DreamboatAnnie's Account Talk

[DreamboatAnnie]

Your Welcome Flalaw! :smile: I am going to study the 20 point spread in Slow Stochastic (SloSto) for next few months just to see how it fares. If price had it up at 92 and then dropped to 72, that might not be too bad, but I would like to look at that more. RSI-2 seems to be too quick and can give lots of whipsawing, but I tend to keep eye on it. Right now its dropping on DWCPF, but the positives are that SloSto is rising and MACD histogram is rising, and price right now is above the lower blue trend line. But, if I had another IFT this month I would immediately move to C and I funds. I am preserving my two IFTs for an exit if price does rise high enough to pocket some gains (seems uncertain but earnings should be reporting this week), and have one IFT left to re-enter at a lower price point later this month. No telling how market will receive good news in earnings, plus still have Fed meeting to deal with this month.

Best wishes to all!

Thank you for all of the detail! I think that what I was sensing was that "strength" of the trend and you are definitely right that you may experience a significant loss waiting for that much separation. I will do some more studying on the MACD and RSI - so many indicators, so little time Thanks Again, good luck!

 

[DreamboatAnnie]

Here are charts -

 

[DreamboatAnnie]

DWCPF Price still below blue trendline, so breakout still in question. It definitely broke down last week. Will earnings push it up this week??? Still thinking about exit. Will see.

 

[DreamboatAnnie]

Today's charts. S fund continues to show weakness. C fund continues to chug uphill. I Fund showing some promise as it peeked above lower trendline yesterday and now on the fence. I guess we are awaiting news, though the CPI numbers this morning were not good. Best wishes to you all!

 

[flalaw97]

Looks like I fund daylight, but no reason for me to jump out of C fund yet. Thanks for the charts and good luck to all.

 

[DreamboatAnnie]

I again contemplated move to C Fund, but didn't. I have not followed any of my exit rules and am now paying dearly for it.

Also, I made big error by jumping in early (at end of June, before S Fund had started to climb) in attempt to manage my two IFTs for July. I do believe I need to never let that color my decision again. Ugghhh.

 

[ravensfan]

Not trying to rub salt into the wound, but going back to June 28th the S fund has been down 10 of the past 12 business days. :yuck:

The law of averages says that this thing can't go on forever, but WHEN will the trend reverse...:worried:

 

[cedarpine]

I again contemplated move to C Fund, but didn't. I have not followed any of my exit rules and am now paying dearly for it.

Also, I made big error by jumping in early (at end of June, before S Fund had started to climb) in attempt to manage my two IFTs for July. I do believe I need to never let that color my decision again. Ugghhh.

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[cedarpine]

View attachment 49938



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[DreamboatAnnie]

Good info CedarPine based On IWM. Thanks! I didn't look at that chart in early July.

Definitely know about crossovers. See post 3678-3880. Price had dropped three days after breaking through resistance previously, so I thought it was retesting that line. As it turns out, it was a failed breakout! Uggghhh.... Then ... I waited to see a recovery. It did break back above but dropped once more but Friday was obviously a dead cat bounce. I had said I would exit at 2248 or 2249. So, I am two days late on that stop loss. Eehhhhh... :blink: Maybe using an Excel spreadsheet to track decisions and criteria might be in order!

What do they call that when poker player loses a big hand? That's where I'm at..... I guess I exit on next bounce. The 21 day MA is used by many. I try using 5 and 7 and 10 EMA, but ignored it this time. If it drops further, it may not be pretty.

 

[DreamboatAnnie]

Today's COB charts.

 

[DreamboatAnnie]

So S fund closed at 1286.94. Per my chart next resistance is around 2178.73 (red line). Also, today's price touched the lower Bollinger Band. Obvious concern is that price will start to ride that band further down. I consider next stop/exit to be 2178, but may not be able to watch tomorrow. Hummm... Would like to exit on a bounce.

 

[cedarpine]

So S fund closed at 1286.94. Per my chart next resistance is around 2178.73 (red line). Also, today's price touched the lower Bollinger Band. Obvious concern is that price will start to ride that band further down. I consider next stop/exit to be 2178, but may not be able to watch tomorrow. Hummm... Would like to exit on a bounce.

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[joblin20]

I bounced to the c fund last friday. If it drops another percent, I am out.

 

[DreamboatAnnie]

Hi Joblin, Good move. But I would watch for the breakdown like you said. Notice how yesterday's action, considering wicks, stayed within the upper and lower (red) trendlines (extend them) of this Rising Wedge, which eventually should break downward. Drop below 7 EMA (Lime) might be a good exit signal ....or even now...see how price has started to pull away from that upper band? Looks to be very close. Unless there is some kind of great news to pump it up?

Best wishes to you and everyone!

PS. Probably not posting more today.

 

[DreamboatAnnie]

Exited to F When I don't follow my rule about exiting when price gets below 10 EMA (drop dead exit point) or enter when I know price will test support, I lose money! ;damnit. Hummm... What the hell was I thinking? Lol... Oh well.. Wishing you all a Great weekend! I plan to start mine with a Mango Margarita! Cheers! :beerchug:

 

[DreamboatAnnie]

Charts. S fund slipping more as well as C and I. Maybe inflation fears are taking grip. Bond yields dropping. F fund looks good....until it doesn't. F Fund is near 70 on Slow Stochastic and moving up, so looks like maybe some money can be recovered there. Will see if stocks outlook changes next week, but for now gotta stop the bleeding.

Since I did not follow drop dead exit rule, I reset exit for red line. welp.. price dropped below the red line yesterday; hence decision to exit. Don't like it, but maybe eventually I will follow my exit rule! Best wishes to you all! :smile:

 

[felinecrl]

I agree with you. Cheers to you too!

Exited to F When I don't follow my rule about exiting when price gets below 10 EMA (drop dead exit point) or enter when I know price will test support, I lose money! ;damnit. Hummm... What the hell was I thinking? Lol... Oh well.. Wishing you all a Great weekend! I plan to start mine with a Mango Margarita! Cheers! :beerchug:

 

[felixthecat]

I’m with DB. Saw 666 come up today while trading. Gave me the hibbie jibbies. S Funds is not oversold yet and the MACD blocks are getting larger on that negative side. I definitely prefer C fund but gotta say it looks like it is going south and about to crossover to the dark side as well on the MACD. We need a correction on C fund and will get it as it follows the S fund.

https://stockcharts.com/h-sc/ui?s=$DWCPF
https://stockcharts.com/h-sc/ui?s=$SPX
Markets Diary
https://money.cnn.com/data/fear-and-greed/

Nice charts there DB!

 

[DreamboatAnnie]

Thanks Felinecrl and FelixtheCat. So just a bit ago, I finally had chance to see what happened in markets. Not surprised. Oh gosh Felix, the 666 would spook me too! Definitely agree with your points, and it does look like C fund is following S fund. Thank you for articles and charts!