Epic's Account Talk

Okay, so...... new day & fresh start. :D
Futures as of 8:30 am. They were worse at 7, so there's hope for the day.
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C and I remain embedded to the Upside and the Vix remains embedded to the Downside, so I'll stay with 100% C for now.
I'll be super vigilant when those inflation numbers come out on the 12th, and also when options expiration happens. I think that's around the 19th. Someone please correct me if I'm wrong on that. I just remember we used to take a dip when that occurred mid month pretty regular there for a while. Might be a good thing to sidestep.
 
Almost forgot to mention that Powell speaks at FOMC Press Conference today at 2:30 pm (ET). Just something else to keep an eye on for the Market reaction. Who knows ...... :dunno:
 
Okay, so yesterday sucked. There's no nice way to put it. Never saw that coming, but it is what it is. I simply find it annoying to say the least that this guy can just open his pie hole and the market tanks.
Anyway, so we lost the embedded reading on C Fund, but on the brighter side of things the numbers are showing that more people are getting back into the workforce so we should have strong numbers with the Jobs Report coming out on Friday. If we DO have strong numbers on Friday, we'll see if that offsets some of yesterdays selloff. For that reason, I'm gonna stick with C-Fund for now. Maybe a V shaped recovery from this?? Who knows. I'm an optimist. :fing02:
 
Whelp, Jobs numbers weren't that great. Not "Horrible", but not anything that would negate the sell-off caused by Powell running his mouth. Disappointing to say the least. :(
 
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Just some screen shots from about 8:30 this morning. I'm not sure what to look at any more because to me, the market has proven that it is being driven by emotional knee-jerk reactions and not traditional facts, charts, and other "real time" information that I used to use as a basis of deciding what to do. It's made trying to do this no fun at all anymore. I used to enjoy trying to figure it all out and make decent returns, even with our measly 2 moves a month, but the way the market is so manipulated now, it's frustrating if not impossible. :mad:

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I was on the fence about going 100% I Fund, but decided to stay with 100% C for the time being. I'll see what happens tomorrow and moving forward.
I watched Jpow. Nothing he said was overly positive or negative. Just sort of "middle of the road" ish. Yeah, these are our plans, but we'll make adjustments if we need to as we move forward.......kinda thing. And yet all the funds as of right now (2:00pm EST) are on the rise. Go figure....:blink:
 
I Fund Gapped Up today, so it's going to have to go back and fill that Gap at some point. The S and C are just Meh ...... Options Expiration is right around the corner too. :disappointed:
I'm really hoping we get some sort of positive vibe goin on here so the market can just slowly grind it's way back up to new highs without someone opening their mouth and putting a nasty negative voodoo hex on everything, sending people running for the hills......
Wishful thinking. :cheesy:
 
9:10 am Futures and a link:

I sometimes go here https://www.valueline.com/markets/articles for daily write-ups on what's happening so I can try and make heads or tails of this market mess. It has some good info that I may not be aware of as to what's happening on any particular day.:smile:
Futures in the RED, but things seem to turn around so quickly that we may go GREEN at the open. Who knows....... :dunno:

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So from 'buy' to 'strong buy' to 'sell' in two trading days... does this mean, sell now, or that folks are selling, or have sold?
 
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