tsptalk's Market Talk

[wavecoder]

Source: Boehner offers to include higher tax rates on wealthy to avoid fiscal cliff - CNN.com

hopefully this is actual progress in fiscal cliff talks rather than a continuing game of chicken with the market

 

[tsptalk]

The questions is, will democrats reciprocate with adequate spending cuts? If so, it could be a good Monday... until the capital gains sellers step in.

 

[Intrepid_Timer]

So the Dems want tax increases on those making 250K and above and the Reps are offering 1M and above? That doesn't seem very close to me, but the fact that the Reps are conceding any at all might help the markets in the short term. We'll probably ultimately see something in the 500K-750K range, but that might take awhile..................

Jingle bells, Congress smells, the markets laid an egg.............but will it be golden or rotten...........:blink:

 

[nnuut]

Rotten!

 

[wavecoder]

So the Dems want tax increases on those making 250K and above and the Reps are offering 1M and above? That doesn't seem very close to me, but the fact that the Reps are conceding any at all might help the markets in the short term. We'll probably ultimately see something in the 500K-750K range, but that might take awhile..................

Jingle bells, Congress smells, the markets laid an egg.............but will it be golden or rotten...........:blink:

true, well the good side of it is showing that congress is finally willing to negotiate. I'm hoping that the white house and congress can finally start working together, because the whole game of neither side willing to budge got old a long time ago. It's going to take a while before some middle ground can be reached, but this is progress. Makes me think that a deal won't be made until after the deadline though, unfortunately.

 

[tsptalk]

Here we go again. 5th consecutive move above 5200. So far 0 closes above 5200.

 

[twodaystocks]

Today is the day... I can feel it. lol. So far it looks strong, but that can change in no time.

 

[wavecoder]

my spxs position just got boehner'd lol, stopped out 1% gain

 

[wavecoder]

nasdaq is on fire today

 

[nnuut]

WOOO WOOO! I cant' believe I'm actually in when this happens, it's about time!:laugh:
​

 

[Appatite]

About to start the downward spiral after Obama rejected Boener

 

[tsptalk]

Transports blast through 5240 resistance! Closed at 5310, up 84 (+1.6%).

 

[Appatite]

Im glad I was 100% wrong.

 

[wavecoder]

The VIX is looking bullish, pushing and making new highs of the day. However, the dollar just took a massive dump in the 15m chart and is looking to breakdown further

One is bearish for the market, the other is bullish. what to do? lol

 

[wavecoder]

the VIX is really making a move today, up 7.5% and still going

odd how the rest of the market seems to just be unaffected and moving sideways. good gains so far for I fund, transports, and small caps

 

[Birchtree]

The stronger VIX may be a harbinger of a sell off before the close - that would not be any surprise.

 

[tsptalk]

It seems as though investors / traders are afraid to be out of the market when the "deal" is announced.

 

[Viva_La_Migra]

I think they'll announce an agreement Friday, so they can go home for Christmas.

 

[MrJohnRoss]

Even thought the VIX seems to be trading in a coiling pattern, the Stoch, PPO and CCI seem to be forecasting a higher VIX. That's usually not be a good sign for the market.

 

[tsptalk]

Two hours until the FC negotiations resume. That will be about 3 PM ET. I don't know if that gives enough time for them to come to some kind of deal and announce it before the market closes, unless it is a televised event.? That means the market probably won't react today.

But whatever comes out of it, good or bad, it should make investors that are on the wrong side of the deal pretty anxious over the weekend. By wrong side I mean those that are in stocks when no deal is made, or short stocks if a deal is made.