DreamboatAnnie's Account Talk

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Had my finger on the trigger today, looking at what appear to be bottoming tails... allot of folks jumped in on the AT. Nice string of charts, would be interesting to stitch them all together! Asia is down in the first hours of trading.
 
Whipsaw said:
Had my finger on the trigger today, looking at what appear to be bottoming tails... allot of folks jumped in on the AT. Nice string of charts, would be interesting to stitch them all together! Asia is down in the first hours of trading.
Click to expand...
Hi WS, So are you thinking to jump in tomorrow?

Here is a positive article on jobs, but indicating good news might be taken as bad.
The December Jobs Report Is Released Friday; Here's What to Expect - TheStreet

Thanks for compliment on charts. I would love to print them, tie them together like a banner...just to look at them! :cheesy:
 
Oh. Oh. China down 7.3% with 4 hours to go. Dow and S&P futures down too....but thankfully nowhere near that. So I guess this means China has not yet halted a sell off. Isnt that what happened Monday???
 
DreamboatAnnie said:
Very good article on China. Yes..that is what happened...again....except this time market could only stay open 15 minutes.

China Stocks: Trading Called Off for Second Time This Week - WSJ

Here is second good article.
CHINA SHUTS STOCK MARKET AFTER 7% MELTDOWN IN 15 MINUTES OF TRADE | Business Insider
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And some people in this Country want elect an avowed socialist as President ........ if anyone is paying attention, they are getting a front row seat on where we are headed. Socialism is wonderful until you run out of other people's money. Glad that I am on the sidelines for this bloodbath.

Frank
 
Lakebound said:
And some people in this Country want elect an avowed socialist as President ........ if anyone is paying attention, they are getting a front row seat on where we are headed. Socialism is wonderful until you run out of other people's money. Glad that I am on the sidelines for this bloodbath.

Frank
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You and me both!!! Very glad to be on the sidelines.

For about a micro-second this morning, I was thinking ... Is this the day to be a bottom feeder (as I greedily rubbed my hands together)? I think not. I am going to stick to my strategy even if I have to cry from the sidelines as the markets go up. Gotta stick to the plan this time. Patience.... Patience.... Patience. Must see a good up day or two. Jump in for only a couple days... not try to make all the money in one buy and get out!

So since China has now suspended its automatic market shutdown (for 15 minutes when triggered by a 5% loss, and full day shut down when it hits 7% loss), I am wondering what will happen tonight/overnight as they head into Friday. Blood bath in China tonight? Blood bath in US tomorrow? Will the jobs report be spectacular and if so, won't that cement the rate hike coming late this quarter? Will Yellen and friends try to make us feel better by hinting no foreseeable increase in March if the number is bad??? But will it matter because if the number is bad and with China, raises question of are we heading into a recession? So the job number needs to be neutral. And oil way down today. Hummm........:sick:

On the positive side, I do see a buying opportunity... maybe Tuesday next week. Hopefully by then the smoke will have cleared just enough. Hands off to those brave enough to enter today.

Best Wishes to Everyone on Your Investments!!!!!!!!! :smile:
 
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Hope and optimism (sentiments) are good but can be dangerous.

Just a bit ago, I heard that job numbers may be very good tomorrow. I checked China's market and they are up right now. No bloodbath even though their circuit breakers are no longer on. I was thinking...dang should have bought in today.

So maybe things go up tomorrow. Then again, maybe just a small bounce before things resume their course.

I am wondering why did China not continue its sell off tonight?? What changed?? More importantly, when will the Bank of China or Government drop the other shoe?? Well....it will happen without warning. May be Blindsided....Never see it coming. :buttkick: China's cheap shot! so i guess the uncertainty and fear will continue ...all year?
 
DreamboatAnnie said:
Hope and optimism (sentiments) are good but can be dangerous.

Just a bit ago, I heard that job numbers may be very good tomorrow. I checked China's market and they are up right now. No bloodbath even though their circuit breakers are no longer on. I was thinking...dang should have bought in today.

So maybe things go up tomorrow. Then again, maybe just a small bounce before things resume their course.

I am wondering why did China not continue its sell off tonight?? What changed?? More importantly, when will the Bank of China or Government drop the other shoe?? Well....it will happen without warning. Blindsided. Never see it coming. Its a cheap shot! :buttkick:
Click to expand...

it's like the nfl, rigged.

so all you can do is hit it when you think you see it and grab some.

be nimble, be quick, watch out for the candlestick.
 
burrocrat said:
it's like the nfl, rigged.

so all you can do is hit it when you think you see it and grab some.

be nimble, be quick, watch out for the candlestick.
Click to expand...
lol...your right! Gotta make sure I jump over te candlestick just right! :blink: Still sticking to my strategy......hummmm.............now which one was that???? :D
 
DreamboatAnnie said:
Hope and optimism (sentiments) are good but can be dangerous.

Just a bit ago, I heard that job numbers may be very good tomorrow. I checked China's market and they are up right now. No bloodbath even though their circuit breakers are no longer on. I was thinking...dang should have bought in today.

So maybe things go up tomorrow. Then again, maybe just a small bounce before things resume their course.

I am wondering why did China not continue its sell off tonight?? What changed?? More importantly, when will the Bank of China or Government drop the other shoe?? Well....it will happen without warning. May be Blindsided....Never see it coming. :buttkick: China's cheap shot! so i guess the uncertainty and fear will continue ...all year?
Click to expand...

I heard that China has temporarily dropped the automatic 'circuit breakers'. The thinking being that they actually CAUSED the two 7% drops. That is, when the market began to go down panic selling began and snowballed to avoid being caught/cutoff at the 7% number. With no 'trap' in place there seems to be less panic.
At least for now. Whatever the truth it sounds plausible.
 
exnavyew said:
I heard that China has temporarily dropped the automatic 'circuit breakers'. The thinking being that they actually CAUSED the two 7% drops. That is, when the market began to go down panic selling began and snowballed to avoid being caught/cutoff at the 7% number. With no 'trap' in place there seems to be less panic.
At least for now. Whatever the truth it sounds plausible.
Click to expand...
that maybe part of the story. Check out this article...especilly last few paragraphs. China limiting stock sales 1% per quarter now. New rule....so April 9 maybe another date to watch.

China lets yuan slide, starts fight to halt turbulence | Reuters
 
DreamboatAnnie said:
that maybe part of the story. Check out this article...especilly last few paragraphs. China limiting stock sales 1% per quarter now. New rule....so April 9 maybe another date to watch.

China lets yuan slide, starts fight to halt turbulence | Reuters
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Hello, well....thinking I misread that article. It does not mean April ...just a limit on quarterly sell off allowed for larger Chinese stocks. So me thinks the China selloffs could occur at any time. Just depends on how the new rule gets applied....or not.

Maybe financial quarterly earnings this coming week can lift market, but seems it is heavily based also on market sentiment. Would seem the lower oil and China issues just triggered a sentiment here in US that equities are too high and the masses want to see a large drop before they jump back in. Also more than a few calling oil's bottom at between $20-$25. We're a ways off from that and it could take a few months to drop that much...if it does.

So how much lower????

Still planning to be conservative and sticking to downtrend strategy.

Best wishes to everyone on your investments and have a good weekend!!!!!!! :smile:
 
Some good reading...to go with your coffee... Could explain low close Friday.

Looking at charts, maybe we have an up day as it just cant keep dropping without a short DCB. Seasonlity and my bearishsentiment indicates I should jump in. ..But I am sticking to downtrend strategy and will wait for those indicators .....so NO entry on Monday for me.

Best Wishes to you all on your Investments!!!!!!! :smile:

http://www.cnbc.com/2016/01/08/heres-why-we-have-a-bounce-but-with-no-enthusiasm.html
 
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DreamboatAnnie said:
Some good reading...to go with your coffee... Could explain low close Friday.

Looking at charts, maybe we have an up day as it just cant keep dropping without a short DCB. Seasonlity and my bearishsentiment indicates I should jump in. ..But I am sticking to downtrend strategy and will wait for those indicators .....so NO entry on Monday for me.

Best Wishes to you all on your Investments!!!!!!! :smile:

http://www.cnbc.com/2016/01/08/heres-why-we-have-a-bounce-but-with-no-enthusiasm.html
Click to expand...


Futures are up modestly this morning as I type. I do concur with the seasonality for the next week. I dipped my toe in on Friday, hopefully we can both have this work out for us. Sadly it there is a rally, I see it getting sold almost right away.

I just may join them and then wait for the bottom again.

Frank
 
Lakebound said:
Futures are up modestly this morning as I type. I do concur with the seasonality for the next week. I dipped my toe in on Friday, hopefully we can both have this work out for us. Sadly it there is a rally, I see it getting sold almost right away.

I just may join them and then wait for the bottom again.

Frank
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Agree it might get sold quickly. I am keeping in mind that Friday morning the market was up, started to drop to 0 by about noon and then dropped during the last hour or so of trading. This week there are some earnings reports so maybe that will help.

But more importantly, I have eyes on political arena. Isn't Iran supposed to get $150billion or so released by US this week per that horrendously ridiculous Iran agreement that Obama is going forward with?

Not sure what Congress can or will do to stop it. But if that happens, gives Iran more money to move forward with ramping up their oil production. They indicated that would be happening this month. So flooding market, or even more news on that could tank the markets more IMHO. So still very tentative about the market. I may wait until FOMC meeting last week in month or until indicators get better to enter market. So I am trying to be patient. Its a long year ahead and hoping for better opportunities with lower risk.

Best wishes to you and everyone on your investments!!!!!!!! :smile:
 
Just heard Gary Kaltbaum of Kaltbaum Capital Management on Cavuto. I like this guy because he is a straight talker and does not try to dodge questions.

He said market Reminds him of 2007-08, 1999-00, 1973-74 drops States market has been on steroids with years and years of zero interest and printing of $15-20 Billion around globe and thinks that game is up. Thinks markets are no longer listening or caring about what central banks do. Said in last few weeks both Europe and Japan announced more QE and markets reacted badly.

Believes in bear market now and that the next 6 months will be worse than last 6 months. Because not had a bear in 7 years ( normal) believes DOW will go from 18,300 at the top (now at 16.3k) into the 14000s or possibly 13000s.

States we are in a "Profit and sales growth recession".

If you had to invest, he would invest in food, drug, tabacco, household products, beverage...but don't expect much earnings...flattish to maybe 2% this year. Steer clear of big winners from last year. Shorter term corporate bonds okay but avoid junk bonds.
 
I don’t think we are going to see any significant gains till after the election.
I don’t believe in timing market so I will continue to buy and hold. It will recover and the bulls will run eventually.

DreamboatAnnie said:
Just heard Gary Kaltbaum of Kaltbaum Capital Management on Cavuto. I like this guy because he is a straight talker and does not try to dodge questions.

He said market Reminds him of 2007-08, 1999-00, 1973-74 drops States market has been on steroids with years and years of zero interest and printing of $15-20 Billion around globe and thinks that game is up. Thinks markets are no longer listening or caring about what central banks do. Said in last few weeks both Europe and Japan announced more QE and markets reacted badly.

Believes in bear market now and that the next 6 months will be worse than last 6 months. Because not had a bear in 7 years ( normal) believes DOW will go from 18,300 at the top (now at 16.3k) into the 14000s or possibly 13000s.

States we are in a "Profit and sales growth recession".

If you had to invest, he would invest in food, drug, tabacco, household products, beverage...but don't expect much earnings...flattish to maybe 2% this year. Steer clear of big winners from last year. Shorter term corporate bonds okay but avoid junk bonds.
Click to expand...
 
Everyone needs to do what they think best ....based on your situation. I am in capital preservation mode, but I veer off on occasion. Hopefully, I will not pick the wrong time to do this! Visions of 2008 dance in my head!! :rolleyes:

Best wishes to you and everyone!!!!!! :smile:
 
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