clester's Account Talk

Sort by newest Sort by date
respro said:
So is TSP! My IFT on Sat. morning will have to wait until Tues night to go into effect. Two days of risk that I didn't want. TSP offices should be open every single day the market is! At least let our electronically entered IFTs go into effect that same night. Or better yet, How bout let our IFTs go into effect immediately.
Click to expand...
They would have to pay holiday pay. So, that won't happen.
 
clester said:
My move to 50% S has worked well so far but the F fund hurt me as it will again today. I think we may have another few days of a rally. Maybe a week or so and I will prob get back out. Sentiment is way too high. RSI reading are still ok though.
Click to expand...
The final piece of my puzzle is in place. Sentiment has finally dropped off and now everyone is negative. I'll be looking for a buy any day now. The 50 dma is getting close. Looking to go 100% in stocks.
 
clester said:
The final piece of my puzzle is in place. Sentiment has finally dropped off and now everyone is negative. I'll be looking for a buy any day now. The 50 dma is getting close. Looking to go 100% in stocks.
Click to expand...
Futures bouncing this morning so far. The S and I funds finally tapped their 50 dma and C fund is close. Ive been looking forvthat. A lot of times we will go past the moving average for a day or so. With a bounce today I will probably buy. Another positive is the double bottom made yesterday gives a good stop loss point.
 
clester said:
Futures bouncing this morning so far. The S and I funds finally tapped their 50 dma and C fund is close. Ive been looking forvthat. A lot of times we will go past the moving average for a day or so. With a bounce today I will probably buy. Another positive is the double bottom made yesterday gives a good stop loss point.
Click to expand...
So we've gone a little below the 50 dma on stock funds. This is not unusual and usually bounce after a day or two. I will give it that room before selling. Other reasons to stay in: sentiment is now very negative, we've been down quite a bit from the top. If we don't bounce early next week, then I will sell and look to get back in in early November. I expect next week to be up but maybe start down Monday. I can't get a good feel for the direction right now.
 
clester said:
So we've gone a little below the 50 dma on stock funds. This is not unusual and usually bounce after a day or two. I will give it that room before selling. Other reasons to stay in: sentiment is now very negative, we've been down quite a bit from the top. If we don't bounce early next week, then I will sell and look to get back in in early November. I expect next week to be up but maybe start down Monday. I can't get a good feel for the direction right now.
Click to expand...

I'e like to see Monday turn out to be a flat feeler day, Tuesday the turn-around, Wednesday the Wow, Thursday the smaller Wow, and Friday the Pause...
 
JTH said:
I'e like to see Monday turn out to be a flat feeler day, Tuesday the turn-around, Wednesday the Wow, Thursday the smaller Wow, and Friday the Pause...
Click to expand...
Seems like this is playing out so far. We are in a prime spot for a rebound. If its going to happen it needs to start soon or we could head quite a bit lower. I'll be watching prices very closely for a possible sell.

europe is contained, china is doing ok ( i dont trade on those but they are possible problems) and we are at support levels. RSI is not over sold but in neutral position. Only negative is the downtrend in prices but we are near or over 50 dma in all our indexes and 50 dma is above 200 dma which is a bull market. S fund is not doing that well compared to others.that could be a problem.
 
clester said:
Seems like this is playing out so far. We are in a prime spot for a rebound. If its going to happen it needs to start soon or we could head quite a bit lower. I'll be watching prices very closely for a possible sell.

europe is contained, china is doing ok ( i dont trade on those but they are possible problems) and we are at support levels. RSI is not over sold but in neutral position. Only negative is the downtrend in prices but we are near or over 50 dma in all our indexes and 50 dma is above 200 dma which is a bull market. S fund is not doing that well compared to others.that could be a problem.
Click to expand...
Perfect bounce at proper time. It's good to see markets acting a little more logical. Barring any big news event I think we are on our way up to 1500 or so on S&p. I haven't looked at a target yet but it's quite a way up IMO.
 
clester said:
Perfect bounce at proper time. It's good to see markets acting a little more logical. Barring any big news event I think we are on our way up to 1500 or so on S&p. I haven't looked at a target yet but it's quite a way up IMO.
Click to expand...
The day turned out better than I expected. I think the rally will continue this week with maybe a down day on Friday as people take profits. In any case, I will stay in market for a while. As long as we stay above the 50 dma and RSI's don't get too high.
 
clester said:
The day turned out better than I expected. I think the rally will continue this week with maybe a down day on Friday as people take profits. In any case, I will stay in market for a while. As long as we stay above the 50 dma and RSI's don't get too high.
Click to expand...


How much are you up this month?
 
jkenjohnson said:
I'd take it. Nothing wrong with that.
Click to expand...
I'm not complaining. :)

Looks like a down start this morning. We could use a pause day but traders will probably buy any dip. I say we finish up today and pause tomorrow. I still say we could head up for a new high before a pullback with some zig zags along the way. I like to watch the RSI indicator for clues for timing. It's still in good shape.
 
From a contrarian standpoint, I'm feeling good about all the tracker folks moving to bonds today. Interested in how the sentiment survey turns out.
 
clester said:
From a contrarian standpoint, I'm feeling good about all the tracker folks moving to bonds today. Interested in how the sentiment survey turns out.
Click to expand...
This is surprising to me also. Am I missing something? Maybe a lot happy with their gains so far.
 
clester said:
I'm not complaining. :)

Looks like a down start this morning. We could use a pause day but traders will probably buy any dip. I say we finish up today and pause tomorrow. I still say we could head up for a new high before a pullback with some zig zags along the way. I like to watch the RSI indicator for clues for timing. It's still in good shape.
Click to expand...

My analysis last night leads me to believe this last up-wave should top out sometime this Friday-Tuesday. But that doesn't mean we have to pullback, we could just flounder/pause/zag for a few days, then push higher from there. I am not a bear, nor do I believe price is telling us to be bearish. I'll let you in on a little secret, one of my theoretical projections takes us to SPX 1650 by April 2013, from there we potentially correct to 1400.
 
Bquat said:
This is surprising to me also. Am I missing something? Maybe a lot happy with their gains so far.
Click to expand...

I have bonds on a Hard Sell, perhaps some are trying to catch a falling knife or anticipate the Fiscal Cliff. Look at the long-term charts, IMHO the risk outweighs the reward.
 
So, yesterday and perhaps today will be a pause. After all the bad news (google GE etc) you would expect a big sell off but we have held nicely so far. That's bullish. My system is on buy for every metric I use for stocks. Bonds are heading down.

I am watching the RSI indicator for a overbought condition but we are still in good shape there. If we go down I'll use the 50 dma for indication to sell.
 
clester said:
So, yesterday and perhaps today will be a pause. After all the bad news (google GE etc) you would expect a big sell off but we have held nicely so far. That's bullish. My system is on buy for every metric I use for stocks. Bonds are heading down.

I am watching the RSI indicator for a overbought condition but we are still in good shape there. If we go down I'll use the 50 dma for indication to sell.
Click to expand...
well, we got our friday pullback or profit taking. but now since we are down so much I think we climb back up towards the close as the shorts close out but probably finish negative. Next week may repeat this week.

it is a little concerning with the huge down moves in individual stocks. reminds me of the 2000 selloff. thats scary. I'm still bullish for now.
 
clester said:
well, we got our friday pullback or profit taking. but now since we are down so much I think we climb back up towards the close as the shorts close out but probably finish negative. Next week may repeat this week.

it is a little concerning with the huge down moves in individual stocks. reminds me of the 2000 selloff. thats scary. I'm still bullish for now.
Click to expand...


If it wasn't Friday I would agree with you, but I don't see many taking the risk of hold for the weekend to just buy in low today. I think if they are out of equities and are looking to buy back in low they will wait til monday incase something crazy happens over the weekend. JMO
 
You must log in or register to reply here.

Similar threads

UNIX84
UNIX84 Account Talk
Replies
14
Views
3K
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - The bulls are back
Replies
0
Views
139
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - The bulls took charge after monetary policy green light
Replies
0
Views
3K
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Stocks tentative in front of today's jobs report
Replies
0
Views
3K
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - An inauspicious start to the New Year
Replies
1
Views
153
nasa1974
nasa1974
Back
Top