Epic's Account Talk

Pretty much the same start as yesterday. Futures are a tad higher, but nothing amazing. (click the links below) Vix is down.
Fear and Greed has gone up to 60 (GREED)
Maybe another flat day?? :dunno:
I'm contemplating how I want to be going into Jan. 2022. Right now I'm 70%S, 30%C with 2 moves left.
What will happen when the Pro's come back into the Market from their 2 week Holiday vacation?
Will they jump on the bandwagon and push things higher, or slam on the brakes?
What's the set-up??? I got nuthin........:eek5:
 
All indicators that I check still show strength this morning, but one that I keep up with threw up a CAUTION flag yesterday. https://www.tradingview.com/chart/ES1!/ERT9UBL5-es-12-27-update/
If today and possibly tomorrow are a continuation of strong UP days, I may step aside and chill for a bit, waiting for the next cycle. Years ago, I used to be super aggressive with my moves, but I need to retrain my brain to be more conservative and try and sidestep any potential downside. Those hard and fast downturns HURT :dead1: and seem to take forever to recover from. Like Ira says, "You don't need to be in ALL the time". Your time will come. Just wait for it.
I'll be watching things closely.......
 
Great start for the week, and just look at the end of day, strong up-tic in the northern direction on the C, S, and I fund charts. That's a confidence booster that momentum should carry over into tomorrow, but it is going to be Turnaround Tuesday, so that may offset things a bit. I remain optimistic though. We shall see......
 
It sounds like they will allow unlimited transactions for anything within the "mutual fund window" limited only by the limits imposed by the mutual funds we may select from. I thought mutual funds were not as good as investing in EFTs. Will need to look into that....

Epic said:
Also, I'm not quite sure what the below quote from the article means. No limits on how many trades per month OR no limit on how many funds you can trade with the current 2 trades a month limit we have now. ?.?.?
"There will be no limit on trades once participants enter the window, though some specific funds may have their own, Nohe said."
What's the sense in having a mobile app with all the advantages such as live 24 hour chat and virtual assistant if you can still only make fund transfers twice a month? Does this app open the door to Hackers getting access to our accounts?
Click to expand...
 
Also, I'm not quite sure what the below quote from the article means. No limits on how many trades per month OR no limit on how many funds you can trade with the current 2 trades a month limit we have now. ?.?.?
"There will be no limit on trades once participants enter the window, though some specific funds may have their own, Nohe said."
What's the sense in having a mobile app with all the advantages such as live 24 hour chat and virtual assistant if you can still only make fund transfers twice a month? Does this app open the door to Hackers getting access to our accounts?
 
I'm gonna hang in there. Everything I've looked at has been very positive. I hope if there IS a pullback next week, that it's minimal or better yet just a pause sideways, and then a continuation upwards. Fingers crossed ! ! ! ! ! ! ! :nuts:
 
Revshark talked about this today. The said that we get a lot more "V" bottoms these days because of FOMO (fear of missing out) from the people who missed buying the lows and are waiting for a dip. Because of FOMO, there's a constant bid from these people keeping the rallies going. So, the market doesn't test the lows as much as it used to.

But of course we live in a world where if it bleeds, it leads, so you never know which headline will be the next to scare folks out again.

There, that should make it less easy to make a decision. :D

Good luck, whatever you decide!
 
Nice start for the day!!! I have 2 moves left for this month. If this day stays solid UP, that makes 3 strong solid UP days in a row. Will there be a pullback on Monday after this weekend? Should I get out and sidestep that if possible, and then jump back in and get set up for January? OR.... does the market just take a pause (go sideways) and then go into hard core Santa Rally? I need to think about this........:cool:
For what it's worth, I'm 70%S and 30%C
 
Nice second day in a row with all charts showing a solid upswing at the end of day.
Markets are closed on Friday, so do we see some end of week profit taking, some sideways action, or more FOMO pushing the market even higher into the three day Christmas Weekend???
My observations have normally been when the market ends on an end of day up-tic like that, we usually get some follow-through into the next day because of momentum.
A third strong UP day would be SWEEEET!!! I'd even be happy with it moving sideways. Anything but down.....
 
Hi Epic, Glad to see you opened a thread. Many to learn from here. I like to hear all the folks MMK mentioned and TSPtalk commentary plus many many folks on this site. I suggest GrokTrade posts made by Nnuut each week on that thread. I like Dez...D7 best, from GrokTrade, who puts out a weekly outlook video on Sundays and of course Ira Epstein and his morning flash and end of day Financials video. Also noticed Intrepid puts out a weekly blog on Sundays that provides key data scheduled to come out in the coming week, which is helpful.

Best wishes to you! :smile:
 
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