-
-
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
clester's Account Talk
- Thread starter clester
- Start date
clester
Well-known member
Today should do the same. Nothing has changed from my analysis. Let's see.
clester
Well-known member
Things still looking good. My target is 1390-1400 On s&p. Let's see what happens when we get there. I will need to make a decision on getting out and taking profits. It won't be as simple as when I got in. There may not be a clear signal.
clester
Well-known member
Very quiet sorta day. But that is good. My gut says we will grind up a while longer.
clester
Well-known member
Well so much for the grind higher. This morning futures down and my gut says we will finish down today. But it's not a time to sell yet. Perhaps a buying opportunity for those who are out? The agg (F fund) RSI is over 70 and will gap up this morning, so it's ride up is about over which also gives support to stocks.
All my indicators are still on buy even with today's pullback (at least this morning).
clester
Well-known member
The gaps in the Efa chart seem to be a good indicator for the movement in US indices. so, with that in mind Efa opened up another big gap today that needs to be filled. That means stock need to go back up to fill that gap. It usually takes place within a few days to a month but it acts like a magnet pulling the index toward it. Not an indicator necessarily for day to day action but for near term.
MaStA
Member
So as of now you are going to ride the week out invested in your TSP?
clester
Well-known member
No change for me.
clester
Well-known member
Today feels a little panicky. I know I feel that way looking at the futures. But looking at my indicators today probably won't trigger a sell. My stop loss is at the 50 dma which is 1333. The bonds are at a record low yield which is probably the bottom for this run and the RSI on agg will be getting near 80 which is probably the top. Big gaps in the EFA (especially today) need to be filled but there is a small gap way down at the last lows that could get filled first. That would hurt.
Bottom line is that I expect a bounce soon. It's getting uncomfortable though. Watching that 50 day.
clester
Well-known member
One of my rules is to get out when S&P trades more than 20 or so points. Today down up to 24 or so. But we are above 50 and 200 dma. Bonds are topping. Efa with a huge gap.
These things can go on for a while though. I may end up getting out today. Let's see how it looks around noon. I wouldn't be surprised with a rally by the end of the day to get us to 1350 or so.
These things can go on for a while though. I may end up getting out today. Let's see how it looks around noon. I wouldn't be surprised with a rally by the end of the day to get us to 1350 or so.
ATCHUNTman
Member
If you exit are you going F or G?
clester
Well-known member
G because I think the F is topping. I feel like I will stay in though.
ATCHUNTman
Member
good luck! a lot of fear driving the market.
jkenjohnson
Active member
Looks like the market is trying to rally now.
clester
Well-known member
May be a reversal day?
jkenjohnson
Active member
Headed back down.
clester
Well-known member
Boy. Am I good or what!
ATCHUNTman
Member
Nice call !!!!! Can you do it again tomorrow???
clester
Well-known member
Probably not. It's like the old saying. "I'd rather be lucky than good". That was lucky. We may still see the 50 dmaNice call !!!!! Can you do it again tomorrow???
clester
Well-known member
I'm getting a good feeling about today. Down little this morning but quiet on the EU front. Nice bounce off the big sell off yesterday.
If we start backup I'm looking for 1390-1400 for the next top. Let's start filling those gaps on the Efa.
Stop still at the 50 dma or about 1332.
If we start backup I'm looking for 1390-1400 for the next top. Let's start filling those gaps on the Efa.
Stop still at the 50 dma or about 1332.
Similar threads
