clester's Account Talk

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It's interesting that the headline indexes djia and Spx are down much more than nasdaq , small caps or I fund this week.

I think we will hold the 200 (my line in the sand) dma and the basing/pullback is about over. It's been a mild pullback so far with fairly low volatility which is a positive. Still lots of negativity but with a lot of folks looking to buy a dip.
 
Looks like the 200 dma may get its test today. I expect it to hold but the politicians may sink us.we need some good news from one of them today. I am worried about the s fund chart. It dropped after hitting upper downtrend line. Once again I fund looking the best.
 
I personally don't like being in with the "fiscal cliff" countdown clocks etc. It's like Greece and Europe all over again.
 
clester said:
Looks like the 200 dma may get its test today. I expect it to hold but the politicians may sink us.we need some good news from one of them today. I am worried about the s fund chart. It dropped after hitting upper downtrend line. Once again I fund looking the best.
Click to expand...

U must have ESP. Boner comes out and says something positive, then bam, stocks rise 90+ points.
 
Obama spoke and the Market dropped, only encouraged everyone to Tweet or email their House Reps demanding they approve the Senate bill that Harry Reid drafted.
I now see a spike in the Markets and this is what caused it:
Nov. 28, 2012, 11:37 a.m. EST
U.S. stocks revert to gains on budget talk


By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) — U.S. stocks turned positive Wednesday after House Speaker John Boehner voiced optimism about a budget deal.
The Ohio Republican told reporters that he remained hopeful Republicans could forge an agreement with the White House to avert austerity measures otherwise set to begin in the new year.
“I am optimistic that we can continue to work together to avert this crisis sooner rather than later,” said Boehner, who added Republicans would be willing to put revenues on the table so long as Democrats agree to reductions in spending.
U.S. stocks revert to gains on budget talk - Market Snapshot - MarketWatch
 
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clester said:
Man, I love it when a plan comes together. Perfect bounce off of retest of 200 dma. Now we have a higher low. If we can get a higher high we are off to the races IMO.
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Well the crystal ball has been right on for this rally. We have a little more to go IMO. The RSI's are around 60 now and at 70 or so my system calls for taking profits. If we have a good few days next week and RSI's get there I will sell 50%. Probably my s and c funds and look for further ideas. I think we could get another 2-3 % more before we get there.

New month coming up.
 
Sounds good to me clester, I'm still 100% "S", but my finger is on the button!
 
Starting to get a bad feeling about the "cliff" and the stock market. I think in the end we will get a deal but I will go into January IMO which the stock market won't like. I still think we could get a little more upside this week and then who knows. I'm thinking right now that I may lighten up Friday. RSI's are still trending up and not to oversold yet. I fund feels like the best fund right now too. Too much attention on the US.
 
clester said:
Starting to get a bad feeling about the "cliff" and the stock market. I think in the end we will get a deal but I will go into January IMO which the stock market won't like. I still think we could get a little more upside this week and then who knows. I'm thinking right now that I may lighten up Friday. RSI's are still trending up and not to oversold yet. I fund feels like the best fund right now too. Too much attention on the US.
Click to expand...

I have the same feeling. If anyone mentions a "no deal" before Christmas, I think the market is headed South.
 
The good news is thst the market didnt sell off today. Apparently traders think a deal is coming. Im not so sure but my system is still on buy.
 
clester said:
The good news is thst the market didnt sell off today. Apparently traders think a deal is coming. Im not so sure but my system is still on buy.
Click to expand...
The I fund or Efa is testing a triple top. The S fund broke above it's 50 dma and is pausing and maybe it will test it. C fund tried to beak above it's 50 dma and failed. The RSI's are all still in uptrend and not overbought. We're still in bull market and sentiment is negative which is a contrarian buy signal.

So, all in all, I'm still on buy signal but if we have more than a pause it may be time to take a little off. A 2 or three day pullback is no problem. In any case, I will stay at least 50% in as long as we stay above 200 dma's.
 
i have no doubt that congress will come to an agreement. i just hope all this negative talk keeps pushing prices down this week ... i'm 97% sure i'm gonna go all in on friday.
 
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