tsptalk's Market Talk

[Birchtree]

You can tell in the bath tub.

 

[JTH]

Ah, JTH,

You know we can't tell if we can't touch:nuts:

You can tell in the bath tub.

Dirty dirty minds yee have not fit for the wandering reader's eye of MyFairXcellentLady. Thy be scorned with the torch of the Moderator's sword-wielding electronic red pen.... :laugh:

 

[nnuut]

Google earnings soar 38%

By Blake Ellis, staff reporterApril 15, 2010: 7:23 PM ET

NEW YORK (CNNMoney.com) -- Google posted quarterly sales and profit that trumped Wall Street expectations Thursday, boosted by a rebounding advertising market.
The search giant's net income was $1.96 billion, or $6.06 per share, in the first quarter, up 38% from $1.42 billion from the same period last year.
Excluding one-time charges, the Mountain View, Calif.-based company earned $2.18 billion in the first quarter, or $6.76 per share, up from $1.64 billion a year earlier. That easily beat analysts expectations, which called for earnings of $6.60 per share.

Google's revenue surged 23% to $6.77 billion. Excluding traffic acquisition costs, which are the advertising sales that Google shares with partners, the company reported sales of $5.06 billion, beating the $4.95 billion in revenue expected by analysts.
Sales were lifted by a recovering advertising market. [more]
http://money.cnn.com/2010/04/15/news/companies/google_earnings/index.htm

 

[Boghie]

Ha,
JTH,
Just ha...

Me and Birch just cleared one Moderator:ban:

And, I still have one of Burrocrats 'Get Out of Jail Free' cards. :nuts:

 

[JTH]

On the dollar do we have another bullish reversal tweezer bottom? Interesting on the last two days candlesticks we have the exact same high and low...

View attachment 8994

 

[Boghie]

This might hurt, but I have to let the market decide.

There are too many variables floating out there. Looks like the little investors are getting in. Cramer and the rest of the dummies are gobbling up year over year earnings. Looks like good earnings. Sort of, eh...

There are lots of little donations to be made :nuts:

 

[Bullitt]

6 billion shares in the NYSE with almost two hours left on the clock and surprise surprise, it's another down day. What's that, 7 distribution days in the past 3 weeks?

Who am I kidding though when I speak with such an audaciously bearish swagger? With "Easy Money Monday" just hours away, we should buy, not sell on Fridays.

 

[JTH]

From my post in BT's thread

Thanks BT, and yes I do believe those Transports are flooring me through the roof. One tidbit, tomorrow is Options expiration and the 11th trading day of the month. The 11th being statistically the most positive middle of the month day. Regardless, those two factors should make for an interesting exit for the week. As we know, positive Fridays tend to lead to positive Mondays followed by positive Tuesdays.

Once again I'll kindly remind everyone. Today is Options Ex, and along with that comes the volitility we are seeing today. I submit to you this is average, expected and we can still close flat to positive today.

 

[FAB1]

Right on, deputy dawg

its pos-i-bull, its pos-i-bull

 

[JTH]

I'm still up for a game of follow the leader, anyone else?

View attachment 9036

 

[alevin]

Nice chart, JTH.

 

[nnuut]

Market Snapshot
April 17, 2010, 3:41 p.m. EDT
U.S. stocks to start new week with fresh perspective

Stock market finally finds a compelling reason to correct

U.S. stocks end lower on financials, Goldman scare
By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- The U.S. stock market approaches the coming week from the perspective of a humbled perch, thanks to the volcanic eruption that hit Wall Street in the form of Securities and Exchange Commission charges against Goldman Sachs Group Inc.
"The market was starting to look for anything to correct on, and this was about as good as it could have gotten," Michael Church, president of Addison Capital Group, said of the SEC charges revealed early Friday. [more]
http://www.marketwatch.com/story/us-stocks-face-new-week-in-a-more-humble-mode-2010-04-16

 

[Steadygain]

If the MARKETS respond to the more underlying fundamentals of Profits and Growing Jobs ~~ the kind of things that usually most boost the MARKETS ....

.....then the Outlook should be very Positive

I think the Media is making too much out of GS ~ and if we take a downturn I seriously doubt they have anything to do with it.

 

[clester]

Will there be folks "buying the dip" again? Thats the question.

 

[fedgolfer]

Will there be folks "buying the dip" again? Thats the question.

There appears to be room in the $emw rising wedge for more upside and really only one test of the support line, if it was redrawn on the GS-friday candle. But that may be risky too risky for some serioius dip-buying... the VIX spiked and appears like it could test the 50 DMA. Plenty of warning signs... sure looks and feels like January's top right about now.

 

[Bullitt]

Buy the dip? Jeez. How much more risk are you guys looking to take on. Risk reward at this point is absolutely atrocious.

I think the media isn't making enough of a thing with GS and hasn't done it's part to expose the problems in Greece aka the 2010 version of Bear Sterns. Hey anybody got Dubai? Does anybody have any idea what kind of fraud and swindling is taking place right now or how bad things are in Greece? I don't, but it did take about 3 years for the unethical practices to come to the limelight with Goldman, Paulson, Magnetar, et al, so I can only imagine.

Goldman is just the media's reason for the selloff because they actually believe the information streamlined from the mutual fund companies and apparatchiks we have flooding today's system with my grand kids future. When will it end? We've already had the biggest rally in history, yet people want more more more.

China will grow the entire Milky Way even though the Russell 2000 is in blow off territory right now. Buy gold because deficits will cause hyperinflation in the US. It is now OK to get into the market because it is safe. . Conventional wisdom at it's finest.

SDS showing good strength above the 20 DMA.

 

[JTH]

I'll be watching these levels to identify the difference between a pullback and a correction.

View attachment 9140

View attachment 9141

 

[JTH]

View attachment 9162

 

[JTH]

Just to tease the Bears, let's play follow the leader, and what does the leader have? An established rising trendline, a noticable increase in volume supporting rising prices, and a higher close. Does this look like the beginning of a pullback?

View attachment 9242

 

[Bullitt]

Transports breaking down, support is about 300 points below with 5 distribution days in the past 13 trading days. Not a bullish picture, but surely it's the process of handing off of shares from professional traders to the public.

The market is clearly in a downtrend with volume to the downside surging. Monday was a classic suckers rally with the market makers driving out short sellers on minuscule volume. Tuesday was a 90% downside day and the thing with those is, they are bullish if there is a bounce the next day. Well, I wouldn't consider most majors down .5-1% a bounce by any means. When a 90% downside day happens and selling ensues the following day, it means the selling pressure is building.

No this is not the time to buy stocks. No this is not the time to speculate on when the Euro will 'bounce'. No, I Fund is not a smart buy right now, especially with the tenacious blast thru the 50 DMA on high volume. The only hope for the I Fund is a double bottom, and that's going to take a few days to pan out.