DreamboatAnnie's Account Talk

RSI for all charts are down and Slow Stochastics have also fallen below the desired 80 (for the most part).
If it continues on this path, things could look rather dismal by Fridays close. This may be the pullback some have been waiting for.
In this market though............who really knows??
:dunno::eek1:

 
Still not seeing a reason to enter.

Yes, I noted 10 yr bond yields climbing. Feels like we are somewhere in the beginning of the rise of the 10 yr…the stock market will fall and at some point…regardless of the rising yields the market will start the bull run. We are still 45-75 days away. Until then…it is a dangerous play. We should see some quick drops soon. Catch a lot of investors here in the trap.
 
Charts! Contemplated a quick one day in and out due to what appears to be a short-term, knee-jerk reaction to Chinese meeting with Russia but decided against it. Also per FBN, this morning Morgan Stanley reported market may drop 26% in first-half of 2023. Hummm...:rolleyes: But specifically, reason for staying out is that MACD is still below its signal line and its histogram is still turned down, Stochastics not yet below 20 and trying to bank on a news-based bounce is very risky IMHO. Best wishes to you all! :smile:

01 - S FUND - DWCPF DAILY.png

02 - C FUND - SPX DAILY.png

03 - I FUND -EFA DAILY.png

04 - F FUND - AGG DAILY.png
 
Charts -- so all funds are now under or touching Pink line, so now looking for a rise to consider ENTRY. I also prefer to only be in when MACD (default) is rising. Best wishes to everyone! :)

01 - S FUND - DWCPF DAILY.png

02 - C FUND - SPX DAILY.png

03 - I FUND -EFA DAILY.png

04 - F FUND - AGG DAILY.png
 
Charts -- so all funds are now under or touching Pink line, so now looking for a rise to consider ENTRY. I also prefer to only be in when MACD (default) is rising. Best wishes to everyone! :)

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EEKS! Stock Market turned real ugly just like the bond yields and stubborn inflation indicators of recent was telling us. For sure we are heading into a ression and you know that it is going to get pretty ugly as history has shown for the stock market. We are heading to retest stock market lows and new highs for the 10 yr bond yields. Look out below folks. Preserve your cash. 🤮
 
Thank you for your comments Felix! :smile: I agree, it is getting much more risky.

Morgan Stanley has stated we will drop 26% during first half of this year. Later in the week, FBN reported that MD mentioned 3,000 on S&P. eeeeekkk!
 
Not yet entering... waiting. I am looking at correlation between current pattern and that which occurred in the first couple weeks of December (S fund) where pink line was hit 3 times, price went above 20 on Slow Sto and then reverted to hit lower. Uggh.....
 
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