Re: TSP Retirement Center Chat Room
The Retirement Kingdom
June Edition
Sunday June 17, 2007
Yak, Le Charts, Doodles, Tea Leaves, The Tin Box and The Lilly Pad
Kingdom Yak:
Pro-Yak.....................................The market is alive and well! Bulls take over as data shows that inflation is in check.
Con-Yak....................................Indicators are that things could get volatile. Reason: The Stochastics oscillator is registering bullish with %K over %D, however it quickly heads towards 80 and overbought conditions. True the trend is bullish but the weather looks stormy. The best 6 months still remain as Nov, 1st through April 30th. My allocation will return to a safe mode of 60/40 (60G, 20C, 10S, and 10I).
Jester-Yak.................................A little bit of what happened, last few weeks:
Jun.4. [SPX] 1539......... Market is overbought, trading is at top of Bollinger Bands (BB). .....Stochastics oscillator (SO) above 80.
Jun.5. [SPX] 1530.(-08). Pullback starts. More sellers than buyers.
Jun.6. [SPX] 1517.(-14). Pullback cont'd.
Jun.7. [SPX] 1490.(-27). Bears pull market back to bottom of BB. Near SO of oversold. But, starting 1st leg of Double Bottom (W).
Jun 8. [SPX] 1507.(+16). BB hold, bulls step up and create 1st part of Double Bottom, the "W".
Jun 11 [SPX] 1509.(+01). Indecision; Pivot point is established on the W.
Jun 12 [SPX] 1493.(-16). Bears have a final say! But have to stop at bottom of BB. The SO sends a bullish signal; %K over % D.
Jun 13 [SPX] 1515.(+23). Bulls step up forming last phase of W and also surpass the pivot point of 1509. The SO remains bullish.
Jun 14-15 [SPX] The market continues up on medium to higher volume.
Doodles:
Stops........................................... ......Alert (-1%)....Trail (-2%)
.....SPX....1532.91 +25.24 for the week.....1524.............1509
Lube (NYMEX) Closed at..............68.00 +3.24 for the week ending...
NYMEX
Oil Markers................................<60= ok, 60-70= worry, >70= panic.
Tea Leaves:
Yakndoodles...............................Hold 60/40. [Capital preservation!]
Tin Box.
TSP (week ending)........G=11.97..F=11.18..C=17.10..S=20.87..I=24.66
....(end of 2006)...........G=11.71..F=11.14..C=15.69..S=18.76..I=22.22
The Lilly Pad
Location....................................See above.