bmneveu's Account Talk

[bmneveu]

This morning is giving me a strong urge to exit with some nice gains for the month! Should I stay in and ride the momentum? Or get out for the weekend and wait for a dip to buy?.... Aghhh it's tough getting out when it's been so positive lately! I usually end up getting cold feet at the noon deadline and leave my money in on days like these. But this is the 4th time since the major drop off that we've seen a rally like this, and it always sells right around this level. I hate decisions....

 

[cak165]

This morning is giving me a strong urge to exit with some nice gains for the month! Should I stay in and ride the momentum? Or get out for the weekend and wait for a dip to buy?.... Aghhh it's tough getting out when it's been so positive lately! I usually end up getting cold feet at the noon deadline and leave my money in on days like these. But this is the 4th time since the major drop off that we've seen a rally like this, and it always sells right around this level. I hate decisions....

I'm in the same position, wondering whether I should pull the trigger or wait it out to see how next week unfolds with the majority of earnings coming in. I hate these IFT rules, they tie our hands unfairly. What's this, the 5th time we bumped against the 1220 level and rolled over?

 

[bmneveu]

I personally have 5 positions posting earnings next week in WFC, KO, AAPL, BIDU and SLB. I'm worried about WFC after seeing JPMorgan's report, but I think the rest will get nice bump ups. We should see a positive week coming if the market rides the earnings reports. I'm young, I think I'll stay in

 

[bmneveu]

Well I was right on 2 points I made last Friday -- WFC's stock slid on earnings report today, and I should have IFT'd out before the weekend. Let's just hope the rest of my predictions are correct in that the rest of the week should be far more positive than today!

 

[cak165]

Well I was right on 2 points I made last Friday -- WFC's stock slid on earnings report today, and I should have IFT'd out before the weekend. Let's just hope the rest of my predictions are correct in that the rest of the week should be far more positive than today!

Sigh...I had the feeling that I should have exited on Friday as well but let's hope this move is temporary, I don't see any major changes except the German spokesperson for Merkel saying this is going to take a while. Crazy market!!! In any case, I am going to ride it few more days, I have to think earnings from AAPL and the big techs/industrials should be enough to keep the markets from cratering in the next couple of days...

 

[bmneveu]

Still 100% S fund. The S&P is currently sitting just above the 1223 resistance level that's kept us in this trading range. I'll probably IFT out if we bounce off it and head lower Monday. However, if we have an up day coming out of the weekend.. Look out above!

A few guys I'm looking at are:

Momentum/Growth: RL, AMZN, BTU, ANR, V, ATVI, BTU, ANR, QQQ
Defensive/Dividend: PNNT, T, VZ, XOM
Speculative: TBBC

Some of these are in nice dips, and some still need to dip before I'll consider buying.

 

[Birchtree]

I'll take all the coal I can get for Christmas. And don't forget the trains that haul the stuff.

 

[bmneveu]

My iPhone app shows the DWCPF up by 4.24% the the time of writing this.. does the S fund follow this more or the W4500? Either way, the S fund is up big this morning. I'm considering an IFT out to take a breather and wait for a dip, but i'll take it down to the wire.


edit: fixed the ticker symbol that my app follows

edit 2: it appears the app was just glitching, not showing the correct %, lol. it is still up a hefty 2.4% however

 

[bmneveu]

On the flip side, we broke out of that trading range pretty strong. it appears we are heading straight up in the near future as long as negative european headlines dont play a factor!

 

[nasa1974]

I'm considering an IFT out to take a breather and wait for a dip, but i'll take it down to the wire.

I'm on the fence. I feel like jumping onto the lilly pad also, but I went back and looked at similar train rides this year and it looks like there could be 1-3 more days of prosperity. If this day holds I will be "this close" to getting back to zero on the tracker. :worried: What to do, what to do?

 

[bmneveu]

I'm on the fence. I feel like jumping onto the lilly pad also, but I went back and looked at similar train rides this year and it looks like there could be 1-3 more days of prosperity. If this day holds I will be "this close" to getting back to zero on the tracker. :worried: What to do, what to do?

I agree with you in that if I weren't negative on the year, I'd almost certainly be getting out of the game today

 

[nasa1974]

50% correction on the S fund numbers even though the charts haven't changed. ????????

 

[bmneveu]

Yea, I guess it was just the % that was being displaying incorrectly. Weird

 

[bmneveu]

Even though the S fund chart looks super sexy today, I can't make an educated decision before noon on closing prices in such a volatile market. Looks like I'm stayin' in.

 

[Bquat]

Yea, I guess it was just the % that was being displaying incorrectly. Weird

Yea made me think I missed 4% gain and I still might.

 

[bmneveu]

Just now sold USO for a 11.5% gain. Will look to get in again when WTI drops to 80ish again.

 

[bmneveu]

At this level I'm +/- 1% to flat on the year. I may look at taking a bit off the table here in the next few days.

 

[bmneveu]

I have a feeling today's flat trading is a very bullish signal for the short-mid term. Everyone thought there would be profit taking, being Friday and after such a strong rally. There definitely was, but the trading range was so small and the Dow actually closed in the green. I was expecting around a 1% loss in the S fund today and it appears we're gonna lose about .2%. This just gives me a very bullish feeling going forward.

 

[Birchtree]

I think some panic buying on Monday would be a delight. The Fed is now buying MBS when their treasuries mature - this is what they did with QE1. Bring in QE3 to buy other assets along with MBS and this market will explode. They are going to push the bond folks with their Operation Twist into risk assets like stocks. By opening up the purchase program to other asset types such as stocks and corporate bonds there could be multiple benefits to the marketplace and the economy as a whole by lowering the cost of capital structures for companies. It's time to remain fully invested.

 

[bmneveu]

Is this a dead cat bounce that I need to get out on, or the beginning of another strong rally? Hmmm