Bquat's Account Talk

[Bquat]

You are more brave than me. I will look at Monday, one last day to do my first IFT for the month. I did a sell in May and go away to G Fund.

Since it's your IFT Day, what would rather see on a Friday afternoon, the market launch upward, flat or a sell-off?

Traders made good profits last year and the year before. This year we are moving more sideways and I feel traders will enjoy a week long 4th of July vacation not worrying about missing gains. So, I'm setting up for an extremely low volume holiday drift up. JMHO

 

[Bquat]

Alright got me entry in there just before it takes off:

 

[Birchtree]

The four trading days next week could be an absolute barn burner.

 

[airlift]

Traders made good profits last year and the year before. This year we are moving more sideways and I feel traders will enjoy a week long 4th of July vacation not worrying about missing gains. So, I'm setting up for an extremely low volume holiday drift up. JMHO

Bquat,

Can you please share and expand on your response to OBXTrader, as a means of gathering more information as to where the market is more likely to go next week. I simply don't have the statistics, or the means of comparing the behavior of traders the previous years during the days before the Independence Day, July 4th Holiday. If someone else, including OBXTrader, wants to pitch-in more helpful information on the pre-holiday trend, please put it out for our benefit. Much appreciated. Thanks in advance.

 

[Bquat]

Bquat,

Can you please share and expand on your response to OBXTrader, as a means of gathering more information as to where the market is more likely to go next week. I simply don't have the statistics, or the means of comparing the behavior of traders the previous years during the days before the Independence Day, July 4th Holiday. If someone else, including OBXTrader, wants to pitch-in more helpful information on the pre-holiday trend, please put it out for our benefit. Much appreciated. Thanks in advance.

I was going on the very low volume lately and a feeling I had as to why it was occurring. I've noticed less volume in the afternoons. As to the pre-holiday trend that is an Oscarism from Live with Oscar where the market will go one direction before the holiday and another after the holiday when volume returns the next week. Usually when volume is low main stream investors are not participating that much and it drifts up as mom and pops buy the drift. I had just my honest opinion at the end because it was my speculation or interpretation on these record lows this year.
To be fair here's someone completely opposite opinion as to market direction next week to me: http://freeonlinetradingeducation.com/broad-market.html

 

[Bquat]

Here's the link to Oscar. He comes up with a new video once or twice a week. They are mostly for futures trading that I don't do but you can get the jest of market direction. I don't follow him as much as I used to. I always look for videos that are free http://livewithoscar.com/Stocks/DailyVideo.aspx Watch him next week and he'll probably talk about holiday trend reversal.

 

[nnuut]

Here's the link to Oscar. He comes up with a new video once or twice a week. They are mostly for futures trading that I don't do but you can get the jest of market direction. I don't follow him as much as I used to. I always look for videos that are free Live With Oscar Watch him next week and he'll probably talk about holiday trend reversal.

I also post Oscar's daily Videos in the Market Analysis section of the Media Forum of TSP Talk, check it out.
Category: Market Analysis - TSP Talk Forums

 

[Bquat]

I see about 1% gain coming this week:

 

[Bquat]

I'm happy with futures movement. Small inverse H&S:
S&P 500 Futures Live Advanced Chart

 

[Bquat]

We may be setting up for the first test of the 5 day from above:

 

[Whipsaw]

Looks to be headed north east, right for that red circle...

 

[Bquat]

I'm playing with rung extensions to line my ladder up with the channel. What you guys think. It would increase the outlook to 2000. I might do it if the up move increases momentum:

 

[Bquat]

I'm feeling a move in the force: TSP Talk AutoTracker now if the market will feel it.

 

[Whipsaw]

I'm feeling a move in the force: TSP Talk AutoTracker now if the market will feel it.

The S Fund appears to be feeling it!

 

[Bquat]

The S Fund appears to be feeling it!

Thanks for the heads up. Everything moving so slow.

 

[Bquat]

Not as much of a change today as I expected:

 

[Bquat]

Preparing my ladder to be 20 day supported:

 

[Bquat]

Testing last high as support three times. This may be more robust than just a low volume drift up. Cross fingers this could be the confirmation of the upside we need::blink:

 

[Bquat]

We may be exceeding my projection:

 

[Bquat]

NASDAQ may become the market leader it's meant to be. Uncommon breakout above a rising wedge: