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  1. Just Another Typical Day on Wall Street

    by , 06-23-2011 at 08:36 PM (Coolhand's Market Analysis)
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    Call it a modern day Greek Tragedy. After a hard gap down to start the trading day, the major averages appeared to be ready to retrace recent gains as the global economic morass continued to weigh on sentiment. Of course, late day revisions to our own economic outlook as presented by the Fed Chair yesterday hadn't been fully priced in either.

    Prior to the open, news that the latest initial jobless claims number had risen to 429,000, which ...

    Updated 06-23-2011 at 08:53 PM by coolhand

  2. Slight Change on AutoTracker Standings Pages

    by , 06-23-2011 at 10:33 AM (TSP Talk Blog)
    Rule update is in red:

    We now have over 800 accounts on the AutoTracker, although some are not being displayed because of inactivity. Being "active" on the AutoTracker simply means logging in. You don't have to make any IFT's. You just need to sign into the AutoTracker occasionally so we know you are still around.

    Here is a breakdown of penalties for inactivity. If you haven't logged in for:
    • 60 days: You are ineligible for prizes
    • 90 days: Your account
  3. Discuss Market Comments 06/23/11

    by , 06-22-2011 at 09:57 PM (TSP Talk Blog)
    TheFed Flop - Stocks opened lower yesterday but stabilized quickly and the indices were in positive territory until... The Fed. The Dow lost 80-points and all of those losses came after the 2:15 ET FOMC announcement...

    Current Daily Market Commentary

    Market Commentary for 6/23/11
  4. Listless Trade Ends in Moderate Sell-Off

    by , 06-22-2011 at 07:03 PM (Coolhand's Market Analysis)
    The major averages didn't stray too far from the neutral line for a good part of the trading day today as market participants waited for the release of the latest FOMC Policy Statement. When the statement came it showed that FOMC board members had voted unanimously to keep the fed funds target between 0.00% to 0.25% and reiterated that low levels will continue for an extended period of time. The Fed also plans to complete its $600 billion purchase of longer-term Treasuries by the end of June. ...
  5. Grease (Greece) is the Word?

    by , 06-21-2011 at 10:03 PM (Coolhand's Market Analysis)
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    Yesterday I tried to convey a bullish bias that I believed the charts were suggesting, although some charts were decidedly bearish (NAHL, NYHL, and BPCOMPQ). I didn't want to go too far out on limb though as this market was not moving higher in a convincing fashion. Today was a bit more convincing as the S&P 500 jumped +1.34%, while the DOW and Nasdaq posted 0.92% and 2.19% gains respectively.

    Perhaps the big money is finally front running ...
S&P 500 (C fund)
Dow Completion (S fund)
EFA (I fund)
Bonds (F fund)