clester's Account Talk

[Khotso]

If all the economic data that is coming out today is positive, I can see another 1-2% gain in the S fund today. Still beating my head against the wall for selling too early.

Lol! You are not alone Ken. I've been doing that since last November -- beating my head against the wall that is! Geesh!! When will I learn?

 

[Valkyrie]

Money Morning



world wide crash coming, to bring a new 3 world currency into existence. G20 nations have been calling for this for a decade. Rogers has alluded to it in other articles.


thanks for all of your posts C., they are a great help.
God Bless

"Rogers believes things will really get bad after the German elections this fall"

left this out from the article. this would be in your July time frame u feel a correction is coming.

 

[clester]

One down day ,with this late day sell off, and the bears are out all over the place. this is why the rally will continue.

There are still too many bears. I wouldn't be surprised with a follow through day tomorrow and then resume the rally. We need a small pullback. That said, I am watching my sell spot around 840 on $emw(S fund).

 

[clester]

One down day ,with this late day sell off, and the bears are out all over the place. this is why the rally will continue.

There are still too many bears. I wouldn't be surprised with a follow through day tomorrow and then resume the rally. We need a small pullback. That said, I am watching my sell spot around 840 on $emw(S fund).

With the futures up this morning it looks like we will resume the uptrend. The naysayers on tv are still out this morning. The sentiment survey is still on a buy. This market is frustrating a lot of people. That's what it does. It will continue for a while longer IMO because so many people are waiting to get in and will by any dip we get. Still watching 840 on $emw or S fund for a sell stop.

 

[Boghie]

With the futures up this morning it looks like we will resume the uptrend. The naysayers on tv are still out this morning. The sentiment survey is still on a buy. This market is frustrating a lot of people. That's what it does. It will continue for a while longer IMO because so many people are waiting to get in and will by any dip we get. Still watching 840 on $emw or S fund for a sell stop.

Still have to watch for slow draw downs like yesterday. My guess is that will be the way da'Boyz eat the children. If you are going to chomp on my appendages just do it quickly. That's what I say:laugh:

 

[clester]

Well, we had a nice week and the year has been great. Don't get complacent though. We are getting into overbought territory again. That's not a sell all by itself. I'm watching the trend lines and swing low (about 850 on $emw or S fund). Of course the 50 dma is big. Sentiment is not a problem yet.

Right now though, everything looks fine. No reason to sell yet. Also, we are in a bull market so I won't sell 100% unless we break the 50 dma. You have to have a bias to be in the market right now so I keep at least 50% in stocks.

 

[clester]

Well, we had a nice week and the year has been great. Don't get complacent though. We are getting into overbought territory again. That's not a sell all by itself. I'm watching the trend lines and swing low (about 850 on $emw or S fund). Of course the 50 dma is big. Sentiment is not a problem yet.

Right now though, everything looks fine. No reason to sell yet. Also, we are in a bull market so I won't sell 100% unless we break the 50 dma. You have to have a bias to be in the market right now so I keep at least 50% in stocks.

Nothing has changed from above. The market is overbought but no confirmation signals yet. Enjoy it while we have it.

 

[clester]

Nothing has changed from above. The market is overbought but no confirmation signals yet. Enjoy it while we have it.

My spring rally thesis is still playing out well. I have thought we could rally until July. Let's hope it works out. I do think we will have a big correction when it happens though.

 

[weatherweenie]

My spring rally thesis is still playing out well. I have thought we could rally until July. Let's hope it works out. I do think we will have a big correction when it happens though.

You have been spot on. Congrats to you, and whoever heeded your call.

 

[clester]

You have been spot on. Congrats to you, and whoever heeded your call.

Interesting day. Up big then a big reversal. Not usually a good sign. On the plus side we are back under oversold levels and in a good position to resume the rally. The last time we had a big sell day it only lasted one day. Let's see how it goes tomorrow. We are at the short term trend line (a good place to bounce) and 840 on $emw is my sell stop.

It's so funny that, once again, one down day and all the bears come out saying I told you so.. Sell, sell, sell....

That's a good contrarian signal.

 

[clester]

Interesting day. Up big then a big reversal. Not usually a good sign. On the plus side we are back under oversold levels and in a good position to resume the rally. The last time we had a big sell day it only lasted one day. Let's see how it goes tomorrow. We are at the short term trend line (a good place to bounce) and 840 on $emw is my sell stop.

It's so funny that, once again, one down day and all the bears come out saying I told you so.. Sell, sell, sell....

That's a good contrarian signal.

With the futures where they are this morning it looks like my stop will get hit. Are the bears finally right?

 

[clester]

With the futures where they are this morning it looks like my stop will get hit. Are the bears finally right?

Just saw Japan down 7% wow, europe down over2%. Another rule I have is to get out on huge down moves because they usually have follow through. So, I'll probably sell today. Let's see how it plays out but I'm not expecting to bounce much off this morning. I have to follow my rules even though want the market to bounce and know it may bounce on my exit. I have rules for a reason.

The short term trend line will get violated today but the 50dma is still pretty far down. So, we're still in a bull market (bias to be in the market). My rule on big days is 20 points on s&p. So, I'm looking at selling 50% unless the 20 points is hit.

 

[clester]

I don't know why but my gut feeling is that we bounce from here. I think because because I feel fear in the air. Like Yesterday morning when we were up big I felt uncomfortable now I feel uncomfortable on the downside. Let's what what happens before noon deadline. I'm still looking to sell 50% but my stop is 840 on $emw or S fund and we are not much below it right now.

 

[clester]

I don't know why but my gut feeling is that we bounce from here. I think because because I feel fear in the air. Like Yesterday morning when we were up big I felt uncomfortable now I feel uncomfortable on the downside. Let's what what happens before noon deadline. I'm still looking to sell 50% but my stop is 840 on $emw or S fund and we are not much below it right now.

We are back above my stop. Let's hope it holds

 

[Cactus]

Looks like this DIP is getting bought.

 

[clester]

Looks like this DIP is getting bought.

Yes it does! I had a feeling.

Safe for another day I guess. No sell for me today.

 

[clester]

I don't know why but my gut feeling is that we bounce from here. I think because because I feel fear in the air. Like Yesterday morning when we were up big I felt uncomfortable now I feel uncomfortable on the downside. Let's what what happens before noon deadline. I'm still looking to sell 50% but my stop is 840 on $emw or S fund and we are not much below it right now.

well, glad it worked out. All the way back to even. So, 2 huge intraday reversals in a row... I think volatility is back!

 

[GUCHI]

well, glad it worked out. All the way back to even. So, 2 huge intraday reversals in a row... I think volatility is back!

i think the BULL is back

 

[clester]

I think what we've had this week is profit taking ahead of the holiday. It's the first big vacation week of the summer. I think all the other news is just noise and something for CNBC to talk about.

I would also say that it's a buying opportunity for those that have been waiting. If it were me I would probably wait until Tuesday to see if we bounce first.

 

[nnuut]

I think what we've had this week is profit taking ahead of the holiday. It's the first big vacation week of the summer. I think all the other news is just noise and something for CNBC to talk about.

I would also say that it's a buying opportunity for those that have been waiting. If it were me I would probably wait until Tuesday to see if we bounce first.

Oscar thinks it's a Mirage. #1026 05/23/13 Oscar Carboni reminds us to stay focused and not to fall in love with the down side