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It wasn't a gap and go kind of day, but in spite of the volatility buying eventually outweighed selling as the major averages posted decent gains for the second day in a row.

Yesterday I mentioned that while gold fell 1.4% yesterday, Treasuries were relatively flat. I surmised that the out-sized gains we saw in the stock market didn't appear to be correlating to an equal sell-off in gold or treasury action.

I should have waited one more day because gold fell a whopping ...

08/24/11

Stocks were due for an oversold / overly bearish sentiment bounce and yesterday we got it. The Dow gained 322-points and the trick now will be for the indices to follow-through and take out some resistance.

For the TSP, the C-fund was up 3.43% yesterday, the S-fund jumped 4.23%, the I-fund gained 2.41%, and the F-fund (bonds) lost 0.31%.

As I mentioned yesterday, it could be that we are going to trade in ...

Perhaps it was inspired by a meeting currently in progress at Jackson Hole, WY, or more to the point, by a perceived Fed rescue, but whatever the reason today's action caught the bears off-guard as a seemingly innocuous open turned into a full blown bullish assault that saw the major averages post hefty gains across the board. At the close, the DOW had rallied 2.97%, the Nasdaq 4.29%, and the S&P 500 3.43%.

During the course of the rally ...

The dangers of trying to pick a bottom are obvious in a bear market - but here's the problem with not trying to pick a bottom. Remember this time last year? Market pops on Sep 1 and the boat left without the bears. It wasn't until November that there was any real opportunity... unless you chased.

08/23/11

Yesterday we saw another early morning rally fade quickly. The 200-point rally turned into a 37-point gain in the Dow by the close as either buyers shied away, or sellers stepped in. Volume was very light again as vacation time gets into high gear.



For the TSP, the C-fund added 0.02% yesterday, the S-fund slipped 0.13%, the I-fund was up 1.06%, and the F-fund (bonds) lost 0.12%. ...