clester's Account Talk

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Bringing up my June 11th post. RUT is still just above 50 RSI (close enough to S Fund). If I am reading charts right, NDX, S&P and Dow30 are all below 50 RSI. I don't know what the I Fund is or will be. Any thoughts?

Thanks.

OBXTrader said:
That's because them bears keep picking on RUT like it's some kind of pivot point for the market direction.
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Most of the time I find that the best part of Vacations and such is returning home.gif, where the heart.gifis!
 
What a terrible day yesterday. I have warning flags all over. During this bull market these kind of days have been buying opportunities. S fund is now below the 50 dma and I give it a couple days to see if it can regain it. If it doesn't I'll sell 50%.

The dilemma is that at RSI of 30 I get an oversold buy signal. This is the tricky part for my system. We could still drop several percent before that happens
 
clester said:
What a terrible day yesterday. I have warning flags all over. During this bull market these kind of days have been buying opportunities. S fund is now below the 50 dma and I give it a couple days to see if it can regain it. If it doesn't I'll sell 50%.

The dilemma is that at RSI of 30 I get an oversold buy signal. This is the tricky part for my system. We could still drop several percent before that happens
Click to expand...

Futures are up so you might re-gain some of the losses.
 
jkenjohnson said:
Futures are up so you might re-gain some of the losses.
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We have regained a little but we now have 3 closes below the 50 dma on on 3 indexes and most likely again today. That's a partial sell signal. With the markets closed tomorrow I will probably sell 50% today. We are still in a bull market so my system keeps at least 50% in stocks.
 
clester said:
We have regained a little but we now have 3 closes below the 50 dma on on 3 indexes and most likely again today. That's a partial sell signal. With the markets closed tomorrow I will probably sell 50% today. We are still in a bull market so my system keeps at least 50% in stocks.
Click to expand...

Looks like I might get a buy signal soon because the RSI on c and s are at 35 and below 30 is a buy. Ideally a dip below and buying as it climbs back above
 
clester said:
Looks like I might get a buy signal soon because the RSI on c and s are at 35 and below 30 is a buy. Ideally a dip below and buying as it climbs back above
Click to expand...

I fund has dipped below 30 on its RSI. I'm not a buyer there yet but if it can climb back above I would buy at most 50% because it's below the 50 and 200 dma
 
clester said:
I fund has dipped below 30 on its RSI. I'm not a buyer there yet but if it can climb back above I would buy at most 50% because it's below the 50 and 200 dma
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I fund as well as C and S funds recovered today but they are still not buys yet according to my system. We need a close below the RSI of 30 and a rebound back above it to get a clear buy signal.
 
clester said:
I fund as well as C and S funds recovered today but they are still not buys yet according to my system. We need a close below the RSI of 30 and a rebound back above it to get a clear buy signal.
Click to expand...

Maybe China's 8% drop will help that happen.
 
I find looking to have a big discrepency in the indicated value of its underlying stocks and the price of EFA. -0.25 vs -2.25%. Could be a play in I fund tomorrow. EFA will close with RSI below 30 it seems
 
I'm looking for an EFA in the high 58 area by monday. I'll look to buy then if it starts to climb.
 
We got most of the negative fair value today so unless we get it all back tomorrow it could be a good buying opportunity.
 
clester said:
We got most of the negative fair value today so unless we get it all back tomorrow it could be a good buying opportunity.
Click to expand...

European rebound today will probably negate the fair value from yesterday. We did dip below 30 RSI and probably rebound above it today I'm still not comfortable buying but my system says buy 50%. I'll decide later
 
clester said:
European rebound today will probably negate the fair value from yesterday. We did dip below 30 RSI and probably rebound above it today I'm still not comfortable buying but my system says buy 50%. I'll decide later
Click to expand...
The I fund rebounded and is right below the 200. I need to see it get through it before I buy. S fund is in a solid downtrend. We are still in a bull market so I need to stay in at least 50%. I don't see the need to move my money yet but I'm not happy with S fund. Maybe I'll move it to I fund when I get a solid buy signal.
 
clester said:
The I fund rebounded and is right below the 200. I need to see it get through it before I buy. S fund is in a solid downtrend. We are still in a bull market so I need to stay in at least 50%. I don't see the need to move my money yet but I'm not happy with S fund. Maybe I'll move it to I fund when I get a solid buy signal.
Click to expand...
What volatility in I fund! Too much for me to gamble on. I'll just hold what I have for now
 
The C and S funds are testing their 50 dma from the bottom. If they can break above them I'll get back in. If they can't then we could be in for another big drop. I fund is nearing its 50 too but is a bit further away. We are at a pivot point. Which way will she go?
 
Looks like C & S punched through their respective 50 DMA this morning and have just kept going. The question is how are they going to close. Are you going to wait for a close above the 50 before entering? Even if we do close up today I expect tomorrow to be rather volatile with the Greek vote so you may want to wait for several days above the 50. Thoughts?
 
Cactus said:
Looks like C & S punched through their respective 50 DMA this morning and have just kept going. The question is how are they going to close. Are you going to wait for a close above the 50 before entering? Even if we do close up today I expect tomorrow to be rather volatile with the Greek vote so you may want to wait for several days above the 50. Thoughts?
Click to expand...

Today looks like a good day to buy back in. As long as we hold the 50 dam by noon
 
clester said:
Today looks like a good day to buy back in. As long as we hold the 50 dam by noon
Click to expand...

I have my 3 day rule when we break above the 50 day. Bulls and bears are in reset mode right now. Neither seem like they want to take charge after the volatile trading in the last 2 weeks. I think we may see a slow uptick this week with .10% - .30% daily gains unless Yellen, Greeks, China, Germany, Iran peace talks decide to shake something up. Low volatility usually means positive for markets
 
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