Bquat's Account Talk

[Bquat]

Daily Charts 10/21/17:

 

[Bquat]

Will tax concerns cause the S Fund to continue down out of the F Flag? Charts 11/10/17:

 

[FogSailing]

Hi BQ: No idea what's going to happen. My gut says odds of the tax cut are more probable than a defeat, but with so much turmoil in the Republican party I'm not sure. If the tax cut is passed, the market should rally and then pull back heavily in the not to distant future. If it doesn't crash, I see a pullback heading to 2350 right after the vote before moving on up to new highs. Next 2 weeks will be interesting. Last year, markets were mixed in December despite the trump victory. Remember, 85% of the time the market makes money.

FS

 

[Bquat]

Spidey is calm.
What do you think? Charts 11/18/17:

 

[Bquat]

OK. It's early Saturday morning. For coffee go I will. Yes?

 

[Mcqlives]

Happy day after thanksgiving! I hope this finds you and yours well! Market action has been about what I expected/hoped for this week with the exception of the I fund. It is really surprising to me that it is up as much as it is.

 

[Bquat]

Doing fine and we haven't had to turn our heater on yet here in El Paso, Texas. The I fund has been a buy and holders dream this year:

 

[Bquat]

December Midterm redraw. Charts 12/06/17:

 

[Bquat]

Charts 12/16/17:

 

[Mcqlives]

Mmmmmmmm. So many comments. I gotsa do some digging into the I fund. As always, thanks for the charts!

 

[Bquat]

Charts 12/23/17:

 

[Mcqlives]

Norway dialogue has me concerned but I still think I fund may be the best performer for the short term.

 

[Bquat]

No big profit taking today for end of year. Here's what I see for January. Charts for 01/02/18:

 

[Mcqlives]

Happy 2018 down there in the warmth! Hope all is well with you and yours!

 

[Bquat]

Happy 2018 down there in the warmth! Hope all is well with you and yours!

Doing fine near the 60's today.

 

[Bquat]

Trying the 4 hour charts again to see afternoon action. Charts 01/13/18:

 

[Bquat]

Is the damage done? Daily charts 2/04/18:

 

[tbx1203]

Is the damage done? Daily charts 2/04/18:

Maybe hit the 50 email, or just below it in C and S?

 

[kb9nvh]

I'll take one more hit like fridays and then I pull the plug. Hate the noon cutoff.

 

[Mcqlives]

Thanks for the Charts BQUAT! Just a quick post on a IMHO 2cents kind of way. Markets were looking for a reason to pull back. Add the negative comments on valuation several talking heads involved with the Fed were making I'm not surprised we got as much as we did. As of yesterday I had 2560ish on the SnP penciled in as my bail point. I know very few people around here chart the futures but we did hit, and bounce, on that point early this morning.

Some points to consider on the past few days market action:

-It has been talked about for a loooong time so there were a lot of people doing the "sky is falling" thing. I admit, I almost bailed yesterday, along with a bunch of others.
-This sell off happened with volume remaining relatively low
-Economic data (Earnings/employment/gdp/trade policy) almost all remain positive
-Increased production without a parallel in consumption is a concern but when you look at the potential for increased exports through re-negotiated trade agreements that concern is greatly minimized if not negated.
-And, one of my favorite leading indicators (honors to Birch) is the DJT. It hit its high on January 12 and started it's decline on January 22. I thought of bailing early last week but, when I kept making money, got complacent and took the hit on Friday and Yesterday. It hit it's low yesterday (I hope) and started climbing. I will be paying more attention to the DJT in the days to come for sure.

Now that we have some volatility back let's make some $$$$!!!!