Show-me Account Talk

[Show-me]

show/blue

LOL LOL !!!!!!! i know about good mileage and cheap cars !!! i had an 87 honda accord with over 225,000 miles before i sold it and got a 03 honda accord v6 oops !!! that sucker only gets 24.5 miles/gal., but is nice when u want to move in traffic. if it wern't for the highway driving i might get a whino bike, but that would be dangerous on the hwy. a motorcycle is in the back of my mind !!! i already have 1 extra vehicle at the house a1985 isuzu pup truck with 185,000 miles on it. i have had it for about 10 years and put about 10,000 miles on it since i have had it. thanks for the encouragement show/blue u made my day, now lets make money !!!

U r my hero!

 

[Show-me]

 

[Show-me]

Roth: Bought @ $64 & $65 STOP SELL ORDER @ $61.25 Good until Canceled.

Who knows how this market will react to all of the earning and economic data. InTheMoney and Oscar are looking for a bounce so lets PLAY!!!

I can't win in the damn F fund I may shoot for my letter this month.

 

[Show-me]

AP
Oil hits new record as investors flee the falling dollar

Wednesday April 16, 6:32 am ET Weaker dollar sends oil prices to record high above $114 a barrel and inflation rises

Oil prices are surging to record highs as the weakening U.S. dollar drives investors to dump money into commodities.

Light, sweet crude for May delivery rose 67 cents Wednesday to $114.46 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe. On Tuesday, the contract had risen to $114.08.
In London, Brent crude contracts are up 69 cents to $112.27 a barrel on the ICE Futures exchange.

The oil increases are being influenced by severe weakness in the dollar. The dollar hit a new record low of $1.5966 versus the euro in early Wednesday trading.

The dollar is plumbing new depths as wholesale inflation came in triple what was expected and ahead of new consumer data to be released Wednesday.

 

[Show-me]

Roth: Bought @ $64 & $65 STOP SELL ORDER @ $61.25 Good until Canceled.

Who knows how this market will react to all of the earning and economic data. InTheMoney and Oscar are looking for a bounce so lets PLAY!!!

I can't win in the damn F fund I may shoot for my letter this month.

SOLD!

 

[hessian]

Hey Show-me,
Don't ya just love opex weeks?
These were the news headlines at 11 AM yesterday:
- Delta, Northwest Shares Fall on Merger Deal
- Wholesale Prices Soar in March
- Oil Sets New High Above $113 a Barrel
- US Foreclosure Filings Jump 57 Percent in March (8,000 people per day have been going into foreclosure this week.)
So, what happened in the markets yesterday? The Indexes rose by these amounts:
- S&P 500 +0.46%
- DOW +0.98%
- NASDAQ +1.24%
- RUSSELL 2000 +1.48%

These are the news headlines at 10 AM this morning:
-March consumer prices up despite big drop in clothing costs.
- Consumer prices pushed higher last month as increases in energy, food and airline tickets overwhelmed the biggest drop in clothing prices in nearly a decade.
- JPMorgan Chase's profit drops 50 pct in 1Q on reserves boost.
- Housing construction falls sharply in March.
- Oil hits new record as investors flee the falling dollar.
So, what happened in the markets as of 9:55 AM this morning? The Indexes rose by these amounts:
- S&P 500 +0.99%
- DOW +0.49%
- NASDAQ +0.45%
- RUSSELL 2000 +0.87%
Was there any positive news this morning?
From AP news service: Wall Street rallied in early trading Wednesday, led by robust first-quarter results from JPMorgan Chase & Co. and two other Dow Jones industrial components. (Remember the other 10 AM headline ... "JPMorgan Chase's profit drops 50 pct in 1Q on reserves boost"? ... now, at 10:05 AM its a robust first quarter?) (Also in the news this morning: "The battered financial sector advanced after JPMorgan reported profit fell 50 percent because of tight credit markets, but still beat analysts' expectations.")

So we're supposed to expect more of the same tomorrow I guess??
VR
http://stocktiming.com/Wednesday-DailyMarketUpdate.htm

...or "Plunger Thursday??"
http://market-ticker.denninger.net/2...-thursday.html :nuts:

 

[Show-me]

today bad news was good news...because it wasn't as bad as expected and it was better than last quarter. I think.:blink:

Exactly!

 

[Show-me]

hessian,

All I can say is don't fight the tape. Seems we are rallying because things are bad, but not so bad we are collapsing ................... yet. We are making earnings but at a reduced rate.

I keep thinking consumer driven economy, but earnings are not red. CPI is coming in tame, but what do we make here that is in that basket of goods.

First week of Jan. down, month of Jan. down. Election year should be up. Next admin. will get a steaming pile of s@#t to deal with and the baby boomers.

Just waiting for Mexico to turn off the oil tap so that we can kick up the Ethanol.

I need a vacation but can't afford to go any where because of gas. :blink::nuts: And if I could go I can't afford to eat any where because of food, but lets strip out food and energy so that we feel better about the core CPI. I guess the Fed and Wall Street only pay for the Core Inflation. Part of the benefit package. LOL

I have it really good compared to alot of folks. How are they getting by?

 

[nsurf9]

I too am completely baffeled. It was if, I could have told an old, stale, bad, joke yesterday and it would have brought down the house in laughter. Amazing! The US Gov must have bought up stocks to prop-up the market and JP Morgan knew about it ahead of time.

 

[Fivetears]

Dumbfounded. :blink: Ya know, they can yank the carpet out from under this thing at any moment... and it wouldn't be a suprise to me. :notrust:

 

[Braveheart]

This market and these numbers are a total fraud. Set the bar low and up 400 points - since this is the case why didn't it jump on Monday's horrible news.

I am went to the F Fund because there is nothing holding up this market. No jobs, no homes, gas @ $4.00, it's going to come crashing down.

 

[Birchtree]

So, do you think Google sees a silly recession?

 

[robo]

So, do you think Google sees a silly recession?

According to Bloomberg, profits have slumped 26% on average for the 61 companies in the S&P 500 that have released first-quarter results so far with financials faring the worst. But, as you can see from trading today, investors could care less. The market is about the future and this week's trading shows they think much better times are still ahead.

http://www.thekirkreport.com/

 

[Show-me]

TSP: 100% F Fund / Roth: Bought SDS @ $57.91 after hours.

 

[Show-me]

TSP: 100% F Fund / Roth: Bought SDS @ $57.91 after hours.

Bought QID $43.20, too. I could not pass it up QID is up against the 200 dma.

Monday is auction day at the Fed so I would not be surprised to see a rally.

 

[Show-me]

The Week Ahead

Last Update: 18-Apr-08 11:02 ET

The coming week marks the peak of the first quarter earnings reporting season, with 160 S&P 500 companies set to announce their results.
Nine of the 30 Dow Components will release their results, including 3M (MMM), American Express (AXP), AT&T (T), Bank of America (BAC), Boeing (BA), DuPont (DD), Merck (MRK), McDonald's (MCD) and Microsoft (MSFT).

Visit Briefing.com's Earnings Calendar for additional companies scheduled to report quarterly results.

There will be only a handful of economic reports, although added attention will be paid to existing and new home sales readings for March, durable orders for March and weekly initial claims.
________________________________________________________________
Monday, April 21:

• Earnings: Bank of America (BAC), Eli Lilly (LLY), Halliburton (HAL), Merck (MRK), Hasbro (HAS), Mattel (MAT), Texas Instruments (TXN), Boston Scientific (BSX)
• Economic Data: None
• Events: None
• Conferences: None
• Fed Speakers: Chicago Fed President Evans will make opening remarks at a breakfast marking the start of Chicago Money Smart Week (9:00 AM ET)... Fed Governor Kroszner speaks on community development (13:30 ET)

Tuesday, April 22:

• Earnings: AT&T (T), Baker Hughes (BHI), CME Group (CME), Coach (COH), DuPont (DD), Lockheed Martin (LMT), McDonald's (MCD), National City (NCC), UAL Corp (UAUA), UnitedHealth (UNH), Norfolk Southern Corp (NSC), Yahoo! (YHOO), YUM! Brands (YUM)
• Economic Data: None
• Events: None
• Conferences: None
• Fed Speakers: None

Wednesday, April 23:

• Earnings: Ambac (ABK), Boeing (BA), Biogen (BIIB), EMC Corp (EMC), Northwest Airlines (NWA), Schering-Plough (SGP), UPS (UPS), WellPoint (WLP), Anheuser-Busch (BUD), Allstate (ALL), Amazon.com (AMZN), Apple (AAPL), Pulte Homes (PHM), Qualcomm (QCOM), Chipotle Mexican Grill (CMG)
• Economic Data: March Existing Home Sales... Weekly Crude Inventories (week ended April 19)
• Events: None
• Conferences: None
• Fed Speakers: None

Thursday, April 24:

• Earnings: 3M (MMM), Aetna (AET), ConocoPhillips (COP), Dow Chemical (DOW), Exelon (EXC), Motorola (MOT), Newmont Mining (NEM), PepsiCo (PEP), Potash (POT), Raytheon (RTN), American Express (AXP), Amgen, (AMGN), Union Pacific (UNP), Royal Caribbean (RCL), Microsoft (MSFT), Whirlpool (WHR)
• Economic Data: March Durable Orders... New Home Sales... Weekly Initial Jobless Claims (week ended April 19)
• Events: None
• Conferences: None
• Fed Speakers: None

Friday, April 25:

• Earnings: Entergy (ETR), Wendy's (WEN), Goodyear Tire (GT), LM Ericson (ERIC)
• Economic Data: Revised April University of Michigan Sentiment Survey
• Events: Former Treasury Secretary and current Citigroup Director and Chairman of the Executive Committee Robert Rubin will speak about tax cuts at Princeton (9:00 AM ET)
• Conferences: None
• Fed Speakers: None

--Ryan McShane, Briefing.com

 

[robo]

Bought QID $43.20, too. I could not pass it up QID is up against the 200 dma.

Monday is auction day at the Fed so I would not be surprised to see a rally.

Show-me,

I hope this trade works out for you. I'll be looking for a short-term trade on the Dark-Side soon myself and then to buy-em back long again once we get oversold again. However, we could still get more upside here so I'll use stops this time on any short positions, and I only short for a day trade.

NO WAY will I hold shorts over night in this market, so the crooks can get me at the gap up.

I sold the remaining shares of my UYG Friday @ 33.51, but I want to buy-em back soon.

http://finance.yahoo.com/q?s=UYG

My plan was to hold them all year, but for now I'm going to just keep trading them. I think I can still make a lot more money trading them for now.

At some point the trend will take off to the upside and this will no longer work and I'll hold-em. I don't want to fall in love with too many long positions over the summer.

I’m going to go away in May, but will look for set-ups to go long again and then back to cash this summer. For now oil and gas prices have me concerned, and if prices keep going up the Bulls case for a short mild recession is out the window.

We shall see! I told Bullitt, I’m going to stop posting so much soon, and stop all this time on this darn computer. Get out in the sunshine and smell the popcorn, draft beer, and hear the sounds at ball games and the movies. ( Action of course, with DLP and THX. )

After this last rally I’m now positive YTD in all accounts and will stay cautious until we get closer to the four quarter. The up coming election will cause some market swings for sure.

Pick your poison. I’m now calling myself an Independent after watching the debates from both sides. Mudsling and lies from both sides. They can promise all that want. I got news for them, it’s the Congress that make changes for the people not those knuckleheads.

Yeah, all of them, both sides! My opinion and I will not debate politics with anyone so no more on this subject, but it does relate to the market this fall. That’s why I mentioned it.

I'll be looking to see what Oscar has to say about next week. I'm heavy in cash again. I also follow Sentiment Trader for short-term positions and he's also now cautious after the big run we had last week. I will look to get back into TSP if we get weakness back down around 1350 or lower this week.

I of course reserve the right to change my buy in point since this crazy market can do anything in the short-run. If we rally that’s ok too, since I still have some LT positions.

However, the Bulls must show-me here! Ha, no pun intended my friend.....

The pump monkeys will be out from both camps Monday selling the retail investor the goods. Buy, no sell, no cash, no it’s to early, no wait, can’t you read the charts, maybe, could, should, might, we think, possible, unlikely, wait and see, no it’s time to buy. That will be 39.99 a month and trading in the market is risky and could result in losses. You think!

Yeah, you get my point. I’m sticking with Henry for LT positions and short-term trading overbought-oversold at resistance and support levels. Watching Oscar, Sentiment Trader, and a few others to try and get an edge.


This is why Perm bulls and Perm bears on CNBC are to be avoided here. Also the crooks will be trying to shake all the weak hands lose and we are getting close to the weakest 6 months of the year. Yep, I think I'll go away in May…….


I also spend quite a bit of time at traders-talk reading the bull bear debates, but lately it's getting ugly. I did follow quite a star last week, Blustar. His net profit was about $154K for the week. He showed his trades as he made them last week.


Good trading/investing to all next week…


Take Care!

 

[Show-me]

All ways good to hear from ya, Robo! My plan is to play the short plays too. I do have some favorite individual longs. I too have been enjoying the beautiful day. Been inspecting my Honey Bee's today and some spring cleaning.

Pork chops and burgers on the grill and now I will do some reading and a movie.

Monday is the famous Fed Auction and I would expect a up day as that has been the trend since the beginning of the year. With the exception of one that was due to the BSC debacle.

Also, not much ED next week.

 

[Show-me]

One of my favorites.

 

[James48843]

Dennis-

My state has been in recession since 2000. There are fewer jobs today than in 2000, unemployment is the highest in the nation at 7.8%, inflation is out of control, wages are falling, price of gas is rising.

I don't know what it is like where you are, but here, the word Depression is being bantied about-

Employment

2008JanMichigan 4,565,000
2007JanMichigan 4,625,000
2006JanMichigan 4,652,000
2005JanMichigan 4,610,000
2004JanMichigan 4,611,000
2003JanMichigan 4,616,000
2002JanMichigan 4,660,000
2001JanMichigan 4,876,000
2000JanMichigan 4,885,000