jkenjohnson
Active member
If unemployment claims rise, it is usually bad for stocks. The higher the % change the more detrimental.
If unemloyment claims decrease, it is usually good for stocks, unless the % change is very slight.
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clester's Account Talk
- Thread starter clester
- Start date
If unemployment claims rise, it is usually bad for stocks. The higher the % change the more detrimental.
If unemloyment claims decrease, it is usually good for stocks, unless the % change is very slight.
I guess we'll know if we're back in that kind of market - good news raises the market while bad news has little affect because, as you intimated, the Fed will take it as an excuse to talk QE3 again.
ATCHUNTman
Member
I agree looking bullish on the SP500...may be time to buy?
clester
Well-known member
It's seems so, but I've got a feeling we may go down first. At least test the 50 dma. Sentiment seems very positive which means we may go down first. If it seems like your missing out and are itching to get in, that is when it goes down. Its almost always the opposite of your emotional side.
ATCHUNTman
Member
Buddy have I been there! :laugh: I did dip my toe in the C fund today. Good luck CLester!
clester
Well-known member
Okay, after my analysis today I plan on moving into stocks. Probably tomorrow unless it's another rally day. I plan on steering clear of I fund though because of the gap. Perhaps, US can go higher while Efa goes lower because of the weak Euro?
Anyway, I need to follow the system. If the market takes off tomorrow though I may hold off. I need a pullback to be more confident. Today's pullback was bought intraday which makes it hard for us Tspers.
ATCHUNTman
Member
Bad June jobs report...QE3??? I will be watching the 50 dma.
clester
Well-known member
An interesting observation: stocks are now down 3 days in a row. That hasn't happened since may. Could be a warning sign. Of course, we could still end positive today.
MaStA
Member
clester
Well-known member
Bonds are good for now. I think a rally is coming this week sometime though.So far you are spot on. I'm glad I'm still sitting in the G fund.
clester
Well-known member
One reason I say this is because the F fund (Agg) is nearing a 70 RSI reading which will be a sell signal for F fund. Which means stocks could get the money moving out of bonds and go up. If we could just get that gap on Efa filled...
clester
Well-known member
So far things are working out like I thought. The 50 dma got tested and bounced at the end of the day. The only things left are the Gap on Efa and the RSI on Agg. RSI on Agg is at 69 so we are practically there.
Things are stacking up for a buy. Maybe tomorrow. Let's see how it goes.
bmneveu
Well-known member
I may be in the buying mood tomorrow as well!
weatherweenie
Well-known member
AWESOME call!
jkenjohnson
Active member
I was thinking I may get in if the market is still down this morning. It seems like a short rally is due. The market rarely drops this many days in a row.
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