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  1. Fed, Global Central Banks to the Rescue

    by , 11-30-2011 at 05:44 PM (Coolhand's Market Analysis)
    While I chose to title this evening's blog with news of the coordinated central bank rescue of global money markets, it was not the only news item of the day. Although I think it's probably the biggest reason for today's massive advance.

    At the open, the market gapped higher and never looked back as buying pressure was sustained with an end-of-day short covering rally at the close, which easily allowed the major averages to close at or near their highs of the day. And those highs ...
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  2. Tentative action

    by , 11-29-2011 at 10:14 PM (TSP Talk Blog)

    11/30/11

    Stocks did not rollover after Monday's big rally, but the market did not exactly follow-through on it either. The Dow closed up 33-points after opening on the downside, and being as much as 100-points up two different times during that day.


    For the TSP, the C-fund gained 0.26% yesterday, the S-fund was down 0.08%, the I-fund was up ...
  3. Consumer Confidence Index Spikes

    by , 11-29-2011 at 05:03 PM (Coolhand's Market Analysis)
    Given how overbought we were after yesterday's advance, a pullback today would have been reasonable. And to some extent that's what we got, although the major averages were mixed overall with the DOW and S&P 500 both up by 0.28% and 0.22% respectively, while the Nasdaq shed 0.47%. That's an encouraging sign in the short term for the bulls, but the S&P didn't close above its 50 day moving average, so it may be a bit premature to celebrate.

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    ...

    Updated 11-29-2011 at 05:40 PM by coolhand

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  4. There's the post-holiday reversal

    by , 11-28-2011 at 08:29 PM (TSP Talk Blog)
    Stocks rallied strongly yesterday as we saw 3% to 4% gains across the board, but the bond market didn't rejoice and that may be a problem. The Dow gained 291-points on the day.


    For the TSP, the C-fund gained 2.94% yesterday, the S-fund was up 3.89%, the I-fund jumped 4.20%, and the F-fund (bonds) gained 0.14% (corrected).


    As we ...
  5. Buyers Pile In

    by , 11-28-2011 at 05:49 PM (Coolhand's Market Analysis)
    After defying the historical odds for a rally pre and post-holiday, the market stayed true to form by reversing its course to begin the new week. And as usual, the retracement was fast and deep.

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    Market strength began overseas, where word of a new eurozone fiscal pact was making headlines. The pact could make financial agreements legally binding and enforceable. There was also reports that the IMF is putting together a financial lending ...
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