tsptalk's Market Talk

[tsptalk]

Depending how thick your crayon is, the major indices are all trying to make their move above resistance this morning...

 

[Chulke]

What does it all mean Bazel? (for those Austin Powers fans out there) LoL!


All I know for certain is I like todays run, and hope it continues the remainder of the week.


Cheers!!

 

[tsptalk]

The SPY finally filled that open gap, although the gap on S&P 500 index is still slightly open (3 more points to ~1685).

 

[tsptalk]

If this rally is because of Syria, we may see a weak close. A security council meeting was just cancelled by Russia. They want the U.S. to take any and all military action off the table as a stipulation to any deal. That may not happen.

 

[Dutchy]

tsptalk....If this rally is because of Syria, we may see a weak close. A security council meeting was just cancelled by Russia. They want the U.S. to take any and all military action off the table as a stipulation to any deal. That may not happen.

Obama and the Media are desperate to get out of this Syria strike problem.. It is all about Obama and the Democrats retaking the House in 2014. I can't believe there will any strike now, all else is bluster..

 

[tsptalk]

If this rally is because of Syria, we may see a weak close. A security council meeting was just cancelled by Russia. They want to U.S. to take any and all military action off the table as a stipulation to any deal. That may not happen.

Oh well, so much for a weak close on the sketchy news. I guess Syria is not the concern anymore.

 

[Viva_La_Migra]

Oh well, so much for a weak close on the sketchy news. I guess Syria is not the concern anymore.

Not too early for an October surprise!

 

[rcknfrewld]

you can wish in one hand and crap in another...you'll get the same thing...Tom, this Obamatrain market is unstoppable, some puny country will not derail this train...every month or so we all keep waiting for THE huge correction...it never comes...all these cries of wolf make me puke...I'm all in til 2016

 

[Viva_La_Migra]

you can wish in one hand and crap in another...you'll get the same thing...Tom, this Obamatrain market is unstoppable, some puny country will not derail this train...every month or so we all keep waiting for THE huge correction...it never comes...all these cries of wolf make me puke...I'm all in til 2016

Hope you're right and make 100% for the year. Me, I'm up nearly twelve percent. Not too shabby. I'll probably get back in in November and hope for a nice Santa Claus rally. October makes me nervous.

 

[tsptalk]

Apparently Larry Summers withdrawing from the race to be the next Fed, and / or Janet Yellen becoming the new front runner is worth about 160-165 Dow points. The market seems pinned on that number this morning.

 

[Chulke]

Strange that the market would move up on such silly news like the withdrawl of one guy from being the next FED chief...but with this silly market...I guess it makes sense...

 

[Birchtree]

Larry Summers would have been an Obama door mat. Yellen will use her brains to guide the Fed as it unwinds QE.

 

[tsptalk]

Strange that the market would move up on such silly news like the withdrawl of one guy from being the next FED chief...but with this silly market...I guess it makes sense...

It makes some sense since Summers was not big on QE, where Yellen is. The market likey QE.

 

[wavecoder]

2 big up days by the dow / s&p, small caps need to get with the program

 

[tsptalk]

I keep thinking small caps are going to have some problems, unless this long-term resistance can be broken.

 

[wavecoder]

Seems that I remember you metioning somewhere in the past (and have seen this from time to time) as you get more into the "mature" stage of a bull cycle, Large Caps begin to outperform Small Caps. Might be nearing a cyclic 4-8 week peak.:suspicious:

I think Birchtree mentioned that a while back, something to keep an eye on.

 

[tsptalk]

I don't think i said it, butIi do remember reading something like that. May have been birchtree.

 

[wavecoder]

VIX picking up strength into the close, wouldn't be surprised if tomorrow is a red day

 

[JTH]

Has more to do with end of quarter window dressing.

 

[Chulke]

So...you're saying a change in fund allocation might be in order? i.e.a transfer from S to C fund?