Corepuncher's Account Talk

Sort by newest Sort by date
S&P futures up 37 pts right now.

Ok...I've learned my lesson (multiple times). Make your gameplan the day before so you don't get caught up in the emotion of the market.

My gameplan is...to get the hell out of this market. I am probably wrong, but I feel there is a good chance that tomorrow's close will be the high before we start another leg down. Take advantage of the shorts covering. In fact, I'm going to put in my IFT tonight, so that I'm already leaning in the right direction.

I feel that Friday's "retest" was a fake. I also am holding to my thesis of getting out before the Q3 earnings hit.
 
Corepuncher said:
S&P futures up 37 pts right now.

Ok...I've learned my lesson (multiple times). Make your gameplan the day before so you don't get caught up in the emotion of the market.

My gameplan is...to get the hell out of this market. I am probably wrong, but I feel there is a good chance that tomorrow's close will be the high before we start another leg down. Take advantage of the shorts covering. In fact, I'm going to put in my IFT tonight, so that I'm already leaning in the right direction.

I feel that Friday's "retest" was a fake. I also am holding to my thesis of getting out before the Q3 earnings hit.
Click to expand...

We get 3% tomorrow and I'm also going to exit. I have to decide how much I'll leave to play a little follow through for Tuesday. Tuesday I'm out 100%.
 
ATCJeff said:
We get 3% tomorrow and I'm also going to exit. I have to decide how much I'll leave to play a little follow through for Tuesday. Tuesday I'm out 100%.
Click to expand...

If there IS any follow through. If the rally fades into the close, we're screwed (but more screwed if we stay long). Even if we just hold the futures as they stand now, I will be extremely content to get out. The economy is getting worse, even without housing problems. It's bad. I'm gonna take my gain and run.

If you want to make yourself depressed...look at this video KD just made:

http://www.youtube.com/watch?v=kCvWWqTtSDQ

The last line is the scariest! lol.
 
JTH said:
I don't know who that guy is but he's scaring the hell-out-of me...:blink:
Click to expand...

The "bottom test" last week was a FAKE! EVERYONE GET OUT! This rally will be like a rubber band that snaps violently downward. If you don't get out now, you may be stuck out for years to come! :sick:
 
Corepuncher said:
The "bottom test" last week was a FAKE! EVERYONE GET OUT! This rally will be like a rubber band that snaps violently downward. If you don't get out now, you may be stuck out for years to come.
Click to expand...

Does this mean your getting out and taking a lose?

That's not like you...
 
I am also considering going back to G today. However, as a risky alternative, aren't short covering plays difficult to stop once they start covering their puts? Meaning, if this is a momentum play due to the unexpected bail-out surprise over the weekend, and if there is follow through to the upside, don't you thing that the runaway rally might last a couple more days before plummeting? Moreover, consider the latest tracking of Hurricane IKE. Its most likely projected path is set to approach the oil platforms near the Texas area on Friday. Maybe we have a couple of days to the upside!

Corepuncher said:
S&P futures up 37 pts right now.

Ok...I've learned my lesson (multiple times). Make your gameplan the day before so you don't get caught up in the emotioacking n of the market.

My gameplan is...to get the hell out of this market. I am probably wrong, but I feel there is a good chance that tomorrow's close will be the high before we start another leg down. Take advantage of the shorts covering. In fact, I'm going to put in my IFT tonight, so that I'm already leaning in the right direction.

I feel that Friday's "retest" was a fake. I also am holding to my thesis of getting out before the Q3 earnings hit.
Click to expand...
 
Last edited:
The bad thing about TSP is the deadline. We have to seriously anticipate the action after 12 eastern time. I'm going to have to exit as much as I would love to let it run.
 
Ok, Who is going to let the C fund run past today. Do you all think there is more upside or just take the profits and get out today??

Thanks, Dave
 
Look at the NASDAQ...it was up 40 not only up 10. The chart is horrible.

Hopefully, this rally will regain steam during the second half of the day. The C fund should hold up well given weight in financials.

This stupid noon deadline is for the birds. We better not crash this afternoon after I sell! :sick:
 
Davehop21 said:
Ok, Who is going to let the C fund run past today. Do you all think there is more upside or just take the profits and get out today??

Thanks, Dave
Click to expand...

Truth is Dave, nobody knows for sure what will happen. But with the impending hurricane I'll be making my exit sooner rather then later...
 
Corepuncher said:
Look at the NASDAQ...it was up 40 not only up 10. The chart is horrible.

Hopefully, this rally will regain steam during the second half of the day. The C fund should hold up well given weight in financials.

This stupid noon deadline is for the birds. We better not crash this afternoon after I sell! :sick:
Click to expand...

CP what about London what impact on the I Fund would that have for tomorrow or even the US markets. They have been down for 6 hours !!!!!!
 
Yields are higher across the curve...5, 10, 30 year bonds...why is the F fund up??

Ike currently looks like crap on the IR satellite. It will continue to weaken as it interacts with CUBA. Oil was up hard this morning then faded...I think there is caution due to Gustav, and that we COULD see OIL sell off over the next couple days as IKE weakens (as predicted). HOWEVER...once IKE enters the Gulf, there is a decent chance it strengthens again, and, could head right for the upper TX coast and really disrupt things.

So on one hand, I could see oil going lower at least for another day. Could be a plus for stocks.

On the other hand, we sold off hard last week. Lower B band penetrated, and today actually might bring us near the 20 SMA...which is a typical pattern judging from the last few times. The continuation of this pattern would be another significant leg lower...perhaps 5-10%.

Being that I will be up near 10% after today if the rally holds, I have to play it safe and get out.
 
Corepuncher said:
Yields are higher across the curve...5, 10, 30 year bonds...why is the F fund up??

Ike currently looks like crap on the IR satellite. It will continue to weaken as it interacts with CUBA. Oil was up hard this morning then faded...I think there is caution due to Gustav, and that we COULD see OIL sell off over the next couple days as IKE weakens (as predicted). HOWEVER...once IKE enters the Gulf, there is a decent chance it strengthens again, and, could head right for the upper TX coast and really disrupt things.

So on one hand, I could see oil going lower at least for another day. Could be a plus for stocks.

On the other hand, we sold off hard last week. Lower B band penetrated, and today actually might bring us near the 20 SMA...which is a typical pattern judging from the last few times. The continuation of this pattern would be another significant leg lower...perhaps 5-10%.

Being that I will be up near 10% after today if the rally holds, I have to play it safe and get out.
Click to expand...

I notice moving to the F Fund what is up with that. Is this a short market for one day & CP what about London being down for 6 hours they haven't been able to trade since 4:17 Am EST so their market was open for 1 hour how could that affect the US market and esp. the I Fund of FV etc.
 
I don't know whats up with the FTSE...if it is really stopped or if the sites just aren't updating right.

NASDAQ just dipped into negative territory...and that is after a 40+ pt rally early. Oh, how I wish we could buy and sell intraday!

My hope is that the rally is revived this afternoon and we head strong into the close. All the foreign countries closed 3-4%+....I hope we do the same. If we close negative, that will be an extremely bearish sign.
 
All US averages are up close to 1%,,,,,,hope they rise until close. Maybe
12:05pm will start the second leg of this rally. I almost feel better its doing
it this way. If it stayed up 3% from the open, we'd have less of a chance
to pull a 2% day off at closing. (IMHO).

CP, how are we doing against resistance and did the candlestick chart
show a bullish confirmation yet.?
 
By the way, Cramer was all hootin and hollerin about how great it is that we all now live in government housing. That way, he says, the FED can change the terms of people's loans so that they can afford them...like lowering the payment, converting to 30 or longer year fixed, etc.

That is BS! What about people like me who did not take on more than they could chew? What do WE get? Can WE get our payment lowered too???

That is just not right, and I can't imagine them legally be able to do it for some, but not all??

Anyway, if that is what Cramer is basing his enthusiasm off of, then it's pretty weak. Even he says the housing bottom is not until next June, in his eyes. I agree with K-Fine on fast money tonight...she is bearish and still thinks there are down catalysts out there, perhaps even Q3 earnings like I have been surmising.
 
You must log in or register to reply here.

Similar threads

tsptalk
  • Article Article
TSP Talk - Something big is brewing - good or bad?
Replies
5
Views
227
robo
robo
tsptalk
  • Article Article
TSP Talk - Stocks bounce back as bitcoin revisits $100K
Replies
0
Views
101
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - That's what a dead cat bounce looks like
Replies
0
Views
125
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - The November leaders are pausing while tech stays strong
Replies
0
Views
116
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - FOMC Day
Replies
0
Views
2K
tsptalk
tsptalk
Back
Top