clester's Account Talk

[clester]

Careful buddy...I like your optimism but if this breaks to the downside it could get real bad fast. Personally, I hope the 50 holds and we climb...but I'll look for confirmation with a close around where we are now to get in. Good luck!

If I were out I would wait for a bounce and see where we are relative to the 50 dma. We usually drop below the average before a bounce. Since I'm in now, I won't sell until I get a few few days below the 50dma. If we get to a RSi below 30 it would be a strong buy after a bounce.

So, what my system says is to be in c or s fund 100% until we get below the 50 dma. If I get a sell signal it will be for 50% only.

I don't blame anyone for waiting for a better buy spot but you could use the 50 dma as a sell stop if you were inclined to buy.

Lots of bears coming out of the closet all of the sudden. That means we may not get that downside. I'm comfortable for now!

 

[clester]

Gosh, I hear so much panic on this board and on tv! Even with a 1% drop today we are still above 50 dma on S fund and right at it on C fund. I expect a bounce today or tomorrow. We usually get a dip below the 50 dma before a bounce so don't be surprised. We should bounce then. If not then I will be worried.

 

[Valkyrie]

we bounce from here up to the resistance and then the bull market is over and we head down to that open gap IMO.
I'm stocking up on FAZ and TZA

 

[clester]

The I fund is at a precarious place. Still in a bear market and has dropped to its 50 dma. If it's going to bounce, now is the time.

C fund is below the 50 dma and caution flags are flying but RSI is at 37 and 30 is an oversold buy condition.

S fund is in the best position. Above 50 dma and looking good.

So, mixed action in the markets. Glad I'm in the S fund!

 

[Lakebound]

The I fund is at a precarious place. Still in a bear market and has dropped to its 50 dma. If it's going to bounce, now is the time.

C fund is below the 50 dma and caution flags are flying but RSI is at 37 and 30 is an oversold buy condition.

S fund is in the best position. Above 50 dma and looking good.

So, mixed action in the markets. Glad I'm in the S fund!

I've been subscribed to your thread since day one.

Frank

 

[clester]

I've been subscribed to your thread since day one.

Frank

Thanks for the support. Hope you found something useful here.

 

[Lakebound]

Thanks for the support. Hope you found something useful here.

Absolutely. Without saying too much, I like your strategies thus far and I believe from what I have read, that my approach to retirement is similar to what you have shared here. So for that, I thank you.

Frank

 

[clester]

The C fund recovered after 2 days below the 50 dma. That's what was expected to keep the buy signal. S fund stayed above and is looking strong. The I fund is still in a bear market and in between 50 and 200 dma's. That's sort of no mans land so be careful. Not a buy at the moment.

RSI's are neutral. Looking for a climb back to new highs now.

 

[soon2retire]

Thank you for your insight and know it is appreciated!

 

[jkenjohnson]

The C fund recovered after 2 days below the 50 dma. That's what was expected to keep the buy signal. S fund stayed above and is looking strong. The I fund is still in a bear market and in between 50 and 200 dma's. That's sort of no mans land so be careful. Not a buy at the moment.

RSI's are neutral. Looking for a climb back to new highs now.

Thanks for posting your system Craig. It has kept me from bailing out a few times and subsequently saved me money.

 

[clester]

I fund is getting close to a 50% buy if it can get above its 50 Today is mostly dollar weakness.

C fund is hanging in there right at its 50 dma so it's still a buy.

S fund is still in the best shape. Well above its 50 dma. It needs to take out old high to keep it going.

 

[clester]

I fund is getting close to a 50% buy if it can get above its 50 Today is mostly dollar weakness.

C fund is hanging in there right at its 50 dma so it's still a buy.

S fund is still in the best shape. Well above its 50 dma. It needs to take out old high to keep it going.

Even though we had a great rally yesterday, we are not overbought via RSI and S fund made a new high as expected. So, we should continue rally until RSI gets to 70.

The only caveat is the Usd/eur jumped way too much so it will have to come back down short term. I fund is back above its 200 dma so it's in the buy range. It may need to check the 200 one more time.

 

[kave]

Even though we had a great rally yesterday, we are not overbought via RSI and S fund made a new high as expected. So, we should continue rally until RSI gets to 70.

Clester I appreciate your input and eventhough I'm not subscribed to your thread I follow it regularly. If 70 is the RSI "trigger" for lack for a better word, what is the RSI currently. The reason I ask is I'm so reasonably close to retirement (20 months) I'm seriously thinking of going to G Fund and some serious capital perservation. However, if there appears to be significant upside POTENTIAL I might just ride this Bull!! Thanks in advance!!

 

[Whipsaw]

Clester I appreciate your input and eventhough I'm not subscribed to your thread I follow it regularly. If 70 is the RSI "trigger" for lack for a better word, what is the RSI currently. The reason I ask is I'm so reasonably close to retirement (20 months) I'm seriously thinking of going to G Fund and some serious capital perservation. However, if there appears to be significant upside POTENTIAL I might just ride this Bull!! Thanks in advance!!

Assuming the upside potential... is straight S the way or a distribution across C/S/I? I fund was on fire yesterday...

 

[clester]

Assuming the upside potential... is straight S the way or a distribution across C/S/I? I fund was on fire yesterday...

Imo, Since S fund is looking the best I would suggest 100% S but I wouldn't argue against diversifying too much.

 

[clester]

Clester I appreciate your input and eventhough I'm not subscribed to your thread I follow it regularly. If 70 is the RSI "trigger" for lack for a better word, what is the RSI currently. The reason I ask is I'm so reasonably close to retirement (20 months) I'm seriously thinking of going to G Fund and some serious capital perservation. However, if there appears to be significant upside POTENTIAL I might just ride this Bull!! Thanks in advance!!

The RSI for S fund is about 61 or so . So we could get another 2% or so before it gets overbought

 

[sniper]

Assuming the upside potential... is straight S the way or a distribution across C/S/I? I fund was on fire yesterday...

I fund has probably the biggest upside potential but it's also the riskiest right now, I'm personally staying with S for the time being. I fund was on fire yesterday, but it's down the biggest today. Nature of the beast, I fund is the most volatile, anytime I went I fund it was a test in patience :laugh:

 

[kave]

The RSI for S fund is about 61 or so . So we could get another 2% or so before it gets overbought

A big shout out Thank Ya My Man!!!

 

[clester]

A big shout out Thank Ya My Man!!!

No prob. Let's hope that happens.

 

[clester]

S fund RSI at 66 ish and I'm getting a little nervous but it still has room to climb. Also, C fund RSI is only about 56 ish so it has even more room to run. I fund still looking big good but still in bear market.

C fund needs to break out to new high to keep us going.