Today's Comments (Short Term Outlook)                             Printer friendly

Ho hum After all of the volatility, yesterday was rather tame, and not much has changed.  The market could have tanked, but it didn't.  It could have held on to earlier gains but couldn't.  Not much to go on. The smart money - OEX put/call options traders - did get pessimistic yesterday giving us the lowest one-day reading (middle graph) since November, but that is a very short-term indicator and could turn around in a day.  The 10-day moving average below that, looks out a few more days and while it's current reading is comparatively high when looking out over the last year, it is moving down.  The smart money is getting more pessimistic, at least in the very short-term.                                    Chart provided courtesy of www.decisionpoint.com  The only other thing I want to add is that we are coming to the end of February, the only month between November and April that does not have a strong seasonality record.  March is much greener historically, but we are in a bear market and we don't want seasonality to play too much of a role in our decisions at this time.                                                                       Chart provided courtesy of www.sentimentrader.com Try the new Windows Vista Sidebar Gadget for TSP fund quotes by the Reed Consulting Group.  See the fund quotes right on your desktop.  Pretty cool.  Requires Windows Vista. That's all for today.  Have a great day, and please check back with us tomorrow. Have questions?  Visit our message board for answers.  Would you like to be on our email alert list?  We will send you an email when there is a change to our asset allocation or market outlook.  Your email address will never be given out.  Read our privacy policy.  By signing up you agree to the TSP Talk Terms of Service.  More details below **. Are you bullish or bearish?  Join the Weekly Sentiment Survey. Like what you're reading?  Tell a Friend about us.