clester's Account Talk

[clester]

The market seems to be acting better the last few days. We've had some intraday volatility but it seems to be calming down which is a good sign for my system. I'm looking at about 806 on s fund or $emw for a buy signal. That would get back over the 50dma and take out the last high on April 16. The C fund bounced nicely off its 50 dma but needs to take out its last high from April 16 to counter the downtrend. I fund doesn't seem to have any good direction just sideways.

Well, the s fund is back in buy territory. C fund is close to asking out the April 16 high at about 1576. I don't like to buy based on the morning action but this is the 3rd day in the rebound. Also, my spring thesis is still alive where I think the market climbs through June before the big pullback. I have my java class this morning so I will have to make a trade before 11. At the moment I'm looking at 100% S fund.

 

[MaStA]

Well, the s fund is back in buy territory. C fund is close to asking out the April 16 high at about 1576. I don't like to buy based on the morning action but this is the 3rd day in the rebound. Also, my spring thesis is still alive where I think the market climbs through June before the big pullback. I have my java class this morning so I will have to make a trade before 11. At the moment I'm looking at 100% S fund.

Woo hoo Java class! Good times, good times. I'm almost finished with my BS in Computer Science so I have taken all of those programming classes. I only have a few more classes to go and I'm done!

 

[nnuut]

Good work Clester, congrats!

 

[clester]

Woo hoo Java class! Good times, good times. I'm almost finished with my BS in Computer Science so I have taken all of those programming classes. I only have a few more classes to go and I'm done!

Sweet. Just in case some are interested. I have a BS in computer science from way back in 1982. Since retiring, I have gone back to school with the intent of getting a MS. I am now thinking of starting a software design startup with my son who has graduated college with a math degree and has lots of computer background. He can't get a job that he wants so far (anyone know of a job opening?) so We are planning a web app for a small medical office with database and patient data etc. I have an in-law that's a Dr and said they will provide the medical side. We are thinking of using LAMP or MAMP. Also, I want to build mobile apps, maybe a game but I'm not sure how to get the graphics. how's that for a retirement plan!

 

[clester]

Some non tsp thoughts. I have been negative on apple stock. I think they plateaued a while back and had an exhaustion move up. Now, I think they have come back to reality and are ready to move higher. If I had a trading account I would buy. I also think Microsoft may finally be ready to get out of its water treading. I really like the windows 8 and the surface tablet. It's more of a business tablet but it's a really powerful tablet. I recently bought a Android tablet and it works well. Btw, i (my family) have 2 iphones and 2 ipads and 2 windows desktops and 2 Samsung phones..Mobile is the future and will be for a while. I don't see any new break through technology for a while.

 

[clester]

100S fund cob. My exact timing is not the best. But I have a buy signal.

 

[MaStA]

Sweet. Just in case some are interested. I have a BS in computer science from way back in 1982. Since retiring, I have gone back to school with the intent of getting a MS. I am now thinking of starting a software design startup with my son who has graduated college with a math degree and has lots of computer background. He can't get a job that he wants so far (anyone know of a job opening?) so We are planning a web app for a small medical office with database and patient data etc. I have an in-law that's a Dr and said they will provide the medical side. We are thinking of using LAMP or MAMP. Also, I want to build mobile apps, maybe a game but I'm not sure how to get the graphics. how's that for a retirement plan!

Nothing wrong with that! I wish you guys the best. I'm not too big into the programming aspect myself and I am more of a hardware person. I wish I would have gone down the Computer Engineering route, but I'm almost done so I will continue to press forward. Once I retire from the Air Force I just hope to have something that I can use on the outside. If there are any federal jobs available come that time I will try going that route. I still have 11 years to go though before I can retire from the AF.

 

[Valkyrie]

100S fund cob. My exact timing is not the best. But I have a buy signal.

According to the three Cs of economic activity – copper, crude oil, and Caterpillar (CAT) – the economy is in a recession…


so I'll be holding off on getting back in. I think these last few days have been to fool most to get back in so they can get out.

 

[clester]

According to the three Cs of economic activity – copper, crude oil, and Caterpillar (CAT) – the economy is in a recession…


so I'll be holding off on getting back in. I think these last few days have been to fool most to get back in so they can get out.

I guess I got fooled It's happened before and it will happen again.

anyway, I don't use those indicators and the economy and stock market don't always move together. I am chart based only and that seems to work for me. Keeps all the noise out.

Good luck to ya and to me. well, I guess one of us will be unlucky though.

 

[clester]

We successfully closed above the key areas in C and S funds. The S fund could retest the 50 dma before continuing up, as that is not unusual. If it were to close below the 50 then I would have a sell signal. I expect the current uptrend to continue back to our previous highs and pause before breaking out.

 

[nasa1974]

We successfully closed above the key areas in C and S funds. The S fund could retest the 50 dma before continuing up, as that is not unusual. If it were to close below the 50 then I would have a sell signal. I expect the current uptrend to continue back to our previous highs and pause before breaking out.

Let's hope that happens before May gets here. May has been terrible the last three years.

 

[clester]

Let's hope that happens before May gets here. May has been terrible the last three years.

yes it has. The last three years the market drops in April and May. My thesis is that this year is different and that is based on the 4 year presidential election cycle. 4 years ago April and may were very good and every 4 th year before. Of course we were just rebounding from the bottom but if my thesis works out we could rally until July. I, as always, will use my system for moves and should my plan not work out then I'll get out.

 

[JimmyJoe]

Nice post Clester. May is just around the corner and I want all the good news available concerning this, this, that summer season. As you may know, I usurp only the good news about this market and use it to stay in the pool. Here's more analysis coming from one of the the Fast Money guys, I paraphrase. Apple will rise steadily not because it is such a great product line, which it is, but because the SPX is on such a tear. So I concur, the upward trend of the SPX will carry Apple upward, not that I care that much about the stock as I have none. And, this is my two cents... Because the SPX being around 1560 to 1580 is now based on 2013 dollars, compared to the dollar value of the two SPX previous highs one or two decades ago, 1580 is to be "recalculated" to 1800 to 1900 and above. So this May and this summer is going to continue to see gains in the market.

 

[clester]

We are a little over 1% away from new highs on all stock funds. I bet we get to the old high and pause a day or 2 and then bust through. Since I'm in S fund I'm watchings it's 50 dma for a sell signal or stop loss. If my thesis holds true, we will bust through 1600 on S&P. I don't have an upside target but I'll be watching the RSI for an overbought condition. I have a bias to be in through June.

 

[jkenjohnson]

We are a little over 1% away from new highs on all stock funds. I bet we get to the old high and pause a day or 2 and then bust through. Since I'm in S fund I'm watchings it's 50 dma for a sell signal or stop loss. If my thesis holds true, we will bust through 1600 on S&P. I don't have an upside target but I'll be watching the RSI for an overbought condition. I have a bias to be in through June.

The crystal ball is working very well.

 

[coolhand]

We are a little over 1% away from new highs on all stock funds. I bet we get to the old high and pause a day or 2 and then bust through. Since I'm in S fund I'm watchings it's 50 dma for a sell signal or stop loss. If my thesis holds true, we will bust through 1600 on S&P. I don't have an upside target but I'll be watching the RSI for an overbought condition. I have a bias to be in through June.

I'm anticipating higher prices as long as the Fed continues its liquidity pump. It's been in overdrive for months now. I don't know how their going to stop it without sending the market reeling as many traders and investors are currently hooked on it (the ole punch bowl syndrome).

 

[jkenjohnson]

With today's job data, the upside could be considerable.

 

[RealMoneyIssues]

With today's job data, the upside could be considerable.

Upside will be muted until the GDP numbers come out tomorrow... but I guess we will see.

 

[clester]

I'm anticipating higher prices as long as the Fed continues its liquidity pump. It's been in overdrive for months now. I don't know how their going to stop it without sending the market reeling as many traders and investors are currently hooked on it (the ole punch bowl syndrome).

Traders may start taking profits this summer as they look ahead. I'm thinking in July or so. I believe when it happens it will be the 10% correction we've been looking for.

 

[clester]

100S fund cob. My exact timing is not the best. But I have a buy signal.

Well, my timing was not so bad this time. We are approaching the previous high on S fund and I expect a pause there for a day or so but not worth trying a trade out and back in.