-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
clester's Account Talk
- Thread starter clester
- Start date
clester
Well-known member
Since Facebook is the S funds largest holding (1%) I'm hoping for good earnings from them today. Lots of news out this week. Who knows how that will affect the markets but the trend is up and still no sell signals or warnings in my system.
I think we are back to bad news is good news (more Fed) and good news is good news (we are not falling apart )
I think we are back to bad news is good news (more Fed) and good news is good news (we are not falling apart )
clester
Well-known member
It feels like profit taking and some selling on the economic numbers this morning. It's disconcerting that small caps are taking the brunt of selling but they have also been up the most. This happened last month too. Hope it's just a one day thing. Sell stop is the 50 dma.
clester
Well-known member
The $tran and $rut hit their 50 dma today and bounced a little. It's interesting that the are following each other so closely. Will buyers come in at the 50 dma? It could be an early indicator of the markets breaking down.
Today is going to hurt. Last year we got teased a little before May clobbered us.
clester
Well-known member
Even with today I am still slightly positive since my last entry. I'm glad I had the cushion. Many times I have gotten hit like this on the first day in. That really sucks.
Today is a day to keep you emotions in check. Especially if your in S fund(-1.75%). Find a sell stop and stick to it.
Today is a day to keep you emotions in check. Especially if your in S fund(-1.75%). Find a sell stop and stick to it.
clester
Well-known member
Great bounce today. Right on time. The $RUT and $TRAN have regained their 50 dma and S and C funds still look good. On the look out for this being a bounce before we go lower. We need to move back up to new highs from here to keep the trend alive.
jkenjohnson
Active member
Could be a dead cat bounce.
clester
Well-known member
as good as the rebound is the cat may be on a trampoline!
JimmyJoe
Member
Maybe today is the day for the SPX to reach 1600. That'll be nice.
jkenjohnson
Active member
as good as the rebound is the cat may be on a trampoline!
He's on steroids.
JamesE
Member
The question now is what will the jobs numbers come in at tomorrow... How many times have we seen this routine? Run it up into Friday and sell it hard when the number disappoints. Gonna take a good number though, two consecutive months with bad numbers and the "boyz" are gonna jam it. We shall see.
P.S. I'm not giving up just yet, this run is getting "long in the tooth" but I think it'll print 1620-1640 before it corrects.
P.S. I'm not giving up just yet, this run is getting "long in the tooth" but I think it'll print 1620-1640 before it corrects.
clester
Well-known member
Well, my spring thesis is still doing OK but we are in the critically month. Even with the bad day wednesday I have no sell signals.
Every thing is still a go. I will be watching $rut and $tran for clues as to market direction. They both dipped below their 50 dma and immediately regained them. I don't use upside targets but I think we could get another 5-10% by July if my thesis holds and then we start to sell off.
As long as we stay above 50dma and not overbought or sentiment doesnt get too high then I'm on a buy. We are in a bull market and their has to be a bias to be in stocks.
Every thing is still a go. I will be watching $rut and $tran for clues as to market direction. They both dipped below their 50 dma and immediately regained them. I don't use upside targets but I think we could get another 5-10% by July if my thesis holds and then we start to sell off.
As long as we stay above 50dma and not overbought or sentiment doesnt get too high then I'm on a buy. We are in a bull market and their has to be a bias to be in stocks.
jkenjohnson
Active member
That crystal ball is ready to sell to the masses. Looks like the gravy train is full speed ahead.
clester
Well-known member
Thanks Ken. It's doing well. The good thing is that we spent a while is consolidation and worked off all the overbought indications and built a little bearish attitude. We are still in good shape for a while now. Ready for 1700 this summer?
jkenjohnson
Active member
That would be nice. I just don't want to enter here. I am waiting for a pullback.
Similar threads
