Thread: MARKET WATCH

Well for once the market did exactly what I predicted and hoped for. I will be glad to take small consistent profits. I changed my allocation from 100% C to 70%C and 30%S for tomorrow. I hope Mr. Greenspan in his comments tomorrow afternoon does not cause panicselling. Wish I knew before hand what he was going to say about oil and gas. I hope the smart money has all ready taken into account that he will mostly repeat what he has said in the past month. I do not like the I fund this week at all. Europe is happy with the Euro down and Japan likewise with the Yen. If oil and gas reserves are better this week than expected and the price of oil drops, we should see a decent rally in the C & S funds. I may gamble on the I fund for Monday of next week if up enough for the week in the C & S funds. Good luck to all, no matter what your strategy is. I usually invest with my gut feelingsplus taking market comments into consideration, but no matter how you do it, it is still high class gambling and as in gambling it never hurts to get lucky!!!!

You know I watch new highs and new lows. In looking at them today, I know why I like the C fund for now.

NYSE Nasdaq

New hi's 69 45

New low's 32 101

Based on this data, there still is a flight to quality. NYSE 2:1 positive, Nasdaq 2:1 negative. Also, the same is true for advancers and decliners. NYSE positve the last 2 days & Nasdaq negative. Only up volumn has been positive on both. When all 3 turn positive we will head for a new high. Just me talking to me self.

Well as I was writing this post Advancers just passed decliners on the Nasdaq. Now we need some follow thru the last hr today and tomorrow.

:^ Well, I guess we got lucky so far today as all 3 of my gages are positive. Advancers vs Decliners are better than 2:1 on both the NYSE & Nasdaqare up vs down volumn. New highs on the NYSE enjoy a 5:1 ratio over new lows and the Nasdaq has turned the corner being slightly positive for new highs. Nasdaq volumn is ahead of the NYSE which has boded well for the S fund. Thinking the market may take a breather tomorrow.

CSI wrote:

Thinking the market may take a breather tomorrow.

Oh yeah, after today's ramp up it definitely needs to rest. :?

Now there is a lot we could do to improve our positions!

Anheuser-Bush Co [BUD] lost 3.2% in the 1st quarter of this year. That's not good!!!
Domestic beer sales reportedly fell 2.7% to 24.4million barrels.

Now lets all chip in here! Spaf

Well, the Nasdaq fizzled. The S&P 500 held modest gains as did the DOW. Alcoa reported lower than expected profit after the bell. Money on the sidelines has yet to come into the market. One positive is that there was last minute buying but I look for the markets to have trouble making much if any headway tomorrow. I'm hoping to catch a gain in the I fund tomorrow and then back to safety in the G fund for the weekend. It will be interesting to see where the market goes over the next couple of days. If I were to stay in the markets it would be in the C fund as it has shown the most encouragement to hang tough.

Spaf wrote:

Now there is a lot we could do to improve our positions!

Anheuser-Bush Co [BUD] lost 3.2% in the 1st quarter of this year. That's not good!!!
Domestic beer sales reportedly fell 2.7% to 24.4million barrels.

Now lets all chip in here! Spaf

Now there's a bearish indicator if ever I did see one! :shock:

Of course I say this as I sit here drinking aglass ofred wine.

Well I was 100%G, and moved into C and S, so if it makes 2 pennies I feel ahead of the game! :^

Today marks the 4th day in a row(3 for sure)that the C, S, & I funds will have finished higher. Where will we go from here?? I still prefer the C & I funds for the short term. I think the dollar will weaken some more over the next couple of days, so if you like playing the I fund it may be a play for a couple of days. Since markets seldom continue an up trend for more than a few days in a row, it may be time to back off a little. The overall condition of the markets have not changed during this week so far. We are still seeing low volumn and what Tom calls smart money is staying on the sidelines. There is still a flight to quality. I think I will stay invested one more day then take some profits made this week off the table.

Market ended in an up beat today, close to it's highs,what does that mean for tomarrow? Will somebody please say something on the board when they think the smart money is going back in or will it happen all at once?

If someone can tell you when the smart money will come back into the market, I want to know also!!!!!!!! If the market can hold current levels, which is a small loss today, then it is 50/50 what will happen on Monday. Tuesday of next week will give you a better indication ofthe directionthe market will be taking.Currently I have no good idea of the short term direction. The key question as to where the market is going is to look into your crystal ball and see what the economic situation will be this summer and fall. If you can tell me that, then I think I might be able to predict a direction of the market with some degree of success. I have my opinions, but will keep them to my self for now.


Tiger is having a tough time at the masters, the Pope died andvolumn is on the downside. There is no way to read at this point the direction the market will take next week, probably more of the same on Monday. IfTiger rallies and wins the Masters, Monday should be an up day. Good luck to all.