clester's Account Talk

[clester]

Re: I fund question

I am expecting a downtrend to continue slowly through mid June or end of June. There may be a chance to get a little rally here and there. There may be one soon as we're getting oversold.

actually, looking at the indicators we may end ourup going down to test a 200 day moving average.

 

[clester]

Re: I fund question

actually, looking at the indicators we may end ourup going down to test a 200 day moving average.

For my system to get a buy signal we need to get down to RSI of 30 or lower. They are well above it now at around 40. That could mean we need to sell off quite a bit more to get there.

My system does get short term signals based on chart formations and support areas etc.. I expect to only buy 50% if that happens until mid June when I expect a better bounce.

 

[JTH]

Re: I fund question

For my system to get a buy signal we need to get down to RSI of 30 or lower. They are well above it now at around 40. That could mean we need to sell off quite a bit more to get there.

My system does get short term signals based on chart formations and support areas etc.. I expect to only buy 50% if that happens until mid June when I expect a better bounce.

Good call, I agree, we are not as oversold as one might think, we could easily drop another -3% before the indicators get ripe.

 

[clester]

Re: I fund question

Well, The S fund finally caught up with me - 2.3% YTD

 

[clester]

Re: I fund question

S fund isn't looking too good to me. Its in a downtrend and has broken the 50 dma and retested and failed. We could have a day or 2 up but I expect the trend to be down, although a little slower than it has been lately, through mid June or so before there will be a rally that I can trade.

If price can get back above the 50dma I might buy a little. I don't expect that. I expect we will have to test the 200 dma before a tradable bounce appears.

 

[jkenjohnson]

Re: I fund question

S fund isn't looking too good to me. Its in a downtrend and has broken the 50 dma and retested and failed. We could have a day or 2 up but I expect the trend to be down, although a little slower than it has been lately, through mid June or so before there will be a rally that I can trade.

If price can get back above the 50dma I might buy a little. I don't expect that. I expect we will have to test the 200 dma before a tradable bounce appears.

Your signature says you are 100% C. Is it correct?

 

[clester]

Re: I fund question

Your signature says you are 100% C. Is it correct?

Oh, thanks. I'll fix it.

 

[clester]

Re: I fund question

S fund isn't looking too good to me. Its in a downtrend and has broken the 50 dma and retested and failed. We could have a day or 2 up but I expect the trend to be down, although a little slower than it has been lately, through mid June or so before there will be a rally that I can trade.

If price can get back above the 50dma I might buy a little. I don't expect that. I expect we will have to test the 200 dma before a tradable bounce appears.

AGG or F fund looks overbought too and may have topped out. That could be bad for stocks too.

 

[clester]

Re: I fund question

S fund isn't looking too good to me. Its in a downtrend and has broken the 50 dma and retested and failed. We could have a day or 2 up but I expect the trend to be down, although a little slower than it has been lately, through mid June or so before there will be a rally that I can trade.

If price can get back above the 50dma I might buy a little. I don't expect that. I expect we will have to test the 200 dma before a tradable bounce appears.

Looks like we will get a look at the 200dma sooner than later. If we get there I'll be buying! That should get us a RSI below 30 too which will make it a strong buy.

 

[JTH]

Re: I fund question

Looks like we will get a look at the 200dma sooner than later. If we get there I'll be buying! That should get us a RSI below 30 too which will make it a strong buy.

Not sure we've able to flush out those sellers as much as we'd like to see.

 

[clester]

Re: I fund question

Not sure we've able to flush out those sellers as much as we'd like to see.

We're only about 1% away from the 200dma on the S fund. A big flush today could get us there.

 

[JTH]

Re: I fund question

Not sure we've able to flush out those sellers as much as we'd like to see.

We're only about 1% away from the 200dma on the S fund. A big flush today could get us there.

Did you heal the sound of that?

 

[clester]

Re: I fund question

Did you heal the sound of that?

You had great timing on buying the low Again!

 

[clester]

Re: I fund question

The S fund is just having a rally inside a downtrend at this point and still below the 50 dma. The C fund is testing its 50DMA today and has busted through. If it follows the S fund it will fail.

I am not feeling an urge to buy here. I think the spring thaw will thaw the markets. But, we shall see. Price above the 50 dma in a bull market is a buy signal BTW.

 

[jkenjohnson]

Re: I fund question

The S fund is just having a rally inside a downtrend at this point and still below the 50 dma. The C fund is testing its 50DMA today and has busted through. If it follows the S fund it will fail.

I am not feeling an urge to buy here. I think the spring thaw will thaw the markets. But, we shall see. Price above the 50 dma in a bull market is a buy signal BTW.

Too much volatility for me right now.

 

[JTH]

Re: I fund question

The S fund is just having a rally inside a downtrend at this point and still below the 50 dma. The C fund is testing its 50DMA today and has busted through. If it follows the S fund it will fail.

I am not feeling an urge to buy here. I think the spring thaw will thaw the markets. But, we shall see. Price above the 50 dma in a bull market is a buy signal BTW.

Here, here, I couldn't agree more, this a relief rally inside a downtrending market until otherwise proven. I wouldn't jump in here either.

 

[clester]

Re: I fund question

I heard someone say last week that the selling was tax related and after april 15 we would get a big rally.

 

[OBXTrader]

Re: I fund question

100G effective today, no IFT's remaining. I can live with my 3 low exposure days in the market and will mourn all future upside.....until May 1st.

Here, here, I couldn't agree more, this a relief rally inside a downtrending market until otherwise proven. I wouldn't jump in here either.

 

[JTH]

Re: I fund question

100G effective today, no IFT's remaining. I can live with my 3 low exposure days in the market and will mourn all future upside.....until May 1st.

Money in the pocket is worth more than money in your wife's purse

 

[bmneveu]

I heard someone say last week that the selling was tax related and after april 15 we would get a big rally.

I wonder if that is historically accurate