tsptalk's Market Talk

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tsptalk said:
I just heard, and we were just talking about this in the politics thread, about another silly statistic. If the Dow was up between Labor Day and Election Day, the incumbent tends to win. If it is down, the challenger tends to win. After today's close the Dow was up about 22-points over that time.

But the Redskins losing at home yesterday means Romney will win so it's another toss up. :D

As far as the direction goes, it really depends how much a winner has been priced in. We could see a 'sell the news' reaction no matter who wins. Or, since the market has been pulling back lately, we could see a 'buy the news' reaction no matter who wins. Great analysis, huh? Who knows? It's tough one.
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That's why I don't play headlines and such with stocks. You need to follow charts especially with index funds like TSP has. There is no way to guess how the news will play out in he short term. CHarts and sentiment are the only part of the stock market that has any logic involved IMO .
 
Thanks Dutchy. That helped me make a decision. While I have my opinions of what I want to happen in the election, and what I think will happen, I don't know. Cash sounds like a good option for me. If I miss something, so be it. The 3X ETF's can really punish us for being wrong.
 
tsptalk..Thanks Dutchy. That helped me make a decision. While I have my opinions of what I want to happen in the election, and what I think will happen, I don't know. Cash sounds like a good option for me. If I miss something, so be it. The 3X ETF's can really punish us for being wrong.
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Tom, You are welcome. And...you are probably smarter than me. I put that article up for informational purposes.. I've got a large stake in FAS ETF, hoping for a Romney bounce! So far so good, but who knows what tomorrow may bring ?? No risk, no reward...
 
tsptalk said:
Thanks Dutchy. That helped me make a decision. While I have my opinions of what I want to happen in the election, and what I think will happen, I don't know. Cash sounds like a good option for me. If I miss something, so be it. The 3X ETF's can really punish us for being wrong.
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Nice Call!
 
tsptalk..Thanks Dutchy. That helped me make a decision. While I have my opinions of what I want to happen in the election, and what I think will happen, I don't know. Cash sounds like a good option for me. If I miss something, so be it. The 3X ETF's can really punish us for being wrong.
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Tom, you were rewarded or your caution... Good move. Don't quite understand this selloff... But the Market moves in strange ways sometimes.
 
Sell the news? The election results means capital gains will be raised to 20% instead of Romney's 0% proposal.
 
Wow, the Dow was up 80-points, the president speaks on the fiscal cliff, and just like that the Dow gives up all its gains. :sick: Maybe just a temporary knee-jerk reaction.
 
craigerv said:
This seems to be a recurring theme lately. Up early, then down by the end. How does anyone day-trade on this garbage?
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3,5,15 min charts for day traders. actually big intraday swings are things day traders love. no movement = they don't make any money, volatility = pick up 3-5% moves in minutes/hours

TSP strategy is a little different, can't let the day to day noise affect you (easier said than done though)
 
interesting activity in the market right now, bulls showing some signs of fight in them, SPX went green but can it hold?

will take a look again toward EOD to see if this is a possible swing trade opp.
 
apple is in trouble if they can't hold 520. next resistance would be... the gap at 419?

Maybe Intrepid_Timer wasn't really joking when he meant AAPL gap fill at $20? dunn dun dunnnnnnnn :worried:
 
Boehner just threw some cold water on the rally, saying everyone is talking a good game about the fiscal cliff, but no one is willing to discuss details.
 
tsptalk said:
Boehner just threw some cold water on the rally, saying everyone is talking a good game about the fiscal cliff, but no one is willing to discuss details.
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some serious whipsaw action, it's making the market frustrating at the moment lol (unpredictable is no good, might as well roll dice)
 
I say push me off the cliff, I'll take my lumps and wait for the Democrat's constituents to get smoothered into submission.
 
The Transports are making a fourth attempt to close above 5200. Looks like a bull flag.

121412a.gif


While Apple drags down the Nasdaq, this is a sign of life.
 
can the market continue the uptrend if there's no cooperation from the NASDAQ? (which isn't going anywhere without apple's help)
 
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