tsptalk's Market Talk

[Viva_La_Migra]

I disagree. News produces knee-jerk reactions, but the trend usually - eventually prevails, and technical analysis helps tell us where the market might find support / resistance during these reactions.... and don't get me started on sentiment.

My question is, are we seeing a dead cat bounce, or the second wind of a charging bull? I want to believe in the Bull, but the Bear has bitten me before.

 

[Birchtree]

I have 105 dividends to be reinvested in March and if I had my druthers the consolidation would persist. Unfortunately I may be doing my reinvestments back at the old highs above SPX 1848 - but what can I do? Margin will open up some heavy buying power at the old highs so there is a small blessing.

 

[BichonFreeze]

I want to believe in the Bull, but the Bear has bitten me before.

Its very difficult to say. I think the market is more at ease unless Yellen comes out and gives an indication on what the FED is planning to do. This makes February's job numbers (i believe released March 8) very important before the FED meets around mid-March. If the job numbers are good, then I'd expect the market to shudder once QE is lowered more. If the job numbers are bad, then it's possible QE is continued at current levels making the market happy for a little longer.

This of course is very simple minded and based on market reactions on consumer sentiment.

 

[tsptalk]

Anyone getting worried?

 

[JTH]

Anyone getting worried?

You give me enough time and I can make a turd look like a potato chip :toung:

 

[tsptalk]

You give me enough time and I can make a turd look like a potato chip :toung:

Give it a few weeks and the charts may look like a turd. .

Weather posted this in another thread...

Scary 1929 market chart gains traction - Mark Hulbert - MarketWatch

There's a quote in there from Tom Demark that is almost verbatim to what I said recently in my commentary...

“Originally, I drew it for entertainment purposes only,” he said—but no longer: “Now it’s evolved into something more serious.”

For the record - I am in stocks right now (today) but that could change any day.

 

[wavecoder]

that red line is gonna cut through the black like a hattori hanzo blade through melting butter :nuts:

 

[Frixxxx]

that red line is gonna cut through the black like a hattori hanzo blade through melting butter :nuts:

That was a Hattori Hanzo sword.

 

[tsptalk]

Weather posted this in another thread...

Scary 1929 market chart gains traction - Mark Hulbert - MarketWatch

They just posted that article on Drudge and you know what that means... the comparison should soon end.

"Nobody goes there anymore. It's too crowded."

- Yogi Berra

 

[RealMoneyIssues]

They just posted that article on Drudge and you know what that means... the comparison should soon end.

"Nobody goes there anymore. It's too crowded."

- Yogi Berra

Booo

Anyway, once we start heading down like that chart, I am out on the black line just in case...

 

[CrabClaw]

They just posted that article on Drudge and you know what that means... the comparison should soon end.

"Nobody goes there anymore. It's too crowded."

- Yogi Berra

yep, everyone under the sun is talking about this now. bummer too

 

[wavecoder]

yep, everyone under the sun is talking about this now. bummer too

Probably means it won't happen. Market won't crash if everybody and their mom is expecting it.

 

[tsptalk]

yep, everyone under the sun is talking about this now. bummer too

I believe you were the first one to bring it to our attention in December. +1!

 

[CrabClaw]

that 3P&DH does have merit is it is a legitimate, albeit less common, chart pattern. there is a right sloping H&S in play also. All of this bears watching. That being said I am wondering if we go flirt with the highs again to get everyone all bulled up before she crashes?

 

[wavecoder]

 

[jonfresno]

View attachment 27153

Dude, isn't that the guy that said Bear Sterns was in fine shape a day or two before it went belly-up?!? Oh, wait, the other day he said the economy isn't doing so great and we might see a correction. Buy, buy, buy, b-b-b-b-buy!!!

 

[wavecoder]

Dude, isn't that the guy that said Bear Sterns was in fine shape a day or two before it went belly-up?!? Oh, wait, the other day he said the economy isn't doing so great and we might see a correction. Buy, buy, buy, b-b-b-b-buy!!!

no idea, i'm more so a fan of his facial expressions more so than his decision making haha

 

[Dutchy]

Market recap from Zero Hedge.com

Stocks Slumber As POMO Pump Fails To Spark More Exuberance | Zero Hedge

 

[JTH]

I consider myself lucky if I'm able identify a pattern on the 2nd occasion and capitalize on it by the 3rd occasion. Usually by the 4th occasion everyone sees it and by then the pattern is busted.

SP500 Boxes and Predicting February Price Swing Targets

 

[tsptalk]

I just heard that Walmart has closed about 150 stores this week because of the weather. While I hate when weather is blamed on economic weakness, this will certainly affect earnings in the first quarter for several businesses. It may not be something we will have to deal with until late March / early April when 1st quarter earnings warnings start coming out, but it's something to consider looking forward.