bmneveu's Account Talk

[nnuut]

I've been saving to pay cash for a new (or "gently used" truck). This virus just might be my blessing in disguise in that regard.

I'm thinking about doing the same thing, my old truck died last year and this is a GREAT opportunity.

 

[bmneveu]

Happy Easter TSPTalk fam. Hope the easter bunny brought you some nest eggs!

 

[bmneveu]

Bullish inverted H&S pattern on AAPL's hourly chart?

 

[bmneveu]

Bullish inverted H&S pattern on AMD's hourly chart. Currently at $48.90 with a price target in the $55 range.

 

[bmneveu]

Bullish inverted H&S pattern on AMD's hourly chart. Currently at $48.90 with a price target in the $55 range.

View attachment 45900

Nailed it!

 

[bmneveu]

Bullish inverted H&S pattern on AAPL's hourly chart?

View attachment 45897

Although I didn't set a price target for this one, AAPL also popped right to where the first target range typically is for a bullish inverted H&S pattern setup.

 

[bmneveu]

Wow, look at the divergence between small and big caps this morning!

 

[weatherweenie]

That hasn't been updated from yesterday.

Wow, look at the divergence between small and big caps this morning!

View attachment 45927

 

[bmneveu]

That hasn't been updated from yesterday.

Now that makes more sense. It is around flat now, closer in line with the other indices.

 

[bmneveu]

The rally from the inverted H&S setup on the AMD chart is making a nice cup formation for a bullish cup & handle pattern. If this plays out, we could see AMD pull back over the next few days, and then take off to the upside. Maybe $65-$70 in a month or two. I do not own AMD.

 

[bmneveu]

Might put The Big Short on tonight...

 

[bmneveu]

Warren Buffett all but guaranteed the market to open lower Monday with these comments:

https://www.cnbc.com/2020/05/02/war...n-in-airlines-because-of-the-coronavirus.html

https://www.cnbc.com/2020/05/02/buf...nts-we-dont-see-anything-that-attractive.html

 

[Rod]

Warren Buffett all but guaranteed the market to open lower Monday with these comments:

https://www.cnbc.com/2020/05/02/war...n-in-airlines-because-of-the-coronavirus.html

https://www.cnbc.com/2020/05/02/buf...nts-we-dont-see-anything-that-attractive.html

We already knew about his selling of the airlines (millions of shares) in early April. So, that is likely already baked in.

https://www.tsptalk.com/mb/market-notables/34336-warren-buffett.html?highlight=UAL

 

[bmneveu]

Transferred money to my etrade account today. Gotta wait a few days for it to clear now, but I'll be buying some companies I've liked for a long time along with some that have been hit hardest by the pandemic.

 

[Scout333]

Always buy when there is blood in the streets! Takes guts however. Lots!:smile:

 

[bmneveu]

Purchases today: AAPL, CCL, DIS, EXPE, HD, JETS, LOGI, MAR, NCLH, RCL.

TSP is still in the G fund, for now.

 

[bmneveu]

Went half into the C fund today. Kept 50% purchasing power in G in case we see another big dip.

 

[bmneveu]

C Fund seems to be the clear choice here if you're going to be in stocks. Outperforming S and I on most days, both up and down. Makes more on up days and loses less on down days. It's not always the case, but seems to be more often than not.

 

[bmneveu]

Channeling my inner Birchtree... Bring on the lower prices so I can buy more!

 

[bmneveu]

The bears were out in full force in the morning, but the bulls have been quite strong since then. It seems like lately any little bit of weakness is getting bought up quickly.