clester's Account Talk

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clester said:
He makes a lot of sense here. I don't always agree with him but profit taking was past due and this is a good time to sell before the weekend. It would be interesting to hear from some of those waiting for a pull back if they are ready to buy yet.
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Note to self: the RSI indicator worked well this time. S&p went over 70 for a few days and then a pullback. It hardly ever stays over 70.
 
clester said:
He makes a lot of sense here. I don't always agree with him but profit taking was past due and this is a good time to sell before the weekend. It would be interesting to hear from some of those waiting for a pull back if they are ready to buy yet.
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Looks like a lot are buying on the tracker but I have a bear flag and should wait for Tuesday. TSP Talk AutoTracker I don't know it's almost convincing.:confused:
 
JTH said:
Not worth it for me to chase a couple % at this stage in the game prior to a 3-day weekend.
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With futures up big this morning, last weeks dip may have been a buy and just profit taking. I think we probably ave 6 weeks or so left in the rally. My crystal ball says sell in July.
 
clester said:
With futures up big this morning, last weeks dip may have been a buy and just profit taking. I think we probably ave 6 weeks or so left in the rally. My crystal ball says sell in July.
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FYI, a plus day over 20 s&p points is another buy signal in my system. Just like a down day over 20 points is a sell. The question is when to apply the rule. At closing? At noon? I usually use the noon time. The reason is that such a strong day usually has follow through in my experience. I used to worry about the next day pull back. It's hard to buy on a big up day.
 
clester said:
FYI, a plus day over 20 s&p points is another buy signal in my system. Just like a down day over 20 points is a sell. The question is when to apply the rule. At closing? At noon? I usually use the noon time. The reason is that such a strong day usually has follow through in my experience. I used to worry about the next day pull back. It's hard to buy on a big up day.
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Also, once again when we had a little pull back the bears came out in force. When that stops..we will get our correction. That is, when the bears throw in the towel.
 
clester said:
Also, once again when we had a little pull back the bears came out in force. When that stops..we will get our correction. That is, when the bears throw in the towel.
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Another thought.. If we had profit taking ahead of the holiday last Wednesday those sellers are probably buying back.
 
Treasury rates are going up and money may finally be starting to leak out of the bond market. Mom and pop are on the move. The market doesn't know how old you are - it's the cycle, not your are that matters most. So let'em buy wall flowers and help this old dog out.
 
With the futures down today and the reversal yesterday we are looking at a Lower high. Thats concerning. My sell stop is about 837 ish(where the low was last week) which would also be a lower low. I still feel bullish but I will play the facts in front of me. Let's see if we can get another reversal
 
clester said:
With the futures down today and the reversal yesterday we are looking at a Lower high. Thats concerning. My sell stop is about 837 ish(where the low was last week) which would also be a lower low. I still feel bullish but I will play the facts in front of me. Let's see if we can get another reversal
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If futures continue down, yesterday's gains may be a wash. Minor pullback coming? What sayeth the Crystal Ball?
 
Silly questions... but i am new
what is meant by "the futures are down"? where do you grt that information?
What is a sell-stop... How does that apply to what I should do to my TSP? Thanks
 
EricDeLee said:
Silly questions... but i am new
what is meant by "the futures are down"? where do you grt that information?
What is a sell-stop... How does that apply to what I should do to my TSP? Thanks
Click to expand...
Futures are pre market trading that happens almost 24 hours a day. People who trade those are mostly professionals and maybe some overseas folks. It helps give you an idea of where the real market would start. A "stop" is a trading term used to sell your stock as it goes downs and hits the price you deem as the spot you want out.
 
clester said:
Futures are pre market trading that happens almost 24 hours a day. People who trade those are mostly professionals and maybe some overseas folks. It helps give you an idea of where the real market would start. A "stop" is a trading term used to sell your stock as it goes downs and hits the price you deem as the spot you want out.
Click to expand...
We got down close to my sell stop (837ish for $EMW or S fund) and bounced. So, no sell today.
 
It looks like the intraday selling may have completed - it's a natural things to reset oscillators. Friday could be a barn burner.
 
Didn't we have a selloff last Wednesday and again today and we've been up 20 Tuesdays in a row. Is Wednesday the new Tuesday?
 
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