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tsptalk's Market Talk
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RealMoneyIssues
Well-known member
Futures and DAX taking it squarely in the gonads as of this moment. Ouch. There goes my 1.99% for February.
Well, so far, the buyers have come to the rescue of the markets every other time.
There is no reason, at this point, to believe otherwise.
RealMoneyIssues
Well-known member
AMR-US Airways merger, Heinz acquisition at a 20% premium, and jobless claims are down below expectations. No reason to see any selling now. The market has come back from its low, dollar is getting push down, and $4.75-5.75 billion today for the Fed to buy the market... I don't see anything wrong.
Frixxxx
Moderator
Usually the first sign..........Something's Amiss.
RealMoneyIssues
Well-known member
Hey, be nice and go take care of those Sailors...
rktect1
Member
Stop it. I'm now down to 87.59% chance of getting out today.
RealMoneyIssues
Well-known member
The New York Federal Reserve's regional manufacturing gauge rose to 10.04 in February -- its highest level since May 2012 -- from -7.78 in January. The gauge was expected to rise to -2. Readings above zero point to expansion, while those below indicate contraction.
jkenjohnson
Active member
I think the market is in limbo until consumer sentiment comes out. Never mind, it's out and probably will not have much effect.
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I have an IFT burning a whole in my pocket for February so I think I'll play for a quick bounce. Tops don't happen in one day and I think the first break of the 20-day EMA could be a very short buying opportunity... similar to 2012...
I would probably sell if we see 1525-1530 again, and I won't be patient.
I would probably sell if we see 1525-1530 again, and I won't be patient.
JTH
Well-known member
I have an IFT burning a whole in my pocket for February so I think I'll play for a quick bounce. Tops don't happen in one day and I think the first break of the 20-day EMA could be a very short buying opportunity... similar to 2012...
I would probably sell if we see 1525-1530 again, and I won't be patient.
Great observation, I thought about it, I guess I still have too many bad memories of trying to catch a falling knife back in 2008...
Hitting the 1525 area again. I'll keep a toe in the water (stock funds) but I lightened some up on Friday, and again this morning, adding to the G fund. Effective COB today I'll be 40% stocks.
The seasonality is strong in first few days of March, but at this pace I may be 100% G fund by the end of this week.
WorkFE
Well-known member
Not sure I'll go 100% but I will be trimming back in anticipation of fridays action.
If we have what looks like could be a negative reversal day... showing before the deadline, I may change this allocation getting even more defensive.
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