Bquat's Account Talk

[RealMoneyIssues]

You mean today right? It could happen. For you I hope touch and go. For me I hope touch and drop. You know what? Since bonds are following stocks by 50% lately, maybe a pop will be good for the F fund too. Reverse QE is something, isn't it?

No, I expect touch and drop.

The end of outperformance in bonds likely means a move higher in equities. Everyone was waiting for the massive climactic sell off and we had it in one day - very typical of bull market action. We are seeing the turning point right now.

If that were true, stocks would have already popped on all the money from bonds... There are too many people in cash right now because the equity markets look vulnerable and the bond market was taken to the woodshed...

 

[Bquat]

This is a test of the 50 day and it wasn't a touch and drop. Did we dropped out of the high base EOD? Is this becoming a flat top?:worried: I don't know but resistance is strong. The top followed the 13 day. 20 day is ready to cross 50 day.

 

[Bquat]

Yes the market is looking like it wants to make a bull flag, but with the 20 crossing the 50 today, I don't trust it. Do you?:notrust:

 

[Bquat]

Hopefully this is an exhaustion move with a topping tail sale signal.:blink: It is another lower high and the 13 day is still holding as resistance.

 

[Birchtree]

I don't think so - this market wants to roll forward and we got the rest of the day for positive action.

 

[Bquat]

I don't think so - this market wants to roll forward and we got the rest of the day for positive action.

I don't think so - this market wants to roll into a bull trap and we got the rest of the day for negative action. I'm just being contrary to be contrary. Just watch what happens now right after the deadline.

 

[Bquat]

It's official. Small death cross which shows us in a midterm bear market. Do you see the post deadline move Birch? I think our own fund managers may have bought just to full TSPers to buy. Only 30% of our guys bought into it. TSP Talk AutoTracker Maybe I'm too paranoid but that was right at the deadline.

 

[Bquat]

I don't think so - this market wants to roll forward and we got the rest of the day for positive action.

Birch the market is so willing to please you. I still trying to be right. Who's pumping?:suspicious: Testing the 13 day one more time before falling.:notrust:

 

[Bquat]

I will no way Birchart this for you Birch::notrust:

 

[Bquat]

The 13 day held, the 13 day held, and yes the 13 day held. Not often do you see the tops of candles to settle right back down to a moving average. Monday starts a short week. Traders will take Wednesday afternoon to Monday off for an extended 4th of July weekend. Might be big moves Monday and Tuesday and maybe a holiday trend reversal down. Today surprised me. You?

 

[Bquat]

Trying a new range thing. 50 day should be strong resistance. If we break it the midterm becomes bullish. If the bottom red line is broken longer term becomes bearish. Right now we're in short and midterm bearish with some support longer term right at this level. I'm expecting support in the long term to break down also since the 20 day crossed the 50 day. We could bounce a little with 70/30 chance that the 50 day is too strong to be broken.:worried:

 

[uscfanhawaii]

Trying a new range thing. 50 day should be strong resistance. If we break it the midterm becomes bullish. If the bottom red line is broken longer term becomes bearish. Right now we're in short and midterm bearish with some support longer term right at this level. I'm expecting support in the long term to break down also since the 20 day crossed the 50 day. We could bounce a little with 70/30 chance that the 50 day is too strong to be broken.:worried:

So I can't really tell what your bottom line is....are you bullish or bearish for next week?!

I am currently all in, and looking forward to a very bullish 4th of July!!

 

[Bquat]

So I can't really tell what your bottom line is....are you bullish or bearish for next week?!

I am currently all in, and looking forward to a very bullish 4th of July!!

I am bearish looking for support to break down. I don't expect the red line to hold.

 

[Birchtree]

1626 is a nice pop - buy now. Don't wait for even higher prices.

 

[Mcqlives]

The 13 day held, the 13 day held, and yes the 13 day held. Not often do you see the tops of candles to settle right back down to a moving average. Monday starts a short week. Traders will take Wednesday afternoon to Monday off for an extended 4th of July weekend. Might be big moves Monday and Tuesday and maybe a holiday trend reversal down. Today surprised me. You?

This is the pop I thought we would get...next week. Now you have to flip your 1% line over!

 

[Bquat]

This is the pop I thought we would get...next week. Now you have to flip your 1% line over!

Been there done that.:embarrest: I think this move may be over. As a guy that has no idea as of late of what this market may do, I may hesitate to tell you that. I am bearish and may be absolutely wrong. Let's just say that "I'm right until I'm wrong" has just changed to "I'm wrong until I'm right". So what now?

 

[Mcqlives]

Seriously, This is great for me because I have been riding this out...but now we are in a holiday week where, if I choose to get out, I have to make my move tomorrow morning (I think I am right in stating this) and stand a higher chance of missing out if the jobs report comes in good on Friday. Or I stay in and stand the chance of losing big if the jobs numbers come in poor. Non farm payroll is key even more so than normal.

 

[Bquat]

1626 is a nice pop - buy now. Don't wait for even higher prices.

Not yet for me but hope you're right for others.:notrust:

 

[Bquat]

Seriously, This is great for me because I have been riding this out...but now we are in a holiday week where, if I choose to get out, I have to make my move tomorrow morning (I think I am right in stating this) and stand a higher chance of missing out if the jobs report comes in good on Friday. Or I stay in and stand the chance of losing big if the jobs numbers come in poor. Non farm payroll is key even more so than normal.

Sorry guy I'm in denial right now. At the sign of the economy improving unemployment numbers should go up a little as more people reenter the work force with the job prospects and this may help QE by making unemployment look worst even though it isn't. Can I have a refund on my two cents?

 

[Bquat]

Time to make some coffee.