clester
Well-known member
The market seems to be moving on technicals or news a lot these days. At least technicals are logical. Technically we should get to 720.
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clester's Account Talk
- Thread starter clester
- Start date
sniper
Active member
I trade almost purely on technicals, mainly to (attempt to) take human emotion out of the equation in my decisions
clester
Well-known member
Well, new week. I am starting back to college today. Just taking one physics class. It's a junior level class called classical mechanics. Looks like lots of calculus. Should be fun.
On the markets, things are looking up it seems. Europe is up, our futures up, but bonds up too. It seems to be the fed trade causing both to go up. I'm looking for an up week and looking for new highs on s&p. S fund still has most room to run IMO.
On the markets, things are looking up it seems. Europe is up, our futures up, but bonds up too. It seems to be the fed trade causing both to go up. I'm looking for an up week and looking for new highs on s&p. S fund still has most room to run IMO.
jkenjohnson
Active member
That's one optimistic crystal ball you have!
clester
Well-known member
Haha. Yeah. Feeling good today I guess.
RealMoneyIssues
Well-known member
clester
Well-known member
Thanks a lot!sell, Sell, SELL !!!
clester
Well-known member
Looks like everyone on the tracker so far is taking your advice.sell, Sell, SELL !!!
clester
Well-known member
More boring trading this week it seems. I think that's good for the Bulls though. Apparently, no one wants to go short. No one buying either I guess. I think we all got addicted to the high volatility. I still say all the volatility is in the bond market. Can it make new highs? I can't trade back into F fund if I wanted too until next week. Also, next week is a holiday.
sniper
Active member
seems like everyone's waiting for the fed report, friday probably will have a violent shift in either direction.
clester
Well-known member
May be after labor day if he speaks after the close. In any case, I'll be looking to go the opposite of the initial reaction.
He seldom disappoints so maybe some upside or sell the news? No use guessing the market IMO
clester
Well-known member
Looks like the speech is at 10 am ET. So, maybe we will have some action Friday. Today looks like another quiet one. Nothing has changed in my system and indicators. I may go to a 50S-50G position before the weekend just to be in a more neutral position.
clester
Well-known member
Here is some anecdotal evidence. My house was appraised yesterday and talking to the appraiser, he said he was very busy on new and refi loans. He seemed upbeat on housing. Retail sales report was very good. So, we don't need QE IMO.
bond yields down again though and stocks lower. Seems like they should move together on QE hopes. They say the bond market is usually right. So, what does it see?
Sticks haven't moved for almost the whole month. Interesting.....
With the anecdotal evidence being positive and sentiment negative, I am bullish. Indicators still in neutral.
bond yields down again though and stocks lower. Seems like they should move together on QE hopes. They say the bond market is usually right. So, what does it see?
Sticks haven't moved for almost the whole month. Interesting.....
With the anecdotal evidence being positive and sentiment negative, I am bullish. Indicators still in neutral.
clester
Well-known member
Sell stop held again. So, I again say we should head up to 720 on $EMW (S fund).
I'll be driving all day. On my way from East Tennessee to Chicago for the weekend so I may not get to see all the action today. Hoping to miss all the rain from Isaac while up there and on the trip back. Looks like today should be OK. Anyone got ideas on sightseeing? I've been once before and took a day tour of city.
WhoDey
Member
I'm sure there are many others who know Chicago better then myself, but I did go there earlier this month for a getaway weekend with my 11-year old son.
We spent some time at the Navy Pier ("Extreme" boat ride was great fun ... I think the vendor was Seadog). We caught a game at Wrigley. I checked and the Cubs are home through Sunday (Giants), but are out of town on Monday. Wrigley was great. We were going to visit one of the towers (either the Hancock Center or Willis Tower), but the day we would have done it was rainy and the towers were socked in the clouds. Lots of great restaurants ... from terrific Chicago pizza (we went to Gino's) to more than a few steak houses (we visited the Weber Grill restaurant).
I'm sure you'll have a great time. Enjoy your weekend.
clester
Well-known member
We decided to do some things near our hotel west of Chicago because rain was expected all day due to isaac. We drove over to Fermilab hoping to get a tour but were unable. We plan to head to Navy pier today. They have a beer garden we want to check out. We wanted to go to second city comedy but shows were sold out. Should have planned ahead.
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