This Week in Stocks: 6/11 - 6/15/07

[tsptalk]

We may see a very rare event today. We could see the G, F, C, and S funds end the day flat (no gain or loss). It will be close as C and F could be up .01. I'm not sure about the I fund. I'll let the experts in 350Z's I fund thread figure that out.

 

[McDuck]

I'm not sure about the I fund. I'll let the experts in 350Z's I fund thread figure that out.

Because of the drop during the last half-hour, the I-fund will have not have a today-caused UfV but will just have a UfV to put it back even with MSCI.

 

[Oldcoin]

Friday is Quadruple Witching, what is the up vs. down ratio? Anyone have a STA?

 

[FundSurfer]

Could be a retest today. The big question is bounce or lower (S&P 1490 key). Europe is trending down and Dollar is trending up - ouch for I-fund.

 

[tsptalk]

Friday is Quadruple Witching, what is the up vs. down ratio? Anyone have a STA?

STA?

 

[Oldcoin]

STA?

I might have messed up the terminology, Stock Traders Almanac? Dumb me didn’t get one this year.

I know they used to show how many up and down days we had in the past.

 

[Spaf]

Ifn I count right June has 13 days up and 7 days down. June 15th Triple Witching. Dow up 3 straight. June 29 Last Day of Second Quarter Dow Down 11 of Last 15 - NASDAQ Up 12 of 15.

There it is! Clear as mud!.............

 

[Oldcoin]

Ifn I count right June has 13 days up and 7 days down. June 15th Triple Witching. Dow up 3 straight. June 29 Last Day of Second Quarter Dow Down 11 of Last 15 - NASDAQ Up 12 of 15.

There it is! Clear as mud!.............

Thanks, that's what I was looking for

 

[wht00ss]

Now let's take a look at this market big picture. If real rates were reallying rising in anticipation of inflation ticking up wouldn't gold behave a little differently?? Its usually been a short-term inflation hedge. The metal recently broken below a short-term low and looks like it could take out the march low around $637/oz. The U.S. dollar index has had a nice rally the past few days so to me it looks like the economy is still healthy, inflation is pretty much in check and higher real rates won't be beating us on the head forever.

We are coming close to the end of Q2 so we will be concentrating on earnings again and I have found that this is the kind of psychological background that usually pays to buy into.

"When everyone is crying that the time to be buying" and boy is everyone crying!!!! (Believe me I've shed a few tear myself but I stick to my guns)


white

 

[Show-me]

Looks like the FTSE and EZ have got wind of something. I have noticed that when ED is scheduled to comes out the FTSE tries to anticipate the report. Hope they are correct.

 

[James48843]

Tom used a very appropriate phrase this morning-

...schizophrenic behavior...

Very apt.

G fund= 11.97 unchanged
F fund = 11.15 unchanged
C fund = 16.99 up +.08 cents
S fund = 20.68 up +.13 cents
I fund = 24.34 up +.11 cents

I have absolutely NO IDEA what tomorrow will bring.

This market is interesting, to say the least...

 

[SkyPilot]

Friday is Quadruple Witching, what is the up vs. down ratio? Anyone have a STA?

http://www.stocktradersalmanac.com/sta/home.do

 

[Spaf]

June 15, Triple Witching Dow Up 3 Straight (RE: STA)

http://www.stocktradersalmanac.com/sta/home.do

 

[tsptalk]

Paraphrase sentimentrader.com:
A gap open higher than yesterday's high and more than 0.5% above yesterday's close is very unusual for an expiration Friday and it usually hasn't paid to chase the gap. Of the 8 times it's happened in the past decade, the S&P was lower by Monday's close 6 times.

 

[ATCJeff]

Paraphrase sentimentrader.com:
A gap open higher than yesterday's high and more than 0.5% above yesterday's close is very unusual for an expiration Friday and it usually hasn't paid to chase the gap. Of the 8 times it's happened in the past decade, the S&P was lower by Monday's close 6 times.

Great info Tom. Thanks Another piece to the puzzle.

 

[tsptalk]

More from ST -

... since 1995, I can find six other instances of three straight all-positive days. This kind of momentum didn't last long, as the next day was negative in five of the six cases, with an average return of -0.3%. The one winner was a miniscule +0.09% gain. Even three trading days later, we still saw five of the six with a negative return, which approached -1% on average.

 

[James48843]

But this one is different.

Because the momentum has returned-

and you can't fight the momentum.

Big Mo.

In to win.

 

[Boghie]

Re: Spaf's Account

Spaf,

Thanks for the comment regarding 'Averaging Down'. My overall goal is to actually get fully back into the market for the remainder of the year. I am really looking to reinvest the remaining G Fund holdings on the summer dips that always seem to occur. I do not think the market is poised for collapse this year - in fact, I think it will be a very good year for stocks.

Regardless, thanks for reminding me that I am not really a trader and shouldn't fake one on a blog... I have only made three trades this year...