clester's Account Talk

Sort by newest Sort by date
clester said:
Looks like a bounce this morning. We need to test 1497 or so which was support that we broke yesterday. I wouldn't be surprised if we hit trouble there. If we get back over that I will look to take a partial position.

If we have a dead cat bounce we should hit or go a little below the 50 dma and I'll look to take a postion there.

No moves today because I have intro to java class at 12 and have to leave about 11. I expect to make a move by Friday though.

Btw. On a personal note. I have to brag a little. Got a A+ on my first exam in Java. For some reason I just love programming. Maybe it's the logical aspect? I just love the feeling when my code actually runs after having trouble. I don't want a full time job, but it would be great to do some freelance work. Planning on going for a M.S. degree with ecommerce/Internet/mobile emphasis. I have a BS degree from a long time ago and these classes are to get me up to speed. It's coming back pretty easily. Like riding a bike. Things have changed a lot since 1982 but the basic stuff is still the same. Web design class is really easy. Mostly review for me except CSS and its not bad.
Click to expand...

I'm thinking dead cat bounce, but I am usually wrong.
 
If we get a 50% Fibonacci retracement, we could see a good buying opportunity near the 1437 area. That's about 4% lower than our close today. Let's see if it pans out.
 
Well, we may not get a test of the 50dma and if we do I expect a rally from there if we do. I've been looking for a good spot to put my 50% in, since I don't have a 100% buy signal yet. I don't think there will be a big sell off and I can use the 50dma as a stop if it busts below it, so I'm considering the 50% for today.
 
clester said:
Well, we may not get a test of the 50dma and if we do I expect a rally from there if we do. I've been looking for a good spot to put my 50% in, since I don't have a 100% buy signal yet. I don't think there will be a big sell off and I can use the 50dma as a stop if it busts below it, so I'm considering the 50% for today.
Click to expand...
Well, I'm 50% S fund this morning. In my system I should really be 100% in stocks. My feeling is that we are staying in an uptrend until sometime this summer. Maybe July. So, I'll be looking for another buying opportunity to go 100%. The 50 dma is my sell stop in case we head down. If we break out to a new high for the year I will go all in. I'm being conservative though.

We could hit a bump near the end of March as the debt ceiling and continuing resolution hits.
 
clester said:
Well, I'm 50% S fund this morning. In my system I should really be 100% in stocks. My feeling is that we are staying in an uptrend until sometime this summer. Maybe July. So, I'll be looking for another buying opportunity to go 100%. The 50 dma is my sell stop in case we head down. If we break out to a new high for the year I will go all in. I'm being conservative though.

We could hit a bump near the end of March as the debt ceiling and continuing resolution hits.
Click to expand...
Well, my buy point looks to be a a little early. Is it because of the sequester? If so, why now? I thought we didn't care? Next up is the debt ceiling. Could be a bumpy Month.

This is the reason I only went in 50%. I am now looking for a good buying point for the other 50%. That could happen if we successfully test the latest low which is about the 50dma. I will look to sell if we break that point.
 
clester said:
Well, my buy point looks to be a a little early. Is it because of the sequester? If so, why now? I thought we didn't care? Next up is the debt ceiling. Could be a bumpy Month.

This is the reason I only went in 50%. I am now looking for a good buying point for the other 50%. That could happen if we successfully test the latest low which is about the 50dma. I will look to sell if we break that point.
Click to expand...
I may buy today's dip.
 
KevinD said:
Wall of worry...
Click to expand...
Could be.

As long as there are worries out there, not everyone will buy in leaving room for folks to slowly give in and buy. It's when everyone is already in that is trouble. It the contrarian view.

But I do believe in finding a chart based point where you will sell on the way down if your wrong. Too many times I have been stubborn and stuck with my losing trade and got hurt bad. Some folks refuse to take a loss. It's not a sign of weakness.
 
This morning I was reminded of why I don't like buying on Fridays. The futures were down about 6 points because of news out of china over the weekend.

I am still looking for the rally to continue for a while with a bump toward the end of the month as politics heats up once again. I think the market is starting to get used to the political turmoil and won't act drastically to anything that might happen. Gridlock appears to be priced in. We'll see.

We should go back to a slow grind up until then with volatility coming down. That's my crystal ball talking.
 
clester said:
This morning I was reminded of why I don't like buying on Fridays. The futures were down about 6 points because of news out of china over the weekend.

I am still looking for the rally to continue for a while with a bump toward the end of the month as politics heats up once again. I think the market is starting to get used to the political turmoil and won't act drastically to anything that might happen. Gridlock appears to be priced in. We'll see.

We should go back to a slow grind up until then with volatility coming down. That's my crystal ball talking.
Click to expand...

I think you're right about the Sequester being priced in already, but don't count on that with the CR expiration March 27th or Europe -- at least that's my sense. I especially think Europe continues to be a huge Achilles tendon and will keep an eye on it.
 
Khotso said:
I think you're right about the Sequester being priced in already, but don't count on that with the CR expiration March 27th or Europe -- at least that's my sense. I especially think Europe continues to be a huge Achilles tendon and will keep an eye on it.
Click to expand...

Raise the debt ceiling as usual. We keep on keeping on. For as long as that lasts.
 
RealMoneyIssues said:
So, we should keep asking our great grandkids to pay our debt because we couldn't stomach doing the right thing and only spending what we bring in?
Click to expand...
The budget battle should happen over the budget. Like the sequester or shutting down the government by not passing a continuing resolution. The debt ceiling is about paying for what we already bought. Paying on our credit card.
 
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