clester's Account Talk

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S funds appears to be making divergence on price vs RSI which is a sell and back at 70 which is overbought. Unless the RSI makes a higher high, which will be tough. C fund is just below the high so no divergence yet.
 
clester said:
S funds appears to be making divergence on price vs RSI which is a sell and back at 70 which is overbought. Unless the RSI makes a higher high, which will be tough. C fund is just below the high so no divergence yet.
Click to expand...

I have a sell on C and S funds due to overbought RSI. I have to stay in 50% due to my system which is in bull market rules. A pullback should be imminent. I'll be looking for a good opportunity to buy. Like hitting the 50 dma. We are way above it though.
 
clester said:
I have a sell on C and S funds due to overbought RSI. I have to stay in 50% due to my system which is in bull market rules. A pullback should be imminent. I'll be looking for a good opportunity to buy. Like hitting the 50 dma. We are way above it though.
Click to expand...

I really tempted to sell my 50% C fund today. I've already used 1 eft though so I'd be stuck for the rest if the month. My system does have an override if C fund RSI goes to 80. We are at 73 as I write. Getting scary. When the drop comes it may be severe.
 
clester said:
I really tempted to sell my 50% C fund today. I've already used 1 eft though so I'd be stuck for the rest if the month. My system does have an override if C fund RSI goes to 80. We are at 73 as I write. Getting scary. When the drop comes it may be severe.
Click to expand...
One theory I've heard is that big money wants to wait until next year to sell anything because they expect lower tax rates. So, no selling now. Just buying. So, the selling may begin in January?
 
Well, I still want to sell but my system has me in 50% until RSI hits 80 (at 77 now). Plus I wasted a trade the first of this month, so I only have one left. If I go out now then I'm stuck until January :(
 
felinecrl said:
Good call to wait. Never make a move based on emotions or boredom. :-)
Click to expand...

Very true.

The RSI on the Dow is at 87! ....87! Thats unheard of, yet it continues up. S&P is at almost 78. Again, almost unheard of. That speaks to the power behind this rally. But, I say again, when they drop it will be severe. Seems the idea that big money won't sell until January because of expected lower taxes is right. I plan on being out by then.
 
clester said:
Very true.

The RSI on the Dow is at 87! ....87! Thats unheard of, yet it continues up. S&P is at almost 78. Again, almost unheard of. That speaks to the power behind this rally. But, I say again, when they drop it will be severe. Seems the idea that big money won't sell until January because of expected lower taxes is right. I plan on being out by then.
Click to expand...
RSI has backed off some. Maybe we can get a pull back next week. If so then we may have a little rally after Christmas. Who knows. My system has me in 50% until we get a pullback to the 50 Dma for a strong buy. There are some other conditions that might give me a buy. I am still worried about January though.
 
Stocks are consolidating. That is much needed, But will it drop down to the 50 dma? My system says to be in at least 50% in a bull market, so that's where I am. If we get a good drop to the 50 dma area I may be going all in. I think though that we may have a few months of this consolidating. I watch the Dow vs presidential election cycle and it suggests that. But a big rally should ensue beginning about April.

Here's to a great 2017 for everyone. Let's hope its a good one.
 
clester said:
Stocks are consolidating. That is much needed, But will it drop down to the 50 dma? My system says to be in at least 50% in a bull market, so that's where I am. If we get a good drop to the 50 dma area I may be going all in. I think though that we may have a few months of this consolidating. I watch the Dow vs presidential election cycle and it suggests that. But a big rally should ensue beginning about April.

Here's to a great 2017 for everyone. Let's hope its a good one.
Click to expand...

Why April?
 
The C fund has set up a divergence in price/RSI (higher price and lower RSI) with the recent intraday all time high. That's a 50% sell signal. I hope we can get a test of the 50 Dma. I'm already out 50% so I'm looking for a buy signal.we are in a bull market.
 
New highs are good. But we will have a definite divergence in price/rsi if the rsi doesn't make a new high. Which will be very hard. This divergence doesn't mean a correction is imminent but it will happen. So, I'm being patient. I remain 50% in stocks because we are in a bull market.
 
clester said:
New highs are good. But we will have a definite divergence in price/rsi if the rsi doesn't make a new high. Which will be very hard. This divergence doesn't mean a correction is imminent but it will happen. So, I'm being patient. I remain 50% in stocks because we are in a bull market.
Click to expand...
The divergence is in place.
 
Looks like asia futures are turning lower for thursday. Probably a good time to move to safety. As they say, true investors sell in over bought markets and I believe we've been overbought for awhile now.

Unless...Trump announces his 'phenomenal' tax cuts. What if it is really phenomenal? Haha. So many variables right now. I think I'll stay put in the S fund for a bit longer.... (nervously laughs)
 
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