DreamboatAnnie's Account Talk

For quick reference, I am posting this info on Economic and Earnings news coming out this week per Maria Bartiromo's Wallstreet.
Of course, there are plenty of sites that have more comprehensive lists, but I think she does a good job of hitting highlights.

Earnings-Economic for Week Starting Aug 10 2020.jpg
 
Hi Wahinepio,
I do not see them kissing on SPX and DWCPF. See below. But I am watching closely as we are extended. The whole market is always of concern, but C and S fund are in uptrends. I may reduce exposure today a bit. Best wishes to you and everyone! :smile:
DWCPF -daily.png

SPX now.png
 
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I selected MA on the 13. I see your EMA now. Thank you so much for your quick response. I constantly look forward with respect to your comments as I try to glean. I should have grabbed the July 4 special from IRA. Best wishes to you and all as well.
 
Decided to leave things as is. Should gave exited I fund, but intraday I see it turning up and MACD histogram seems to indicate it could turn up as well..
Best wishes to you Wahinepio! :smile:
 
Here are the day's closing charts. Its still running up along the upper Bollinger Band, and Slow Stochastics are (K and D lines) both over 80 and have been embedded since last Monday. Instead of waiting for 13 EMA to cross below 20SMA, I will likely exit when the K line (black line)on Stochastics drops below 80.
$DWCPF =S Fund

DWCPF -daily.png
 
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Here is the C Fund=$SPX---I added something new to charts...just testing it out for a time. 2nd RSI with setting of 2. This is something Romulus from Grok Trade uses on his charts. I really like it much more than regular (default=14) RSI settings. It accentuates the Highs and lows. Will study it for a time before deciding on whether to make it permanent...but even now, I think there is no going back! :D:D:D

SPX now.png
 
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Can you explain a little what the slow stochastics represent? I am looking for signals that the S fund will drop out of its current trend upwards in the band and if I understand your comment below, you believe that would be when the stochastic drops below 80? Thanks for all the work on these charts!
 
Thanks Whipsaw! Hi Wahinepio! Yesterday, I thought about exiting F fund as it was dropping for a couple days (see Stochastic) , but decided to stay in, against my strategy, but .. I figured oh well only 15% invested, but that's flawed thinking! Eeeee.... will likely exit F today and maybe pocket a lil profit on equities. Will see... I tend to exit early... hummm... C, S very overbought but still embedded, though when price pulls way from Bollinger in uotrend, it can mean market is going to start trending sideways or drop. Will see.. but dont want to exit too much as its early in month.. hummm...
Best wishes to you all*!!! :)
 
Reducing Exposure to 50% equities...C10, S30, I-10. I fund breaking out but down cross on 13EMA below 20 SMA...so should exit but just reducing by more than half. Best wishes to all! :smile: Wait...making it c10. S35.i5
 
Can you explain a little what the slow stochastics represent? I am looking for signals that the S fund will drop out of its current trend upwards in the band and if I understand your comment below, you believe that would be when the stochastic drops below 80? Thanks for all the work on these charts!

Hi Flalaw97,
The Stochastics are identified as a leading indicator for market pricing and trend, or so I have read. I like that, but its not perfect and it can and does whipsaw at times. In my own experience, I think it does give a little indication of where market might be going...but one can never be certain. So many factors affect the market! Often its very news or Fed-driven! I attached links to very good articles on Stochastics that gives good explanation on how some use it.

If you look at 6 months or a year or years of price action on chart, look at how the Stochastic and MACD move in relation to price. In my observations, I have seen where price getting below 20 and then moving back up can provide a nice entry point while drops below 80, after market has been in uptrend, offers strong indication its time to exit. But again, its not perfect and yet many consider this as good method for trading.

In making trading decisions I often consider MACD, RSI, Stochastics, Bollinger Bands, Moving Averages, Points of Support and Resistance though I do not draw those lines on my charts. I look at multi-year weekly, monthly charts for perspective, but mainly use daily charts and some Candle formations in addition to the news.

I have studied Stochastics enough to place some reliance on it for my personal trading, while also considering other factors stated previously. I do not rely on it 100%. For example, today, my decision to reduce exposure to I Fund was because while it has broken out above resistance, and it will likely go up another day or two or more, I saw the gap up and decided I needed to pocket some of the gain. I did see Stochastics but it did not weigh in on that decision. Each person has their own strategy or method for trading and tolerance for risk. My tolerance is very low as I am close to retirement. It factors in to my decisions greatly!

Disclaimer: Please do not take anything I say as trading advice as I am definitely a novice.

I suggest watching Ira Epstein's end of day financial videos, and read as much as possible about different methods folks use to read the indicators.

Here are a couple good articles on Stochastics. Happy Reading! Best wishes to you Flawlaw97!! :smile:
https://www.investopedia.com/articles/technical/073001.asp

https://tradingsim.com/blog/slow-stochastics/

PS. I have also used double cross strategy where both MACD and Slow Sto have crossed above their signal lines. Here is an article on that. But because Slow Stochastic often starts moving up with price before MACD crosses upward, you do often lose out on gains fir the few days it takes for MACD to cross up to give the dual signal for entry.
https://www.investopedia.com/articles/trading/08/macd-stochastic-double-cross.asp
 
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THank you so much for the detailed explanation and the links. I will continue to do the reading and researching to find my own comfort levels with the different analytical tools. Best of luck!
 
Your very welcome Flalaw97! :smile:

So, today I lost a bit on my partial exit. ughhhh...market was up and in last hour of trading, the market dropped due to news coming out about college football not being played by some this Fall. Boom! Down it came! It's frustrating! Wanted to pocket a little gain. But oh well... I am glad that I only reduced some. I have had this happen before and so I rarely exit 100% on one day. I like to spread out the risk of a late day unexpected bad news day.
 
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