DreamboatAnnie's Account Talk

Nice DBA! Not sure we're through with ride though! Could get ugly again before it settles down. Still out but I always have trouble getting back in. I usually jump too soon. Best of luck!
 
Thank you Scout333! :smile: I appreciate your nice comment as this has been a tough year for me. I agree with you... I don't think the ride is over just yet. Futures are down just a bit right now. No telling what happens tomorrow.... so while I am feeling great, I know that can change very quickly... hence the powder.

Still thinking about not staying in too long. Thinking a few more days.... ???? I will be keeping an eye on Stochastics and MACDs to look for the exit but I am thinking it is so volatile and quick moving, it may not matter...Also agree I have trouble jumping in and getting out. When I am in, I want to be out and when I am out, I want to be in.....:rolleyes:

I still believe we get a double bottom, but who knows! I am just hoping for one or two more good days. Best wishes to you!!!!! :smile:

Nice DBA! Not sure we're through with ride though! Could get ugly again before it settles down. Still out but I always have trouble getting back in. I usually jump too soon. Best of luck!
 
I'm with yiou DBA - I'm still down about 2.10 from last week (was more before yesterday) - just trying to recover some/most of that before I exit - not sure if last night might have been the best stop to get off, hate this 11 central deadline - good luck
 
Best wishes to you too BamaAF!! I was thinking that too before the cutoff....but I wanted more.... :D. Hope I don't regret it later. Actually started thinking to buy more today, but I am going to keep the powder.... need to hold off on that impulse and stick with plan. I need Patience.....:scratchchin:
 
Daily candles starting to form long tails as dip buyers step in for S and C fund buys. Hopeful that means a little more upside, plus Stochastics slowing up and crossing up over 20. MACD crossed over it's signal line and sloped up. But for how long?? No telling but it is looking promising. USDollar looks like it may start to move back up (typically not good for sticks) while 10yr Treasury rates look to be holding steady (good). I am staying put for now. :cheesy:.... 10 trading days left this month.


Best wishes to everyone in your investments!!!!!! :smile:

S fund -mid day
S Fund - Stockcharts - 4 month 10-16-18.jpg


C fund-mid day


C Fund - Stockcharts - 4 month 10-16-18.jpg
 
I'm not a fan of the ceiling getting created here (possibly) on the C fund. Way too close to the 100dma. Of course I could be 100% wrong and this is a floor being built for the next drive to 3000. Good luck!
 
I also don't like it. Resistance is near 100 SMA and at 10 SMA for C fund and at 250 SMA for S fund. I still think a double bottom will happen but in looking at charts tonight I am also not liking the steepness of drop and rise. Seems much steeper/condensed than what happened in Feb-March. The forming V is narrower...Feb-Mar took 11days or so to form. This looks like its finished. Hummm…. but Stochastic and MACD still sloped up. Also noticed that Bollinger Bands are extremely wide.....that's a bit bothersome. :( oh... and instead of already having formed a V bottom, could it be it just hasn't gotten to the bottom of the V thus more severe drop to come?? We shall see.... glad I have some powder but charts are not super comforting. Also see where dollar is moving up as well as US 10 Year Treasury yield (not good)plus I just saw futures... Dow mini down 90 pts. Hope for improvement overnight and for no carry through...


This was a risky entry as I do not like being in a downturn when 3-day EMA is below 5-day, and when Bollinger mid-point is sloped down. So it won't take much for me to exit.

But to counter this I heard Ira Epstein on FBN say he would-be long here. hummm…. :rolleyes:


Best wishes to you and everyone on your Investments!!!!!!!!! :smile:
 
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Well... I decided. Looked at charts last night and the intraday today. I wanted to do a partial exit today, but I am going to stick in one more day. Per FBN, session lows occurred after Mnuchin tweeted he is not going to Saudi Arable for summit. So I guess I am going to hang in there and hope for a small bounce tomorrow. the 10 yr Treasury yield is dropping so that is not affecting the market. What is disturbing is that Earnings are up and yet market continues to drop. Tech and Financial sectors are down. Hummm….

Best Wishes to everyone!!!!! :smile:
 
I know you are done for the month but I was wondering about your opinion today. I'm encouraged by the S fund remaining somewhat resilient while the C is fluctuating. I know it is not much but maybe incremental steps are what are needed to bring the S back into closer alignment with the C. Probably all wishful (very wishful) thinking on my part....
 
Hi McQlives, Sorry to not respond sooner but I was not on earlier... I'm getting ready to look at daily charts now and will post later tonight. Yesterday I did look at Weekly charts. C fund is the best only because midpoint on Bollinger band has not yet started to slope down, but it is flat and in other respects its just not good. But that makes sense as it does represent the bluechip, biggest corps....more stable, etc and I've always heard its the last to drop. :worried:

S fund is definitely worse as it has started to slope down while I fund is the worst of all... it is sloped down and started that back in June. Both S and I fund closing weekly prices have closed below the Lower Bollinger band for the past few weeks while C has not done that. But C fund weekly is just slightly above the 50 SMA. Volume on C fund was very low this past week....where is everyone????? All this is clearly visible on a 3 year weekly chart. Ha...late last night, I watched the Grok Trade video that Nnutt posts on that thread. Wow... That guy is clearly stressing need for caution ...thinks it will go down more.

i have been using Bear market strategy for last couple months or at least trying. Trying to not do 100% entries so some money is safe, and trading with short quick entry/exits... But I do plan to still enter to try to make a little money but it will be riskier. For now, I will be waiting for new IFTs in NOV but dont plan to enter until after election..... If I entered before tgen, it would need to be a case where indicators /charts looked so good I couldn't resist! :D

Also, I would not be surprised if we had a jump up this week if earnings are great....lots of earnings from big guys this week...think Alphabet reports as well as lots of economic news and real GDP on Friday. But if we get great news and the market does not explode upward, I would then be much more weary of market...will see...

Best wishes to you and Everyone!!!!!!! :smile:
 
Thanks for the reply! First, I agree with everything you said. I was looking for a glimmer of sunshine in regards to today’s trading when I posted earlier....got more gloom as the day ended 😖. I am happy to be on the pad but looking for an opportunity to present itself soon.
 
Not sure when the next opportunity to enter will happen. Daily charts look ugly. Price has pulled away from lower Bollinger band, but looks like all equity charts want to test the lows from earlier in year so maybe able to buy in at even lower prices. From safety standpoint, until there is a crossover back above the 20 line on Stochastic, I wouldnt even think of going in. But no IFT left so its not like I have much choice but to sit and watch....

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C Fund
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SFund - Darn, I know it cut off right side of chart....Using Tinypic.com to try getting clearer image for posting but looks like I may need to decrease width on chart....hummm.....But this is much clearer....:rolleyes:
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Yes... it sure is ugly... I thought we were going to have a nice day in the market... well... at least positive when it started up this morning. Like I said before, it does look like we are going to test the Feb lows. Not too far from it now on the S Fund, but C fund has a ways to go....

Oh and I fund just continues to spiral. But then again, it did hit the Death cross back in July.

Not sure how long it will take to run its course. Humm….. 5 more business days until many of us get replenished IFTs. Still..... I will use Bear Market Strategy... not that we are in a Bear market yet, but it sure is grumpy... then again.... kinda scary...:worried:


Best Wishes to you all!!!!!! :)
 
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