BooDog's Account Talk

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Volatility.

moved some back to G. Now 5% C, S & I, 85% G

I can move the rest to G if we keep moving up, but can't add till September. Buggers!
 
BooDog said:
Volatility.

moved some back to G. Now 5% C, S & I, 85% G

I can move the rest to G if we keep moving up, but can't add till September. Buggers!
Click to expand...

100% G July 24th

10% each C, S, & I 70% G Aug 6th

5% C, S & I, 85% G Aug 13th

Down 767-points on 8/05, up 312 on 8/06, up 371 on 8/08, down 391 on Monday, and the latest turnaround Tuesday pushed the Dow up 373 yesterday. Are we having fun yet? Have you got it all figured out? Easy, right? Welcome to the headline driven market, which seems crazy, but if you pull back a bit, there is a picture being drawn. https://www.tsptalk.com/comments.php

I know some would say I could be much more aggressive. I do believe in locking in the green and agree I should be more aggressive. Lately though I've been seeing a lot of the majors forming pennants that could go either way, in a vey big way.
Now I'm locked out till September no matter what happens. 5% CS&I can go with it unless I see the need to pull that as well.

So, thanks to Bquat, coolhand, whipsaw tsptalk and others for helping me with the overall picture in aiding my own decisions. I know I was buying when some were selling & vice versa. The next couple days should help with that picture.

Best to all!!
 
BooDog said:
My flat line is around 2740 - 2760 for the SPX.

The bears are trying like crazy to kick the bulls where it counts. And the media is playing right into it as well blowing every bit of news out of proportion.

Look at gold starting to hit 2012 resistance. https://finviz.com/futures_charts.ashx?t=GC&p=m1 and the banks doing their thing as well. The SPXN coming into a wedge https://finviz.com/quote.ashx?t=SPXN
All in all I see a very good potential to see double bottoms near 7k on the NASDAQ https://finviz.com/futures_charts.ashx?p=d1&t=NQ around 2700 on the S&P https://finviz.com/futures_charts.ashx?p=d1&t=ES and even a double bottom around 25000 for the DJIA. It could hold its support around 25500 but who knows. If those support levels break we're looking at possibly going under 24k. Take a look at longer term trend lines and those support levels stick out a little better imo. I'm certainly not a qualified analyst or advisor. Not expecting all this to happen overnight, just like the bull market there are up and down shorter term trend lines. And I'm betting on a decent bounce soon. I was neutral to bullish but starting to have my doubts.

But, if the bulls can somehow start squashing the bears then they can turn this around in a hurry.

Better news...
"UK wages rise at fastest rate since 2008, but unemployment also up:" Morning Brief
Click to expand...

Just putting this here so I don't have to keep searching for it.

Heading out, should be back 2nd week in September!
 
$IBB & $XBI look to be getting the starts of a pinch. If it squeezes it may take many bio's along with it.

Too bad $TRAN still looks like crap but we could still see a market bottoming soon. Many ETFs pushing the oversold buttons. Maybe some morning stars tomorrow then take off???

updownupdownupdown:nuts: Green now but this volatility is nuts.
 
15% C&S 10% I cob today. See how much trust I have for next week? If this was just a bull trap I want powder standing by.

Cheers!
 
100% G cob today.


Who know what'll happen with this volatility. But I'll take this push (IF IT STICKS) to break even or maybe a little ahead with my small move.
 
Broke even with a gain hardly worth mentioning. Paydays are still going to C S & I.
See how the volatility plays out. Still have 1 move left.
 
Small bite 5% C S & I. 85% G at COB from 100% G.

See how she goes. Even with my thinking that the S&P still has A LONG way to a solid bottom.
 
COB today, 100% G. If it looks like a duck....


Anyway, who knows what's in store for the next week or so. Have 1 move left whatever happens.
 
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