jkenjohnson
Active member
Maybe a couple of up days, and then a negative jobs# or some European BS, an then WHAM - down we go?
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clester's Account Talk
- Thread starter clester
- Start date
Maybe a couple of up days, and then a negative jobs# or some European BS, an then WHAM - down we go?
clester
Well-known member
I think all the possible positive news from Europe is priced in. The risk is for something negative to happen IMO
bighog
New member
Hunkering down in the F Fund?
clester
Well-known member
Yep or G . But this is just my opinion.
jkenjohnson
Active member
Agreed.
clester
Well-known member
One caveat, if we are able to break above 1425 to new highs then I would have to rethink it. We need to go back to the 50 dma and reset things. We are obviously at a critical level. The market seems to want to stay at 1400. What will be the catalyst to knock us off this level is the question.
clester
Well-known member
Is your system on a sell?
jkenjohnson
Active member
No. I may get in today and make a quick exit.
clester
Well-known member
Looks like another rough day in F fund. 10 year over 1.70 is a problem and may indicate it will head higher. If agg breaks the 50 dma I will get out.
clester
Well-known member
Could mean bond market thinks QE is off the table. In other words the Fed may not buy more bonds just let what they have ride. That take a buyer out the market. If and when the stock market believes it they may sell off some.
I have trouble being patient and jump the gun on making trades. Can I have enough patience to let this play out?
clester
Well-known member
The boring trade continues today it looks like. F fund is in a downtrend and testing it's 50 dma. S&p is still in an uptrend near the top of its channel. S fund looks like it wants to roll over. I fund has flatlined and has gaps to fill.
So, bottom line is that there are mixed signals out there. We need some direction.
So, bottom line is that there are mixed signals out there. We need some direction.
jkenjohnson
Active member
Romney and Ryan are going to save us. It's time to get back in the market.
RealMoneyIssues
Well-known member
You are wrongly assuming they are going to win... Be careful, even if by some miracle they do win, that doesn't guarantee that the market will like it...
jkenjohnson
Active member
clester
Well-known member
Decided on S fund because the chart pattern appears to be an inverse head and shoulders and about to break out. It is above both 50 and 200 , RSI is slightly above neutral but to near overbought. Got sell signal on F fund although it may be getting near a bounce I have to go with my system. It's a crowded trade on the tracker and sentiment is fairly negative on stocks which supports a contrarian buy.
jkenjohnson
Active member
I got in a few days ago but don't plan on staying in very long.
clester
Well-known member
Since Europe is on vacation, there seems to be very little news for folks to trade on. I think that is good for the market. September may be a different story though. The bond market selling off is a positive too.
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