Thread: Market Talk June 6-10

The Kingdom of TSP

Sunday Edition

Market News, Doodles, Tea Leaves, & Yak Date: June 6, 2005


Market News.

-> http://www.briefing.com/Silver/InBrief/PageOne.htm
-> http://www.money.cnn.com/markets/morning_call/

Market Talk: Krude out of the can...again! Growers bicker about market outlook. Weak hiring and high crude caused a Friday speed bump consolidation. However, techs may come to the rescue to add a rainbow to the squabble line. Semi's sighted on some of the kingdom high roads. Musketeers asking for volunteers to chase Horsemen. Interested persons can contact deputy Pry at the constables office. Local JP Will be hiring renowned bear hunter Birc, and can hopefully keep the Horsemen from eluding the musketeers. However, volunteer turn out was skimpy as folks stayed in the G shed.

Elsewhere: Mr. T the CEO of the local rag was busy stashing away a percent of recent loot in an old mattress. W-girl figured out how to get the sardines back in the tin. Local cowboys also returned to the shed after being bounced by the bulls, but they should be back shortly, cause Granny has some cure-all liniment.


Doodles, and Tea Leaves.

Doodles:
S&P 500 (Index)
Closing at 1196.02, dn -8.27
CMF (money flow) at 0.269, dn
RSI (strength) at 57.1, dn
MACD (trend) at 8.39, dn, bullish.

Nymex (Crude oil)
Closing at 55.03 up +1.40 (above 55 = jitters).

Attachment: S&P (3mo) chart ending 06-03. Added: 50dMA, P-SAR, RSI, MACD, and notes.

Tea leaves: Green


Yak.

Remarks: Holding 0/100 (60C, 40S). Trailing stop at 1180. Primary movement still bullish, and holding in channel.

Returns on TSPfor the past three weeks: G=+.03, F=+.10, C=+.46, S=+.85, I=+.28

Additional Market Comments

At times rumors fly like a cave full of bats. Investors need to rely on basic fundamentals and technical analysis, and a dash of news to see where the current talk thinks we're going!

I've listed some of the fundamentals I use. Willing to share, and also see what else might be available.


Market Watch News & Commentary:

http://www.marketwatch.com/news/stor...90DE03D20FD%7D


Fundamentals:

Economics:

http://www.bea.doc.gov/bea/dn1.htm

Consumer Confidence:

http://www.conference-board.org/econ...confidence.cfm

Price Index:

http://www.bls.gov/cpi/home.htm

Retail Trade and Food:

http://www.census.gov/svsd/www/fullpub.html

Unemployment:

http://www.dol.gov/opa/media/press/eta/ui/current.htm

Production:

http://www.federalreserve.gov/releas...nt/default.htm

Rgds, and be careful! Spaf

Spaf,

Great group of links. Lots of usefull information in there. '

Thanks man

Veteran,

Are you holding your position tight or playing with the pistols? Can you feel the ground starting to rumble yet - I think we got a BIG one on the way. We'll see what Greenspan has to say to the Chinese in his question and answer session coming up sometime this week. Hope you had a good couple of weeks. Take care

Dennis

Veteran,

Are you holding tight to your positions or playing with the pistols? Can you feel the rumbling under your feet - we got a BIG one on the way. Greenspan talks eith the Chinese some time this week and has a question and answer session with them. Maybe he'll say something memorable - hope you have had a number of good weeks since the 4/20 bottom. Take care

Dennis

I want to mention something that you should currently want to pay atttention too...

Thecurrent S&P trading range is on the high side and narrow....that should tell you something.......

its not on the low side.....:shock:

Bottom lines are inching up every day.....but the top line hasn't really moved and it likely won't try to for the next several months....even then we are still in debate about it going up at all......I think that will be determined with the lack of or news of good economic data by that time.....:^

:dude:

The Technician wrote:

I want to mention something that you should currently want to pay atttention too...

Thecurrent S&P trading range is on the high side and narrow....that should tell you something.......

its not on the low side.....:shock:

Bottom lines are inching up every day.....but the top line hasn't really moved and it likely won't try to for the next several months....even then we are still in debate about it going up at all......I think that will be determined with the lack of or news of good economic data by that time.....:^

:dude:

yep...it is wound up kinda tight!

see that cup and handle on the lt chart.... http://finance.yahoo.com/q/bc?s=%5EGSPC&t=my

WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!

teknobucks wrote:

The Technician wrote:

I want to mention something that you should currently want to pay atttention too...

Thecurrent S&P trading range is on the high side and narrow....that should tell you something.......

its not on the low side.....:shock:

Bottom lines are inching up every day.....but the top line hasn't really moved and it likely won't try to for the next several months....even then we are still in debate about it going up at all......I think that will be determined with the lack of or news of good economic data by that time.....:^

:dude:

yep...it is wound up kinda tight!

see that cup and handle on the lt chart.... http://finance.yahoo.com/q/bc?s=%5EGSPC&t=my

WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!

That is not a cup and handle.

Duration is incorrect.

Duration: The cup extended for about 3 months and the handle for about 1 1/2 months.

Tekno......

Those cup and handles are ok if you are expanding the economy.....I like in particular the expansion since the mid 70's over the technical's such as computer and blah blah blah that go with it.....but if you look a little to the left, I see a lot of cup and handles that didn't go anywhere.....currently, this is a strong possiblity...since we (US companies) have nothing to expand our economics world wide.......and even then given the new world market with NAFTA and maybe CAFTA, it wouldn't effect our population pocketbooks as much....

Personally, I'm looking to energy to make our day......in 60 years....:shock:

:dude:

For a cup and handle break out the duration is incorrect.

Plain and simple.

BTW the market is sinking like a rock.

Surprised?