Bquat's Account Talk

[Bquat]

There. That be my October charts. Ready for tomorrow.

 

[Bquat]

We are embedded to the downside. Only good news is that we have a gap above to fill:

 

[Mcqlives]

Tariff news invalidates the short term charting relevance(IMO). 6month charts give a better perspective. Jobs up or jobs down is my focus. I have to say I’m tempted to dip my toes in.

 

[Bquat]

Sideways consolidation? Please stay in the box::worried:

 

[Bquat]

Anybody think ISM was down because of everyone was trying to push that there was going to be a recession in the news a few weeks ago. JMG

 

[Bquat]

My guess is that jobs report will be ok unless it was affected by the news also.

 

[nasa1974]

Anybody think ISM was down because of everyone was trying to push that there was going to be a recession in the news a few weeks ago. JMG

That's probably part of it, but I would guess some of it has to do with the tariffs as well. Some of it might be because there are not enough qualified workers to get the job done. The trades are hurting.

 

[Whipsaw]

That's probably part of it, but I would guess some of it has to do with the tariffs as well. Some of it might be because there are not enough qualified workers to get the job done. The trades are hurting.

The lack of qualified workers lies at the feet of the public education system and the disservice they provide to our young people.

 

[BooDog]

I had a reply started on Coolhands thread but got distracted and then it disappeared! Anyways, I was looking at the gaps from January. Not saying we'll see that drastic of a push down. IMO we're close to seeing oversolds but as coolhand mentioned it's wise to weigh your risk tolerance. I'm still in 20% but I'm waiting for a better bottom that may come in tomorrow or early next week. Just a wild guess. I like volatility but I doo like the color GREEN much better!!

 

[Whipsaw]

That's probably part of it, but I would guess some of it has to do with the tariffs as well. Some of it might be because there are not enough qualified workers to get the job done. The trades are hurting.

The lack of qualified workers lies at the feet of the public education system and the disservice they provide to our young people.

 

[Bquat]

We have gap fill and tails:

 

[shitepoke]

BQ...I can't tell ...are you still on sidelines ??

 

[Bquat]

Yes I am out, but looking at maybe an entry point.

 

[Mcqlives]

I like the S fund matching the August low areas...but we haven't done the same on the C. I was hoping to see the SnP at 2840 and then buy in for a climb to the 2925ish range. Now I just don't see a clear path so will most likely wait another day.

 

[Bquat]

Going 100 S fund.

 

[Mcqlives]

Going 100 S fund.

What the hell...it's only money and I can't take it with me. I'm in too.

Maybe...I'm rethinking with 5 minutes to go

 

[Mcqlives]

Nope. Can't do it as much as I want to. Not the day before jobs numbers with a bunch of the talking heads sounding off about stimulus because of ISM numbers. Good luck my friend!

 

[DreamboatAnnie]

Going 100 S fund.

Wow! Gutsy move Bquat! Ya got some Cajones !!!!!!!
Best wishes to you!!!!

But Mcqlives...I'm with you.... gotta see a little more.

 

[BooDog]

To trust or not to trust. Nice move B, at least it looks that way for now!!

 

[SoonerCaniac]

Bquat is my third "premium service" on TSPTalk. If he makes a move I seriously consider what he has to say!

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