FAB1 Account Talk

[FAB1]

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

I got Froggy.

Yes, At the moment it looks like a contrarian move.... who knows -- until the market closes today.

Or opens tomorrow.

 

[FAB1]

2060: stubborn old cuss. Ain't cha?

 

[FAB1]

The long-term rounded-top pattern continues - SPX /Oil stalling today looks like a false breakout (Oil)

Prolly at least a short term pullback to fill gap or touch off the 20 ema but more momentum needed for a higher high or we in trouble, says I.

2080 was a test of the Dec 29 high and No Cigar.

SPX 2160 OR BUST.

 

[FAB1]

Like Tom's column says: a chart that starts in the Lower Left and ends in the Upper Right is in BULL market

FAB1 100% F =^___^=

 

[FAB1]

Some signs DHY could be rolling over - Good for the F fund!

 

[FAB1]

30 mins into the trading day and CNBC proclaiming ALL MAJOR INDEXS TURN HIGHER! (because oil ticked up a little bit?)

CNBC's next headline - STOCKS FALL DUE TO WEAKNESS IN OIL.

 

[FAB1]

Guess I will post sumthing.

sumthing

 

[FAB1]

Guess I will post sumthing else










Sumthing else

 

[FAB1]

So is that a yuge rounded top I see in the weekly SPX?

This, and the fact that no breakout to new highs had occurred YTD keeps me at an arm's length from stocks.

However, the market was basically F L A T from 2000 to 2013.

IF the current bull run is about to end in a crash scenario it will be one of the shortest Bulls 2013-16

If the SPX continues to drop below the 50ema there could still be a overbought "mini-rally" with nice gains without breaking into new territory

I might be game for that and return to the F fund.

 

[FAB1]

A bla day for stocks so far.

Maybe the traders will go ape-**** after lunch, otherwise its Snoozeville till Monday.

 

[FAB1]

I still ain't moved and the SnP has crept up a couple of days.

I wanted to see it go down to some solid support.

F fund is creeping up also so I guess the Trend Is Your Friend is ringing true.

 

[FAB1]

I will be mighty sorry if this is just a PumpnDump fake and the bottom dropps out tomorrow because I just bet the farm.


100 % C Fund

OTOH this could be the next rally against the stronghold keeping SnP from the higher-high we need to break the long-forming rounded top.

And I would have hated to not been a part of the army that breaches that goal! So Talley-Ho!

 

[FAB1]

I bought back the farm before the bad guys robbed the bank (again)

100% F

Let the market drop, who cares.

 

[FAB1]

Let the market drop, who cares.

I was being a bit rash and Claudine might have said - Claudine Longet -



A lot of great commentary and analysis from the posters on this board.
Good chance prolly to make some money this week for those that have an IFT
and time it right.

But the HUGE rounded top staring us in the face screams make your trades short.

This should be an interesting week. Good Luck to All!

 

[FAB1]

Fab has it been a Whole Month since u posted?

And the F fund has been very very Good to me!

Yesterday was a Dead Cat bounce - we will see a lower bottom, not sure how low but I am ready to Buy Low when we get there!

 

[FAB1]

Well, I DID not buy that I fund dip - I even had the IFT made and then squirrelled out (this was when I fund was perfectly positioned around 54.5 right after the spinning top, Jun 15th)

Of course IF I had proceeded I would have most likely stayed TOO long and lost it all TODAY! :notrust:

 

[FAB1]

Beware what the PPP and limits may do today - there could be a lot of sell orders dropping over the weekend they will show up on Monday like Fat Boy over Hiroshima.

 

[FAB1]

EFA -6.94

After a majestic V bottom recovery over the last week the I fund returns to it's lowest fund of 2016 status.

That was quick

 

[FAB1]

CNBC will talk-up this lukewarm attempt at gains until the markets see RED. Then blame some political figure or other boogeyman! HA!

Bond buyers have already seen the writing on the wall this summer - SPX has a long way to fall to make it's lower low.
Blessed be the F fund, Amen.

 

[FAB1]

As might be expected $TRAN is leading the charge (downward) towards a neg. reversal day.

The EFA may hold on to most of its gains, but will of course get shell-shocked at the next dip with the $ Up.

Still very much in the Danger Zone so proceed with caution.