Show-me Account Talk

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Uh oh, I'm not that worried.....................yet. :worried: Would have been nice to buy at this level. Dollar rally is putting the screws to the I fund. :sick: Lot of things can improve or deteriorate between now and the close.

I was hoping for a one day play. Now it looks like I'm going to have to stay committed for a few days.

My only regret today is not going 50/50 G/I so I had a little cash to buy today. Now if only I could buy a little of that hindsight. lol :D
 
Looks like the dip was caused by the bond yields being back up (5.03%). This is going to be a tough morning, it's looking like it's going to flip flop around for awhile this morning. We may not see any real clear movement until the afternoon session.
 
Griffin said:
Looks like the EU just choked on a bone over the jobless report - which wasn't that bad. Yesterday definitely rattled their cages, I don't think the US will skip a beat over it.:cheesy: (FXstreet had the consensus at 305K and is showing 309K in the red, yahoo has the consensus at 312K). By the way, the ECB kept their rate at 5.5%.
Click to expand...

Morn'n Griffin,
I total space watching the jobless report on CNBC. Was playing with the horse, dog, cats, bee's, and kids this morning. We are getting ready for a heat wave today followed by the potential for some butt kick'n storms tonight.

If the market does not bounce by mid-morning I will start squirming a bit. I'm committed and committable, so I will hold the course until I see a profit or can't take the pain.
 
I'm OK.............I feel like the 40 year old virgin guy when he goes in for the wax job. I'm in..............bring on the pain.
 
AP
Gas Prices Gnaw at Consumer Confidence
Friday June 8, 6:36 am ET
By Jeannine Aversa, AP Economics Writer Confidence Tumbles to 10-Month Low as Gyrating Gasoline Prices, Housing Woes Gnaw at Consumers WASHINGTON (AP) -- Consumer confidence tumbled to a 10-month low as gyrating gasoline prices and persisting problems in the housing market gnawed at people's sense of economic well-being. The magnitude of the drop shown in the latest RBC Cash Index was surprising given the healthy state of the nation's job market, which is usually an important factor coloring consumers' perceptions of how the economy and their own financial fortunes are faring.
 
The market is a monster!

Now the dollar rallies. I'm holding until I get my money back. What a difference being two days early can make. WOW!

Ebb tracker is hot, hot, hot! Buy signal today for Monday.

Sentiment survey is buy!

Trader Fred's stops kicked in.:worried:

Well, I just don't know what to really think. I have a appointment this morning so I will not be able to see what is going on. I will hold.

Good luck everyone. :)
 
Re: The market is a monster!

Show-me said:
Now the dollar rallies. I'm holding until I get my money back. What a difference being two days early can make. WOW!

Ebb tracker is hot, hot, hot! Buy signal today for Monday.

Sentiment survey is buy!

Trader Fred's stops kicked in.:worried:

Well, I just don't know what to really think. I have a appointment this morning so I will not be able to see what is going on. I will hold.

Good luck everyone. :)
Click to expand...

I'm there with ya. GAve myself a holding pattern.:D
 
Well it looks like we are having trouble following through after all. I heard on the new that foreclosures are up 90% from this time last year. Yeah. That should help.......................NOT!

This week is make or break and the risk is extremely high. Retail sales tomorrow, PPI Thursday, and CPI Friday.

The bright spot is the 50 dma. It is holding as support for the C fund, S fund and FTSE. The USD need a break.

Right now I shifted to the C and S funds because the I fund with equities and currency have me nervous. Got lucky with not -FV. That means everyone should go TO the I fund because I'm not there. lol

My reasoning is that if the market tanks better to not be in the I fund for the morning action followed by a possible -FV. All ED is released at 8:30 each morning.

Good luck everyone and good trading.:D
 
SM,
Go to ST! Enter Quotes and Research. Stocks. Enter $SPX. Check the EMA, Bollinger bands and The Stochistic Oscillator. The SO narrative will give you a somewhat heads-up!
 
Spaf
Can you please post the full link to the website? Thanks.

Spaf said:
SM,
Go to ST! Enter Quotes and Research. Stocks. Enter $SPX. Check the EMA, Bollinger bands and The Stochistic Oscillator. The SO narrative will give you a somewhat heads-up!
Click to expand...
 
FTSE and EZ up now. Looks like they did know what the numbers were. lol Dollar up and pre-markets up.

I'm happy with my move out of the I fund for now. The futures are up nicely, but the market can change in a moment. PPI and CPI are on the horizon and may hold back any big rally.

Still very high risk sitting on the 50 day with two more days of big ED before the week ends.

GL:D
 
I'm feeling much better today. Charts are improving but CPI looms on the horizon. Even if CPI comes in sweet will the profit takers step in?
 
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