clester's Account Talk

[clester]

Still holding

 

[clester]

S&P is flat for 4 days now. Either building a base or a top. The RSI has been right at 68 is the whole time. That is close to a 50% sell but not quite there. I would like to see a pop to get it over before I sell (that's what my system says) but I'm feeling like I might want to go ahead and do it today.

Its been a monster rally off the lows and we could use another small pullback. Maybe to test the 50 dma again?

 

[clester]

S&P is flat for 4 days now. Either building a base or a top. The RSI has been right at 68 is the whole time. That is close to a 50% sell but not quite there. I would like to see a pop to get it over before I sell (that's what my system says) but I'm feeling like I might want to go ahead and do it today.

Its been a monster rally off the lows and we could use another small pullback. Maybe to test the 50 dma again?

Ok. Gonna go ahead with trade by selling 50% to G and 50% C fund

 

[bmneveu]

Its been a monster rally off the lows and we could use another small pullback. Maybe to test the 50 dma again?

That would create the right shoulder I've been waiting on. I think we start to pullback next week. 3-4% down would make the pattern all pretty and symmetrical.

 

[clester]

Its been a monster rally off the lows and we could use another small pullback. Maybe to test the 50 dma again?

That would create the right shoulder I've been waiting on. I think we start to pullback next week. 3-4% down would make the pattern all pretty and symmetrical.

Sounds like a perfect setup if it plays out. I wouldn't get too bearish though maybe a week or so break. That's why I only went out 50%. C fund is stii in a bull market

 

[clester]

Nothing new to report. We are just below 70 RSI on the S&P. We could get a little more of a rally to get us over it but we don't need much. At least a small pullback should happen soon. At worst I expect a test of the 50 dma. C find is only stock fund still in a bull market. I fund is in a confirmed downtrend and S fund has yet to make a new high. So, the markets are not in an all clear mode yet.

 

[clester]

Nothing new to report. We are just below 70 RSI on the S&P. We could get a little more of a rally to get us over it but we don't need much. At least a small pullback should happen soon. At worst I expect a test of the 50 dma. C find is only stock fund still in a bull market. I fund is in a confirmed downtrend and S fund has yet to make a new high. So, the markets are not in an all clear mode yet.

C fund at 69.5 as I write this. We can go higher (that's why I'm in 50%) but the s&p doesn't get above 70 RSI much and if it does it doesn't usually stay there long. So, I expect a pull back this week sometime.

 

[clester]

C fund at 69.5 as I write this. We can go higher (that's why I'm in 50%) but the s&p doesn't get above 70 RSI much and if it does it doesn't usually stay there long. So, I expect a pull back this week sometime.

Now at 70!

 

[JamesE]

I think today may have been a good day to step aside for a moment. The S&P has moved up ~215 pts or so to this point off the low. 2011 is the last time a move that big with no retrace happened I think.

Considering seasonality, are you planning to stay out long? Black Friday numbers usually give the market a nice shot in the arm.

At these levels, I'm nervous as a dog crapping peach seeds...

 

[nnuut]

Now that there is funny!

 

[clester]

So, we got to overbought RSI on S&P which should start a pull back to at most the 50 dma. Maybe less. S&P is still in a bull market so my system says to stay in at least 50%. I will look to go 100% if we get a successful test of the 50 dma or the RSI comes off to 50 ish area. It may not get there so thats why I'm in 50%

 

[clester]

So, we got to overbought RSI on S&P which should start a pull back to at most the 50 dma. Maybe less. S&P is still in a bull market so my system says to stay in at least 50%. I will look to go 100% if we get a successful test of the 50 dma or the RSI comes off to 50 ish area. It may not get there so thats why I'm in 50%

Good day to take some profits imo

 

[Bquat]

Good day to take some profits imo

you're scaring me.

 

[Birchtree]

We always need some sellers to free up inventory.

 

[clester]

The S&P just keeps plodding along. RSI. Is over 75 which very rarely happens but in a very strong market it happens. That's why my system keeps me in at least 50%. S fund is still not overbought and needs to break out to a new high to keep from a triple top.

 

[jkenjohnson]

The S&P just keeps plodding along. RSI. Is over 75 which very rarely happens but in a very strong market it happens. That's why my system keeps me in at least 50%. S fund is still not overbought and needs to break out to a new high to keep from a triple top.

Congrats on improving your return in the past few months.

 

[clester]

Perhaps we've started a pull back. I wouldn't jump back in yet. I would love to see a test of the 50dma but not sure if we can get that low. A couple of percent drop may be all we get.

 

[clester]

Perhaps we've started a pull back. I wouldn't jump back in yet. I would love to see a test of the 50dma but not sure if we can get that low. A couple of percent drop may be all we get.

In a strong bull market the pull backs are short. The C fund is in a strong bull market. That's why my system keeps at least 50% in stocks. Also, it's hard to pick a re-entry point unless we can test the 50dma. The Rsi has dropped below 70 but I'm not sure that's a good enough for a new buy signal.

 

[clester]

I would love to see the S fund break out. 1060 is the all time high on $emw. I am looking to buy some S if we can do it. C fund still looks strong. The RSi is falling but there is usually some divergence where rsi falls and price goes up in a bull market for a while. I fund should be the weakest with the climbing dollar.

 

[clester]

I would love to see the S fund break out. 1060 is the all time high on $emw. I am looking to buy some S if we can do it. C fund still looks strong. The RSi is falling but there is usually some divergence where rsi falls and price goes up in a bull market for a while. I fund should be the weakest with the climbing dollar.

C fund has a little double top formation now.