Market Comments June 22, 2009  Current TSP Share Prices

Today's Comments (Short Term Outlook)                            Printer  friendly

Dumb money getting ready to fold? Although the Dow closed down on Friday, the market actually did pretty well as a whole as all of the the TSP funds, both stocks and bonds, closed up nicely. As I mentioned on Friday, I did not want to trust last week's late action as any indication of what is happening out there since it was a quadruple witching Friday and you never know how to read it.  Volume was high, as we expected, but that was options and futures related and had no other real meaning.                Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk One thing I wanted to point out is that the "dumb money" of the Equity and CBOE put / call ratios, are getting close to making their first real lower low after about an 8-month uptrend.  At the same time the smart money of the OEX put / call ratio has positioned themselves very defensively.               Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk Every week is usually important on Wall Street, but this week is of particular interest to me.  I believe we could find out if the intermediate term is about to turn down again, or if we will see another leg up.  Speculation of course, but this could be a very interesting week. I apologize, but I am still traveling and I really hate working on my laptop.  The internet connection is a  lot slower, plus the different style keyboard and mouse makes everything take so much longer.  For that reason I didn't get around to doing much research this weekend, or have much time to write it if I did.  I should be back in my normal routine for tomorrow's commentary although I do have a seven hour drive ahead of me first so, I won't make any promises.  I am also a little behind on email, but I should get caught up by tomorrow afternoon. Thanks for reading!  See you tomorrow!