TSP ?

Skip

 

[Skip]

Sold half of my UYG @ $6.12 will wait for a dip and buy FAS.

(Atr) Avg trading range is over $7.00 great for day trading...
I would buy at 27.75 on a move up "a dip could be 14.00?"

Skip

 

[Show-me]

The Week Ahead

Last Update: 05-Dec-08 10:24 ET

Economic data and business updates from several notable companies will be the main area of focus in the coming week.

The Economic Calendar has several releases with the potential to move the market, including pending home sales, weekly initial jobless claims, PPI and retail sales.

Two Dow components and a major semiconductor company will provide business updates Monday -- McDonald's (MCD) reports November sales, 3M (MMM) gives its fiscal year 2009 outlook and Texas Instruments (TXN) gives a fourth quarter update.
The question remains whether/when there will be an auto industry bailout. Expect General Motors (GM) and Ford (F) to continue to draw increased attention.

Only a handful companies are confirmed to report their quarterly results on the Earnings Calendar, with the biggest names being Kroger (KR) and Costco (COST).

There is not much in terms of scheduled Fed speeches due to the quiet period ahead of the Dec. 15-16 FOMC meeting.
________________________________________________________________

Monday, December 8:

• Earnings: Gander Mountain (GMTN), H&R Block (HRB), National Semi (NSM), Pep Boys (PBY)
• Economic Data: None
• Events: McDonald's (MCD) November sales... 3M (MMM) FY 2009 outlook... Texas Instruments (TXN) Q4 update
• Conferences: Credit Suisse Group Private Equity Fund-of-Funds Conference... Nasdaq OMX Healthcare Industry Forum... UBS Global Media and Communications Conference (Day 1 of 3)
• Fed Speakers: Fed Vice Chairman Kohn speaks about regulation (11:00 AM ET)... Dallas Fed President Fisher speaks about the financial crisis (1:45 PM ET)

Tuesday, December 9:

• Earnings: AutoZone (AZO)... Kroger (KR)
• Economic Data: Pending Home Sales (Oct.)
• Events:None
• Conferences: Barclays Capital Global Technology Conference (Day 1 of 3)... UBS Global Media and Communications Conference (Day 2 of 3)
• Fed Speakers: None

Wednesday, December 10:

• Earnings: Greif (GEF)
• Economic Data: Wholesale Inventories (Oct.)... Treasury Budget (Nov.)
• Events: Weekly Crude Inventories (week ended Dec. 6)
• Conferences: Barclays Capital Global Technology Conference (Day 2 of 3)... Goldman Sachs Financial Services Conference (Day 1 of 2)... RBC Capital Markets Healthcare Conference (Day 1 of 2)... UBS Global Media and Communications Conference (Day 3 of 3)
• Fed Speakers: None

Thursday, December 11:

• Earnings: Costco (COST)
• Economic Data: Export/Import Prices (Nov.)... Trade Balance (Oct.)... Weekly Initial Jobless Claims (week ended Dec. 6)
• Events: None
• Conferences: Barclays Capital Global Technology Conference (Day 3 of 3)... Goldman Sachs Financial Services Conference (Day 2 of 2)... RBC Capital Markets Healthcare Conference (Day 2 of 2)
• Fed Speakers: None

Friday, December 12:

• Earnings:None
• Economic Data: PPI (Nov.)... Retail Sales (Nov.)... Business Inventories (Oct.)... Preliminary University of Michigan Consumer Sentiment (Dec.)
• Events: None
• Conferences: None
• Fed Speakers: None

 

[Show-me]

After watching the Rick Santelli tribute, something struck me about one thing he said. With all of the government intervention there will come a time when the inflation monster will come out due to all of the money being printed. This has to happen sooner or later so were do you make a buck on the inflation.

USO, SLV, GLD, DIG, TAN, KWT, UNG, DXO, DBA, etc.

Just a thought.

 

[Corepuncher]

Also, the TSP rate for a loan is down to 2.75% I assume that would go up during inflation so if you need to do a TSP loan, maybe do it now?

 

[justbizness45]

After watching the Rick Santelli tribute, something struck me about one thing he said. With all of the government intervention there will come a time when the inflation monster will come out due to all of the money being printed. This has to happen sooner or later so were do you make a buck on the inflation.

USO, SLV, GLD, DIG, TAN, KWT, UNG, DXO, DBA, etc.

Just a thought.

After reading CP's thread, I'm not sure I would be buying any "paper" metals right now. JMO

 

[Birchtree]

Dbc,dba,eem,uyg.

 

[Show-me]

I am selling the rest of my UYG in premarket. It has pierced the 20 dma and I do not trust the rally. Also, I am in sell the rally mode and two up days in a row equal sell, sell, sell. As Robo says bear market rules apply. It may go high and I am fine with that as I think it will retrace and I will get it lower.

 

[Corepuncher]

I am selling the rest of my UYG in premarket. It has pierced the 20 dma and I do not trust the rally. Also, I am in sell the rally mode and two up days in a row equal sell, sell, sell. As Robo says bear market rules apply. It may go high and I am fine with that as I think it will retrace and I will get it lower.

Just think how mad you would be if you stayed in and then you see that DOW 6000 print. Patience shall be rewarded.

 

[Show-me]

Long term we ain't there yet the moving averages are all pointing down so what is the point of staying long unless you are trying to trade the bear market rally. They are so quick it is hard to hold down a real job and trade so I have to make due.

 

[Show-me]

A small long term long position would be fine but I'm not going all in long term.

 

[Show-me]

UYG sold 6.70 premarket , up almost 10% in just premarket. Sell the rally. It could go up 20% buy why get greedy at this point. That is what got me into trouble.

I wonder if I can get a bail out from Congress based on my bad business decisions.:laugh:

 

[Show-me]

If I am reading this correct, I see 2.2 million shares of UYG trading in premarket. Wow!

 

[Gumby]

If I am reading this correct, I see 2.2 million shares of UYG trading in premarket. Wow!

I'm selling the rest of my UYG shares also....you have convinced me.

 

[McDuck]

UYG sold 6.70 premarket , up almost 10% in just premarket. Sell the rally. It could go up 20% buy why get greedy at this point. That is what got me into trouble.

I wonder if I can get a bail out from Congress based on my bad business decisions.:laugh:

In you sig, are you saying that you bought it at $15.90 ?