TSP Talk Sentiment Survey results for the week of 05/30/11 - 06/03/11 Hold: The TSP Talk Sentiment Survey came in at 1.15 to 1 bulls (45%) to bears (39%) ratio. That is a neutral reading so the system's allocation remains 100% S-Fund the week of 05/30/11 - 06/03/11 Bull market rules are in affect since 9/27/10: See latest survey results To discuss or comment on the Sentiment Survey, go to Sentiment Survey Talk The legal stuff:
Holiday Trading - Thursday's action was very similar to Wednesday's in that stocks opened lower, rallied most of the day, but saw selling into the close. The Dow gained 8-points on the day, but the broader indices fared much better... Current Daily Market Commentary Market Commentary for 5/27/11
Oversold conditions, thin trading, and a pre-holiday bias are helping the major averages retrace some of their recent losses.
This upward bias is in spite of the fact that the second estimate of first quarter GDP revealed growth of 1.8%. This is less than the 2% economists were looking for and not particularly good news for the overall economy.
Initial jobless claims rose once again to a total of 424,000 and is well above estimates of 400,000.
3 to 5 day test - Stocks opened weaker yesterday but the market quickly found its footing and headed rallied into the afternoon. The indices moved sideways until the last hour of trading when a strange, short, sharp rally manifested, but almost as quickly as it went up, things settled back down and the Dow closed up 38-points... Current Daily Market Commentary Market Commentary for 5/26/11
I'm running late this evening so I'm going to go straight to the charts tonight.
NAMO and NYMO both moved back into a buy condition today. From the beginning of April you can see the peaks on both charts have been dropping lower. The troughs have too for the most part. This certainly suggests a weakening market, but how much downside can we expect?
NAHL and NYHL didn't move much and remain in
Updated 05-25-2011 at 07:49 PM by coolhand