clester's Account Talk

Sort by newest Sort by date
clester said:
Agg gapped up this morning and looks like a blow off top to me. It will come down soon. Maybe not today but soon.

Im looking at the 50 dma on s&p now for support on the down side and stop loss moved up to 1325. Today just doesn't feel like a sell off day for some reason. Hopefully, it will claw its way back up.
Click to expand...
Today should do the same. Nothing has changed from my analysis. Let's see.
 
clester said:
Today should do the same. Nothing has changed from my analysis. Let's see.
Click to expand...
Things still looking good. My target is 1390-1400 On s&p. Let's see what happens when we get there. I will need to make a decision on getting out and taking profits. It won't be as simple as when I got in. There may not be a clear signal.
 
clester said:
Things still looking good. My target is 1390-1400 On s&p. Let's see what happens when we get there. I will need to make a decision on getting out and taking profits. It won't be as simple as when I got in. There may not be a clear signal.
Click to expand...
Very quiet sorta day. But that is good. My gut says we will grind up a while longer.
 
clester said:
Very quiet sorta day. But that is good. My gut says we will grind up a while longer.
Click to expand...
Well so much for the grind higher. This morning futures down and my gut says we will finish down today. But it's not a time to sell yet. Perhaps a buying opportunity for those who are out? The agg (F fund) RSI is over 70 and will gap up this morning, so it's ride up is about over which also gives support to stocks.

All my indicators are still on buy even with today's pullback (at least this morning).
 
The gaps in the Efa chart seem to be a good indicator for the movement in US indices. so, with that in mind Efa opened up another big gap today that needs to be filled. That means stock need to go back up to fill that gap. It usually takes place within a few days to a month but it acts like a magnet pulling the index toward it. Not an indicator necessarily for day to day action but for near term.
 
clester said:
The gaps in the Efa chart seem to be a good indicator for the movement in US indices. so, with that in mind Efa opened up another big gap today that needs to be filled. That means stock need to go back up to fill that gap. It usually takes place within a few days to a month but it acts like a magnet pulling the index toward it. Not an indicator necessarily for day to day action but for near term.
Click to expand...

So as of now you are going to ride the week out invested in your TSP?
 
clester said:
No change for me.
Click to expand...
Today feels a little panicky. I know I feel that way looking at the futures. But looking at my indicators today probably won't trigger a sell. My stop loss is at the 50 dma which is 1333. The bonds are at a record low yield which is probably the bottom for this run and the RSI on agg will be getting near 80 which is probably the top. Big gaps in the EFA (especially today) need to be filled but there is a small gap way down at the last lows that could get filled first. That would hurt.

Bottom line is that I expect a bounce soon. It's getting uncomfortable though. Watching that 50 day.
 
One of my rules is to get out when S&P trades more than 20 or so points. Today down up to 24 or so. But we are above 50 and 200 dma. Bonds are topping. Efa with a huge gap.

These things can go on for a while though. I may end up getting out today. Let's see how it looks around noon. I wouldn't be surprised with a rally by the end of the day to get us to 1350 or so.
 
clester said:
One of my rules is to get out when S&P trades more than 20 or so points. Today down up to 24 or so. But we are above 50 and 200 dma. Bonds are topping. Efa with a huge gap.

These things can go on for a while though. I may end up getting out today. Let's see how it looks around noon. I wouldn't be surprised with a rally by the end of the day to get us to 1350 or so.
Click to expand...

If you exit are you going F or G?
 
clester said:
One of my rules is to get out when S&P trades more than 20 or so points. Today down up to 24 or so. But we are above 50 and 200 dma. Bonds are topping. Efa with a huge gap.

These things can go on for a while though. I may end up getting out today. Let's see how it looks around noon. I wouldn't be surprised with a rally by the end of the day to get us to 1350 or so.
Click to expand...
Boy. Am I good or what!
 
I'm getting a good feeling about today. Down little this morning but quiet on the EU front. Nice bounce off the big sell off yesterday.

If we start backup I'm looking for 1390-1400 for the next top. Let's start filling those gaps on the Efa.

Stop still at the 50 dma or about 1332.
 
You must log in or register to reply here.

Similar threads

quabit
Retiring/TSP process questions
Replies
7
Views
513
JD1964
J
tsptalk
  • Article Article
Rally in stocks fails late on Thursday. Yields come down
Replies
0
Views
204
tsptalk
tsptalk
TommyIV
  • Article Article
TSP Talk Market Wrap Up and Allocation Trends
Replies
1
Views
221
JTH
JTH
tsptalk
  • Article Article
TSP Talk - Tariff talk ruins another rally on Friday
Replies
0
Views
293
tsptalk
tsptalk
UNIX84
UNIX84 Account Talk
Replies
14
Views
3K
tsptalk
tsptalk
Back
Top