FAB1 Account Talk

[FAB1]

One down week on the SPX after 5 UP. Much more of this /or sustained losses and its going to look like a false breakout over the weekly 200 ema?

 

[FAB1]

the SPX MACD is looking rather stretched out, a cross is forming too BUT some encouraging words from Ol' Yellen can inject some life back into a consolidating market in a jiff.

 

[FAB1]

DHY Hi-Yield Bond looking weak also.

Don't you love it when indicators are teetering on the brink... of Something/ Anything?

Keeps me Breathless. https://www.youtube.com/watch?v=6G4at_OQenQ

 

[FAB1]

Chong: Is this irrational exuberance or is this just the new market which depends almost 100% on the projected next move in interest rates??

Cheech: Could it be burglar? Yes, it could be burglar!!

 

[FAB1]

Fed Fueled Rallies!!! :fest30:


Sad state of affairs when the market is driven up by the health (poor) of the economy and non-existent interest rates.

Whoopee :alcoholic::friday:

 

[FAB1]

Stocks higher after Yellen; Miners, Metro rally

DAXYIELD10051.10
+163.16+1.65%
FTSEYIELD6206.85
+100.95+1.65%
CAC 40YIELD4447.01
+80.34+1.84%

EU Drinks Fed Reserve Kool-Aid!!

You want the Obvious?... you'll get the Obvious - - https://www.youtube.com/watch?v=jbTwMi0zP_4

 

[FAB1]

CNBC and Yahoo BOTH had Downer Headlines this morning. Interesting.

What? They are TRYING TO SCARE us away.

I'm feeling Good Vibrations for April.

 

[FAB1]

Not so sure about the vibes today. considering.

$TRAN on the weekly charts is failing - not keeping above weekly 50ema

$VIX flirting with the 13-14 range

I think there is still some room for the SPX to move up but doubt remains for "new highs" to be achieved the S & I funds are not catching up and OIL is starting a downward trend.

Looking ahead I would like to see a short pullback and another upward thrust to squeeze some gains out of April. Otherwise the F fund could be the best investment if the rally totally runs out of steam.

No move today - waiting for now.

 

[FAB1]

Thinking about the H & S pattern - we are seeing a flattop with daily swings near 1% or more.

Is it just a prelude to a slide to the continuation of the H & S pattern? Or market consolidation and a continued
upward thrust to attempt a new high?

My gut tells me to wait due to recent weakness in Oil and Trans unable to break long standing resistance.

 

[FAB1]

Oh noes, its falling!! (surprise, surprise)

 

[FAB1]

Snooze-worthy market looking more and more like its going to head downward because many indexes cant breach their 200 day emas.

These flat tops only go on for so long... And its not like we haven't been "warned"
if the bears make an appearance that will bring SPX at least down the 20 day marker.

If FAB does make a move it will most likely be a bigger investment into the F fund.

 

[FAB1]

Weekly chart of DHY hi yield bond is also hitting resistance @ 200 ema. Watching this indicator for
making a decision on possible F fund increase - if yields fall I think F will be the place to be, especially
if the flat top in stocks breaks downward.

 

[FAB1]

Oil is still the Lynch-Pin determining which way stocks are going to head.

Band plays on, as global oil glut leaves supertankers in a huge jam

 

[FAB1]

$WTIC courting its 200 ema today - Will it be able to break the classic Bear Territory Boundary and stay above that?

If so, FAB could strongly consider entering the stock market in April.

Or will it be a brief "false breakout" due to the fact the "glut" isn't going away anytime soon.

This is what happens when powers-that-be continue to pump crude in a diminished market scenario.

Hey, Saudis! We don't need your steekin' Oil!

 

[FAB1]

Today is one of those "flip a coin" days - nearly everything is hanging on a thread. Tomorrow will be too late. lol.

We are driving along and will it be cliff or mountain?

Are you feeling Froggy? ; )

 

[FAB1]

Sweet.

That 10am dip / rise in many of the indices follows the drop / rise in USO almost to a tee.

Best to keep a weather eye on King Oil.

The stock market is going to ape what it does because the landscape is otherwise "bare" (look at the sideways action)

 

[FAB1]

More monkeyshines w/ King Oil leading the pack. Impressive.

However if $SPX cant go beyond 2060 this could be another Pump-n-Dump before the day is over.

The last High was around 2076 so $SPX needs to top that sucker too or else.

 

[burrocrat]

More monkeyshines w/ King Oil leading the pack. Impressive.

However if $SPX cant go beyond 2060 this could be another Pump-n-Dump before the day is over.

The last High was around 2076 so $SPX needs to top that sucker too or else.

free money, get yer free money here, get it while it's hot! free money, hup hup!

 

[FAB1]

free money, get yer free money here, get it while it's hot! free money, hup hup!

Thank you, Burro for those special words of wit and wisdom!

Now, A blast from the past of FAB 1's illustrious posting history with lingo with a nautical turn and some of my infamous indecisiveness....I can't believe I wrote some of this stuff...

ancient barriers loom overhead. sailing ships are desirous of the wind but its ebbing.

with 6.67 % in the hold Im pulling into port mateys. Fare ye well!

a little gale was welcome to blow me to shore with a bit more booty in me sea chest. Rrrrrr

100% S -- Out of the harbor and out to sea - dame fortune awaits!

 

[FAB1]

FAB 1 - 110% F fund @ 11:55. :laugh:

I got Froggy.