WOW! I made about $50 yesterday. Big money on the way. Jumped up about four on the tracker. Look out Nsurf9.........
May the force be with us.
Right now we have a short rally monkey. I'll take a short ride on the train.
May the force be with us.
WOW! I made about $50 yesterday. Big money on the way. Jumped up about four on the tracker. Look out Nsurf9.........
May the force be with us.
Tom's analysis has me wondering if it's time to bail, but if I do, I won't have any IFT's left for August and I still (feel, oops) like we have some upside. Biggest issues on my radar (Russia, hurricanes, Iran/Israel, economic data, the other shoe drops). But that wedge looks ugly and if C and S push up today, that could be it for a litle bit. On the other hand, everyone is bearish which often means we have a great following week. Last year August was big and this year, it's doing well. CP said that if S was up bigtime, he was moving to G. What to do, what to do...
FS
FogSailing
Try to learn something about everything and everything about something.
Well apparently I was way off when tabulating what I thought yesteray's gains were compared to the others.
When you compare .41% to -2.29%; -.26%; -.16% it looks way better.
I say this only because CP's returns compared to the other FUNDS are all the more outstanding. Pretty hard to ignore his lead if you're into short term trading.
While S still has some room to the upside to reach the 50 DMA, the C Fund has pierced to 50 DMA. The question is whether there is enough strength to continue the move up and establish a new channel. With banks/financials hurting, it will be up to the other sectors. Tech is doing well, and oil seems to be headed back up and TRANS is mixed..Given the inflation data, I would expect the FED to raise rates at some point..Think I'll just chicken out and head back to the Lily Pad..
FS
FogSailing
Try to learn something about everything and everything about something.
With the market the way it is I have learned that it is better for me to keep my toes in the water (10-15%) than jumping back onto the lilly pad (this enlightenment has happened just recently). Until the market starts a strong drive up I have become content to earn 30 to 100 dollars a day. And it does not hurt if I lose 50 to 100 dollars a day over a couple of days. A lot less pain at a couple of hundred compared to a $3000.00 loss (in one day) I had a late last year. It is always easier to pull back small amounts with 2 IFT's than decide should I wait it out and get hammered.
May the force be with us.
Nasa, read your post too late..No more moves for me until Sept..Good ole Lily Pad...
FS
FogSailing
Try to learn something about everything and everything about something.
Ops X week has proved to be interesting. Will next week bring in the bulls or will the bears capture the camp and feast on our remains. The last two weeks of August will be very interesting. Lets hope resistance is futile. There is actually someone out there predicting that oil will fall below $100 and settle out somewhere between 30 to 50 dollars a barrel. Here is the link: http://seekingalpha.com/article/9110...0?source=yahoo
May the force be with us.
Here is some information about BGI. It was on Govexec.com. http://www.govexec.com/story_page.cf...dcn=todaysnews
"At a monthly meeting of the Federal Retirement Thrift Investment Board, officials pointed to the results of a report released last week by Buchanan, Ingersoll and Rooney, which said TSP assets would not be damaged in the event of insolvency at Barclays Global Investors, manager of the plan's funds.
"TSP funds are held under a true trust arrangement," said Thomas Emswiler, general counsel for the TSP. "Even if BGI were to experience financial difficulty, TSP funds would be safe.""
So how concerned do we need to be? If you read farther into the article it is recommended that maybe we should all be in the "L funds".
It is also mentioned that they are going to renew the contract with BGI.
"Andrew Saul, chairman of the board, suggested that TSP officials talk to BGI about guaranteeing the make-up of rogue trading losses when the agency renews its contract. "This is a thing to indemnify us," he said."
HELLO!!! NO!! How can the contract be renewed with BGI with all the losses it has dropped on us???? How much is the FRTIB being paid????? With some of the other posts on this MB it sure looks like BGI is cutting our profits to make up for their losses.
Sure would be nice to get some answers from FRTIB. But we know that won't happen will it?
May the force be with us.
Nasa, Thanks for the post. Your always so informative to read.
I have a question to ask of you; Why do you believe that the BGI
dropped loses on us ? I'm curious and might be missing something.
Within my thread, I recently posted some interesting information
which provides substancial proof that the TSP Funds have not lost
anywhere near the Indexes and ETF's which are to reflect their
returns. In fact, we have outperformed them. With that said, their
still the Biggest Group of Idiots around.
Unless they are exercising an option to renew or extend under an existing contract - and I don't remember the execution date of the existing contract or if it included such options - they can't just "renew" the contract. An RFP has to be issued for contract proposals, it has to go through the competitive bid and acceptance process. XL-ENT Lady can give more information on this if anyone is interested and she has time to explain. The RFP is available on the TSP site and you can get a copy of the existing contract (redacted) via FOIA.
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EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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