clester's Account Talk

[clester]

The selling after the close yesterday has dried up. Thats a good sign. Sellers may be exhausted. Let's hope so.

 

[clester]

The selling after the close yesterday has dried up. Thats a good sign. Sellers may be exhausted. Let's hope so.

I think we could easily run up to the 200 dma on the S&P. The most recent downtrend line has been broken. Pretty good resistance at the 200 and The 50 dma is falling toward the same spot. S fund is already in bear market and so is the I fund. There are usually some really good relief rallies in this kind of market. I might sell some or all at that point.

End of the month is coming too. I'd kinda like to free up some cash just in case the plan doesn't play out. So, thinking about selling 50% Friday

 

[clester]

This was a typical bear market rip up. Lots of shorts had to buy. It’s not clear sailing yet but it’s looking good. Resistance at the double top, 200 dma and the 50 dma could cause another pull back. I am still planning on selling 50% before the weekend. We’ll see


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[Mcqlives]

If we had more moves I would plan on bailing tomorrow too. As it is I hate being out of markets at the start of the month without a solid signal to the downside present. I like having the option to go to g and then buy in later instead of buying in and then only able to reallocate or go to g. Happy trading!!!

 

[clester]

This was a typical bear market rip up. Lots of shorts had to buy. It’s not clear sailing yet but it’s looking good. Resistance at the double top, 200 dma and the 50 dma could cause another pull back. I am still planning on selling 50% before the weekend. We’ll see


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50 G 50 C today.

 

[clester]

50 G 50 C today.

I may go 100 G tomorrow. Convergence of downtrend line 50 and 200 DMA's

 

[Mcqlives]

Almost did the same but letting it ride. Even though I fell like I just bet all on green....

 

[clester]

Almost did the same but letting it ride. Even though I fell like I just bet all on green....

I think the odds are even on the next move. Up or down. The markets are talking up the positives on the china meeting this weekend so I think the risk is to the downside now. But probably nothing much will happen. My big concerns are: S fund in bear market, C fund heading toward the death cross, Downtrend line hasn't been broken and is being tested now. C fund has the convergence of the downtrend line, the 50 and 200 dma. If we bust through those lines upward, it's off to the races.

My system says I should be in 50% in the market since the C fund is still in bull market. But it's kinda mixed since the S fund is in a bear market snd C fund is headed that way. So, I'm still considering..

 

[clester]

100g. I’m gonna take the conservative approach here. Plenty of opportunities to get back in next month


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[nasa1974]

100g. I’m gonna take the conservative approach here. Plenty of opportunities to get back in next month


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I'd love to jump to "G", but I'm still 5K below my 2018 start. If I move now it's a loss. I know there is a good chance to make it up in December but the hard part is deciding when to get back in and having less shares to work with.

 

[clester]

I can't see any good direction with the charts. Seems to just be in a trading range. I think the bias is down. I also thing a re test of the February lows is coming and that'll be a good buying opportunity. I think a retest of the most current low may come soon and that may provide a short term buying opportunity within the sideways trading range. IDK. Lets just say I'm confused

 

[clester]

I can't see any good direction with the charts. Seems to just be in a trading range. I think the bias is down. I also thing a re test of the February lows is coming and that'll be a good buying opportunity. I think a retest of the most current low may come soon and that may provide a short term buying opportunity within the sideways trading range. IDK. Lets just say I'm confused

Could be a great buying opportunity today. Gap down will need to be filled. They have been filled pretty quickly. We are near the bottom to the trading range too. Only problem would be if we broke lower and tested the February low. Thats a big drop.

 

[Mcqlives]

Could be a great buying opportunity today. Gap down will need to be filled. They have been filled pretty quickly. We are near the bottom to the trading range too. Only problem would be if we broke lower and tested the February low. Thats a big drop.

I wasn't even considering an entry until you posted. Still not thinking I will go in but you have me thinking about it.

Added...You have to watch the S fund as well. Support was around 1284 and we went to 1279 this morning. Was this a successful test ... or a break down with a slight bounce to the upside (1290 now) followed by a drop later today.

 

[clester]

I wasn't even considering an entry until you posted. Still not thinking I will go in but you have me thinking about it.

Added...You have to watch the S fund as well. Support was around 1284 and we went to 1279 this morning. Was this a successful test ... or a break down with a slight bounce to the upside (1290 now) followed by a drop later today.

It's right in the area for a bounce. If it fails then watch out

 

[clester]

All funds are now in bear market rules for my system. That means no more that 50% in stocks. I really like the S fund chart. It's got a clearer support level. I hate getting in so early in the month and then having to sell because then I'm done for the month

 

[clester]

Looks like the russell 2000 has broken down

 

[FogSailing]

I'm thinking the market declines to the 2632 support level and then we pivot. It feels likes we're near the bottom..but I've been wrong a lot this year.

FS

 

[clester]

Looks like the russell 2000 has broken down

Think I’ll wait until a bounce starts for a buy. I think the gap will be filled soon. Say within a week but there’s lots of room for a larger drop. Also, with such large moves it could be very expensive. I may buy some in my Schwab account though. It may be late in the day or tomorrow before we see a bounce, if it comes.

 

[WorkFE]

I got out on 8 October. There has been some buying opportunities since then but I am comfy with my decision.
The volatility makes for some great quick buying chances but with only 2 moves, don't be wrong.

I have mostly been waiting out the US Policy side of things to give me an indicator. (Border, China Trade, Russian Aggression, BREXIT and GOVT Shutdown) Those are probably my top five.


For now I'll just chug along at 3%

 

[clester]

Could be a great buying opportunity today. Gap down will need to be filled. They have been filled pretty quickly. We are near the bottom to the trading range too. Only problem would be if we broke lower and tested the February low. Thats a big drop.

We got the bounce but it happened too fast to buy. Seems to me that we are in a trading range that is getting smaller. Some charts look like a triangle forming. S fund has the best looking chart with a good support area but the descending 50 dma is coming fast.