bmneveu's Account Talk

[bmneveu]

Volatility is so high now, one of these days we are going to have a huge up day. It would be nice to capture that with a quick IFT, but betting on a dead cat bounce is a dangerous game. For now I'm still on the sidelines, but getting itchy.

 

[bmneveu]

Fear/Greed Indicator is in extreme fear territory. Markets are quite oversold. Buying opportunity, went 100% C Fund.

 

[Bullitt]

I'm assuming this is in the hopes of a quick bear rally before transactions are suspended?

 

[bmneveu]

[FONT=&quot]$TRIP[/FONT][FONT=&quot] chart looking bullish for a reversal to the upside. Targeting a gap in the $33-34 range. [/FONT]https://www.tradingview.com/x/K355BrV1/

 

[bmneveu]

2023 was wild. Completed my first WESTPAC deployment. TSP hit 6 digits for the first time. Back in Hawaii now and it's been tough to be as involved in the market out here due to the time difference. But I've let my accounts ride the S&P 500 and it was a pretty great year for that. I'm starting to get the itch to look at some charts again. Not sure I even remember how though!

 

[tsptalk]

Welcome back, Brad!

I hate the Pacific time zone. Can't imagine dealing with Hawaii and the market.

 

[bmneveu]

Fear/Greed Indicator is in extreme fear territory. Markets are quite oversold. Buying opportunity, went 100% C Fund.

I haven't used an IFT since this transaction on 5/19/2022. It's been a good run. I've noticed the S Fund outperforming the C Fund lately and I can only deduce that it is politically driven. I think the market is pricing in a republican win that would be good for stocks, so investors are moving to the more volatile but potentially more profitable small caps. I think I agree and am strongly considering my first move in 2+ years. Will update if I do.

 

[bmneveu]

Still holding strong in the C fund. 26% last year and 28% this year is pretty nuts. This buy and hold thing has been working out. And its easy too! That said, I still have a separate small trading account to scratch that itch of timing the market.

Got orders to PCS to Maryland in June/July next year. Will be nice to be back on the east coast where the market hours are actually when the sun is up!