tsptalk's Market Talk

[JTH]

The indices are holding up nicely, but the Russell may need help recapturing the 50-day EMA.

I'm finding this recent price action to be a bit perplexing, price is drifting down, but the range is very tight and we aren't breaking any key levels.

 

[Birchtree]

A sideways market is purrfect for those that are more interested in accumulation of shares - afterall it's the number of shares you eventually own that sets you financially healthy.

 

[tsptalk]

We had a member named "FuzzDuzz" or something like that, a few years ago that was obsessed with number of shares. I understand the concept, but to me the value of those shares is more important. But yes, if you are assuming stocks will always go higher, then accumulating shares makes sense.

Personally I'd rather hold onto the value of my account in a market downturn, than the number of shares I own. I can always buy the shares I sell back at a cheaper price. If the TSP decided to do a 2 for 1 split of the current shares, it wouldn't impact us at all.

I know it has worked for you (BT) and that's because we are near new highs. But look at Japan's long term stock market chart. It's still 1/3 the price of its highs from the 1980's.

 

[Birchtree]

The problem now is that it's going to take even longer to accumulate a share base position - prices are much higher and the membership doesn't accumulate as rapidly. We could be in a mega trend secular bull maket now for several more decades - that won't help accumulate shares. The only opportunity to get ahead will be to trade and that's where you can help.

 

[RealMoneyIssues]

60,000 shares of SiriusXM is still worth less than 1 share of Berkshire Hathaway A...

Price matters, price action matters more...

Sent from my Samsung Galaxy S4 using tapatalk...

 

[WorkFE]

1 X BRK.A= $191,036.00
1 X BRK.B= $127.38

60,000 X SIRI= $199,200.00

Neither pays a dividend although I recall Sirius doing a special dividend recently.

 

[RealMoneyIssues]

1 X BRK.A= $191,036.00
1 X BRK.B= $127.38

60,000 X SIRI= $199,200.00

Neither pays a dividend although I recall Sirius doing a special dividend recently.

Ok, my math was off by a few %, that wasn't my point... next time I will use 50k shares to make sure its truthful...

 

[tsptalk]

The Transports are getting pounded today...

Although looking at the chart, they don't don't seem to fall much further after a day like today. Bull market at work?

 

[Mapper]

Noticed this and wonder what's up? Middle East (i.e. oil) concerns maybe? I was thinking about IFTing into a little more exposure but then I saw this and thought it may not be so wise today

The Transports are getting pounded today...

Although looking at the chart, they don't don't seem to fall much further after a day like today. Bull market at work?

 

[wavecoder]

Once again the market starts pulling back shortly after the fear & greed index goes deep into extreme greed territory, this isn't mere coincidence.

Staying invested in TSP (looking long-term goals instead of short-term with that acct), but glad I pulled all my stocks out a couple days ago for a nice 19% gain

 

[Sensei]

Pre-market action is a little bit of everything. Nikkei was up .8%, DAX is down about .8%, and S&P futures are basically flat. So, wassup?

 

[RealMoneyIssues]

Pre-market action is a little bit of everything. Nikkei was up .8%, DAX is down about .8%, and S&P futures are basically flat. So, wassup?

Iraq and oil, not that they are related...

 

[tsptalk]

Another bear flag breaks upward? This was the one that worried me, too. Good sign.

 

[tsptalk]

I wonder how much of today's late rally in U.S. stocks and drop in the dollar the TSP will give the I-fund? EAFE was up 0.22% without it.

 

[tsptalk]

We're seeing a little stalling in the indices but that's to be expected after 6 consecutive positive days. The small caps may be producing a negative reversal day, but it's early and that can be erased by a strong close.

The one concern I see is in the Transports. It's showing a potential double top or lower high. Every 2 to 3 day dip has been a buying opportunity in the transports since April, so one down day means nothing - unless this turns out to be a lower high. There is a lot of support below so it may take some kind of geopolitical event (Iraq?) to break down this chart.

 

[tsptalk]

The German DAX looks a little troubling.

Daily:

Weekly:

9800 or 9250?

 

[Scout333]

Market Update 6-27-2014

Stocks falter on DuPont outlook
Markets blissful as trouble mounts
Why stocks are setting records

Well that settles that! From one extreme to the other. Now I know what to do? Not?

 

[tsptalk]

Sounds like it will be a wild close. Russell Index rebalancing occurring at the close. There may not be a lot of movement, but volume will spike.

 

[tsptalk]

Looks like the bears decided to head home early and beat the traffic after the jobs report.

 

[weatherweenie]

Looks like the bears decided to head home early and beat the traffic after the jobs report.

It can't go up forever, or can it?