tsptalk's Market Talk

[EmoDx]

Any thoughts on how the last hour, and especially the last 15 minutes today played out?

I have a theory... the bears are trying to regain the market. The US Dollar index is lower over the last 5 days and the ^dwcpf and the $emf are essentially flat.

I think the top is being established. Look for a break downwards. On the flip sides, the I fund should break up soon.

- Emo

 

[hessian]

Posted to Poolman's as well...

 

[tsptalk]

Very interesting. I bought the VIX (VXX) to protect my SSO position in case of a down turn this week, yet both were up on Monday, and both remain up with an hour to go today.

I'm not complaining, but I did not expect that.

Both are down today. Go figure. :suspicious:

 

[Bullitt]

It would be nice if the S&P had a 5 week bull flag as opposed to a 5 week bear flag. Looking at the weekly, if it was a bull flag towards the 200 week MA, I'd be thinking major cup and handle here.

 

[tate15]

HAPPY NEW YEAR!

Open 2 any quick tips.......I dont have too much $$$.....

Now I'm:

G-45
F-10
C-25
I-20.... in my civ & mil

any suggestions for an interfund xfer? tanx

 

[tsptalk]

Happy New Year, tate15!

I can't see this same sideways action continuing any longer. I see have a hunch week will be wild.

I am now heading into the new year at 50/50 cash / stocks. My intention is to fade any sharp moves next week. Big rally - go to 100% G. Sell-off - go to 100% stocks.

 

[fedgolfer]

Big boys know where we sit on the weekly Nasdaq chart. You'd think they'd get a better bang for their buck if they made everyone chasers from this point on the chart and have the resistance line on the inverted H&S become the new support line for 2011. Creating a higher base is the purpose of QE2, imho. And for the more risky crowd, how about FAS... what a way to bring in 2011 then to start that upward march to the right wall of the cup

 

[dannyboy]

Happy New Year, tate15!

I can't see this same sideways action continuing any longer. I see have a hunch week will be wild.

I am now heading into the new year at 50/50 cash / stocks. My intention is to fade any sharp moves next week. Big rally - go to 100% G. Sell-off - go to 100% stocks.

***
Initially, I felt very much the same, until further review of the Sentiment, so I went S-100%. I did S-100% all December and it was great!
The third year of a pres. cycle is best for %'s,
Tax rates are staying put for awhile, Stocks bloom in Spring?
Roll-the-DICE, but keep on guard! :nuts:

 

[fedgolfer]

***
Initially, I felt very much the same, until further review of the Sentiment, so I went S-100%. I did S-100% all December and it was great!
The third year of a pres. cycle is best for %'s,
Tax rates are staying put for awhile, Stocks bloom in Spring?
Roll-the-DICE, but keep on guard! :nuts:

kinda how I see it too. Almost eveybody who is in today is at least "thinking" lock the easy money. But as we've seen, its this hopping off the train that keeps fulfilling the bull channel and the embedded indicators. But, this go around i'm inclined to act on the weekly sticks with an awareness of where we are on the dailys.

 

[fedgolfer]

i know i've been spewing the bullish argument lately, but jeez, anyone see a high probability for $tran rolling and making a MA pattern on the 30 min sticks over the past 10 days?! I'll have my finger on the eject button if there's a further hint of the M completing its formation... if we fall below 5100 in $tran the M is complete and if we fall below that real fast then come back and kiss the channel goodbye, it will be a perfect MA reversal.

 

[FAB1]

fedgolfer - where do you get your charts, is it a paid service?

 

[fedgolfer]

Think or Swim and TD for intraday and periods longer than 3 years. For daily and weekly i'm fine w/ stockcharts.com which is free, but that only goes back 3 years and obviously nothing intraday. TOS has TONS of data, almost too much. I can't take pics of charts and load them during work hrs though since I only post on tsptalk via iPhone.

 

[FAB1]

I have just been watching these Yahoo charts, ok for just monitoring the daily activity. But would like to try some of the ones you suggested. Thanks!

 

[tsptalk]

Testing 1,2,3. Testing 1,2,3...

I hope we can at least hit the 20-day EMA. The 50-EMA would be nice, too.

 

[FAB1]

Wellhell, if youre itching to buy ynot go all the way to the 200

bargins for everybody

just let me get out first, ok?

 

[tsptalk]

Wellhell, if youre itching to buy ynot go all the way to the 200

I don't think it works that way.

 

[FAB1]

I don't think it works that way.

Mm, well if I can get my January goal and vamoose with the papoose
the market can dip correct or tank below support and make my gasoline
much cheaper in the process.

but helicopter Ben wouldnt allow that, would he? :nuts:

 

[Frixxxx]

IPOs Expected to Have Strong Year As Stocks Recover

U.S. companies are expected to go public this year at the best pace in three years, as investors regain confidence in stocks and seek more risk.

Story

 

[tsptalk]

I'm going in. Cover me.

 

[FAB1]

I'm going in. Cover me.

No PROBLEM - your in the Tube, Tom go man go!