Epic's Account Talk

[Epic]

​So, just to expand a little on something I mentioned a number of posts ago, which was the proposal of NO State Taxes on Retirement Income for Maryland Retiree's.
I thought it was a done deal, but my friend thought differently. After watching the video link I provided him below, I think he's correct. Just thought I'd pass this on. :smile:
My friend wrote to me and asked:
Are you sure this doesn’t have to be passed by the State Legislature?

I wrote back:
It may (I think your right), but the excuse has always been that Md. couldn't afford to do it, but this year Md. has a 2.5 Billion dollar Surplus and well over a 1 billion tax revenue higher than projected, so there's plenty of money now and going forward at least 6 or 7 years. Hogan really seems to be trying to do the right thing and he doesn't give up easily. Watch and listen to this for a few minutes. I have it queued up for you. >>>>>>> https://youtu.be/Hmko3fRcCQU?t=229
It's a work in progress, but I think they can do it.
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[Epic]

​This was NAAIM from 2-2-22 Last Wednesday. Better late than never :laugh:




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[Epic]

​Still feeling positive about the next 7 to 10 days. We'll see what happens. Being an optimist I tend to stay in just long enough to get myself in trouble and get caught in the downturn. I'm gonna try really hard not to let that happen this time.........:laugh:
10 minutes to go. Futures are green slightly, which means they'll probably sell off at the open, but who knows.:dunno:
OFF TO THE RACES !!!!!!

 

[Whipsaw]

I, too, tend to stay too long at the fair.

 

[Epic]

Well hell, that was a weird ending to the day, but I guess you can't have a positive Turn Around Tuesday without a Crappy Monday. :blink:

 

[Epic]

5 minutes before the open. Fingers crossed for some positive action.

 

[Epic]

I'm loving this so far at 11:47am !!!!!! If we can maintain and continue up through end of day tomorrow, I may head to safety early. (I'm trying to do better :cheesy
PLEASE DON'T SELL OFF..... PLEASE DON'T SELL OFF..... PLEASE DON'T SELL OFF :nuts:



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[Epic]

Solid Day with a Strong Finish. Hopefully some good follow through tomorrow !!! Don't want to get too over confident. Bad stuff still coming down the pike. Be prepared.
Still an awesome day !!!

 

[Epic]

Stuff that's on my mind as I look at futures.
1) Ira said last evening that we need 120 points to hit the upper Bollinger Band on the S&P
2) We're in an overall down trend
3) Three rate hikes coming starting very soon (March)
4) It's not "buy the dip" anymore, but more "sell the rip".
5) I have 2 moves left for this month, and a final move to G if need be.
6) Fridays are most always profit taking days
7) I always stay too long, only to get caught and regret it.

With all that to think about, I'm leaning to getting out to G today using my first move of the month.
The closer the first rate hike gets, the more nervous people will become sending them selling and going to safety.
Futures are way up, and today might be really, really good, and maybe even tomorrow might be flat to "not so bad. But starting next week.......who knows.
I haven't made a final decision quite yet, but I will before noon for sure.
I have FAR too much money in this account NOT to be making smarter choices.

And we're OFF !!!!! Good luck

 

[Epic]

 

[Whipsaw]

I burned an IFT getting in... if I bail now then I'm out for the rest of the month. MY KINGDOM FOR ANTOHER IFT, or two... maybe three!

 

[Epic]

I'm out. 100% G.
Today looks great so far and there may be more gains tomorrow and or next week, but I DO NOT want to be IN when the rug pull happens.
I'm trying to be more proactive. I could be totally wrong. :smile:

 

[Epic]

A day late again :embarrest: . . . . . . Oh well :suspicious:




....and also.....

 

[rangerray]

A day late again :embarrest: . . . . . . Oh well :suspicious:

I thought you timed your exit pretty good considering how the market closed. I'm just glad I didn't pull the trigger with my last IFT this morning. I'm 100% G as well.

 

[Epic]

Thanks! My exit was about 80% Luck and 20% Fear. LOL I got crushed in January, so I learned my lesson for sure.
The comment was in reference to posting the NAAIM charts and info. I don't always post stuff like that, but if I do I try to make sure it's "current" information.
NAAIM updates on Wednesday, and I was a day late in posting it just like the week before. It's still good info though until Wed. of next week when they update.
I was actually surprised at yesterday. I anticipated it being at least slightly positive, but then JPow spoke about the CPI numbers, so that did it. Lately, every time he speaks it's a train wreck.
nnuut updates all the content in the Market Video section, and he does it every day and keeps it all current. That's got to be a ton of work, so thanks to him for that ! ! ! !

 

[flalaw97]

T
NAAIM updates on Wednesday, and I was a day late in posting it just like the week before. It's still good info though until Wed. of next week when they update.

The NAAIM number is dated Wednesdays but I have never been able to find it until a Thursday. The NAAIM website usually posts the new chart mid-morning on Thursday. https://www.naaim.org/programs/naaim-exposure-index/ If you find the number posted somewhere on a Wednesday, let us know where.

 

[Epic]

Ahhhh, thank you!!! I'll have to double check next week and see. I may have been incorrect in what I was saying. I thought the new updated info was posted on the site like mid-day on Wednesday. I'm probably wrong. Too much going on in my brain. :blink:

 

[Epic]

10 minutes to launch time. GOOD LUCK !!!!



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[Epic]

Man, what a CrAzY start right out of the gate. Hopefully it stays positive and doesn't nosedive at the close with Friday profit taking.



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[Epic]

From start to just after the 5 minute mark he lays out a few scenario's of what could happen next week, then he moves on to other stuff. https://www.youtube.com/watch?v=t1W6dytPHrA
These are all similar to what I'm trying to imagine myself look forward a couple weeks.
1) Options Expirations
2) Russia
3) The March Rate Hike

I do think at the moment that after the first rate hike happens and everyone calms down right after, that there could be a good week or two when we may see some very positive upside occur. Then the euphoria will subside as traders start to ponder the 2nd rate hike and start selling into safety. All this is just a total guess on my part :blink: but I try and think ahead while also considering what's already occurred.