350zCommtech's Account Talk

[350zCommTech]

DAX just pushed through resistance.


Tom,

We need more speed....

 

[nasa1974]

Too bad our deadline is not at 3:30 est.

I couldn't agree more.

 

[fedgolfer]

This mornings SPX minor pullback and then launched off 1089 was very bullish. I can see this continuing for another 2% or more.

I obviously should have listened to my charts and stayed in. Too bad our deadline is not at 3:30 est.

from the looks of it, many people are going to sell this rally. I'm looking to get out if we hit the head on the 20 dma or see major crossover on 10/20/50 moving averages. But since March '09, everytime the bull/bear see-saw weights itself on the other side, those short squeezes seem to have a surprise pop -- seemingly at the tipping point of a major techincal point in time. I wouldn't be surprised to see a double top in the s&p. the last time the 20 crossed the 50 to the downside in July, everybody and their uncle went short and we had a huge gap up. Big difference is that July just experienced the Golden Cross, versus around now, bearish crosses are more significant. What chances are you giving the spx price of popping to the upside of the 20 dma on this bounce?

 

[jdphx]

I couldn't agree more.

+1

 

[350zCommTech]

What chances are you giving the spx price of popping to the upside of the 20 dma on this bounce?

We might be seeing the start of a downtrend but I don't think we have confirmation yet. If we are in a downtrend, it would be difficult for the SPX to stay above the 20, since the 20 and 50 are converging. I see it kissing the 20 and then drop.

 

[350zCommTech]

I fund up 25 cents. There was a new +FV of 11 cents.

My lowly F fund made a whopping 1.5 cents. This came on a day when the markets were up big, so I can't complain.:nuts:

I would like to see the SPX pullback a little and test 1090. If that happens, I might make a move to the I fund.

I like the I fund right now because the dollar has room to fall before continuing the uptrend.

View attachment 8153

 

[Bullitt]

Thanks for making note of the histogram divergence. I did not notice that.

 

[350zCommTech]

Thanks for making note of the histogram divergence. I did not notice that.

You're welcome.

 

[350zCommTech]

test

 

[350zCommTech]

The YEN continues to weaken, which is good for Japan. I think we're just seeing profit taking this morning. One concern is the DAX's failure to stay above 5722. The DAX is a good proxy for the USM. I think this is a buying opportunity. 1089 on the SPX should be support.

The I fund is tempting but today's -FVC will limit the chance of getting(or the size of) a -FV for tonight. Also, if the jobs report is better than expected, the dollar will jump and obviously hurt the I fund.

View attachment 8161

View attachment 8162

 

[350zCommTech]

This is a cause for concern.:worried:

Failed on all 3 attempts.

View attachment 8163

 

[clester]

Bear Flag?

 

[350zCommTech]

Bear Flag?

Don't know, but I it's going to try again.

 

[JTH]

Sharp rise in yields this morning what gives?

View attachment 8164

 

[350zCommTech]

Sharp rise in yields this morning what gives?

Better than expected ADP or maybe the printing press is down for lubrication. Take your pick.



The I fund is currently down 22 cents, including last night's -FVC of 11 cents.

 

[350zCommTech]

The dollar is overbought at the moment. We might have seen the lows for today. There's a decent chance of a +FV for the I fund.

As always, these are just my theories, based on my charts. I don't have a crystal ball. Birch is the only one that has a crystal ball.

 

[350zCommTech]

100% S fund.

 

[Guest2]

Wow, no ants in your pants (LoL) :nuts:

 

[Guest2]

What ever the ETF for the (I) Fund shows, take $0.11 TSP Cents off the outcome come 12:35ish. We owe it ! :blink:

ie....$EFDY

 

[Birchtree]

A good move to the S fund - a price of $16.76 would be a nice entry price.