fabijo's account talk

[fabijo]

Oh, good! I was in for a nice day on the S-Fund. Now I just wait and see how the C Fund does tomorrow.

 

[fabijo]

The dollar is still looking good:

Traders said that with many market players still holding hefty positions favouring the euro and sterling, the dollar may have more room to rebound if the upcoming data proves to be upbeat.

The euro was steady near $1.3430 after falling to $1.3406 the previous day, its weakest since mid-April. A break of $1.34 would likely trigger a deeper pull-back in the euro, traders said.

http://yahoo.reuters.com/news/artic...7-05-31_00-49-49_T89295&type=comktNews&rpc=44
FOREX-Dollar steady as U.S. data awaited for Fed clues

 

[fabijo]

Well, it looks like I may have upset my monkeys. I did my IFT to the C Fund without checking in with the monkeys. Turns out, they're still asking for the S Fund. I'm gonna stick with the C Fund since it's rate of change has changed at a faster rate than the others.... huh?

 

[Medic72]

aw man, can't have mad monkeys I hear they like bananas lol.

 

[fabijo]

aw man, can't have mad monkeys I hear they like bananas lol.

Yup - that lack of bananas has them ruining my apartment.

 

[fabijo]

Well, my monkeys were throwing dishes and poo all around because I haven't given them what they wanted. At least I listened to them a couple of days this week and moved up to place 26 on Rokid's tally. Looks like they pretty much wanted S Fund, those crazy guys. That goes in line with Divot's posts about the S Fund being the least risky. Although I thought that the only way to make more money is to increase risk.

I'll check with the monkeys tomorrow night and see where the action is going to be next week.

 

[Divot]

Fabijo - you're right about risk and reward going hand in hand. My comments about risk in the C fund were related to the "field position" of the bullish percent chart. Currently nearly 79% of the S&P 500 stocks are on buy signals, which means a lot of buyers have already spoken. This is as opposed to the small caps which are around 55% on buy signals.

Given that it's a bull market overall (we know this because the BP for all stocks on the NYSE is still climbing), I look for the sector that's got the most room to run. At this point, we're a lot closer to exhausting buying interest in the mid/large caps than the small caps.

Perhaps "risk" wasn't the right choice of words for me to use. Hopefully this clarifies what I meant.

 

[fabijo]

Perhaps "risk" wasn't the right choice of words for me to use. Hopefully this clarifies what I meant.

I knew what you meant. I just felt like being a little nit picky for no real reason.

 

[fabijo]

Well, I finally made my IFT out of the C Fund and into the S Fund. I think my monkeys will be happy to get some S Fund action at a slightly lower price.

 

[fabijo]

Man, what a week. I haven't had much time these past few days and I really don't have time now. I'll just duke it out in the S Fund for a while until I get a chance to sit down and talk to my monkeys and hopefully create one or two more.

 

[weatherweenie]

Man, what a week. I haven't had much time these past few days and I really don't have time now. I'll just duke it out in the S Fund for a while until I get a chance to sit down and talk to my monkeys and hopefully create one or two more.

If you talk to your monkey too much, you'll go blind. Oh wait, that's something else entirely. :laugh:

 

[fabijo]

If you talk to your monkey too much, you'll go blind. Oh wait, that's something else entirely.

:cheesy:

:laugh:

:nuts:

:blink:

 

[Birchtree]

I suggest you try spanking the monkey but only gently.

 

[fabijo]

I guess it could appear to people that I've been spending too much time with my monkey due to my currently limited social life. Don't worry, I'll be out soon enough.

 

[fabijo]

I just made an IFT just to make an IFT. I don't like stagnant waters. Going 100% C tomorrow. The long term charts look like the small caps are really losing steam, while the bigger caps are hard-charging their way to new territory.

 

[fabijo]

Still sticking with the C Fund. I just haven't had much time to do thinking and research, so I'm keeping the C for now.

 

[fabijo]

Wow! Look at that market! I've been hiding in a cave for a while. I've been on vacation for the past few weeks without much internet access or television. I'm still sticking with the C Fund. Here's a chart I posted a few months back:

and here is how I see it still:

If I'm right with the newer trendlines, we are at a bottom. If the longer term lines are it, then we still have a bit to go to test them. I'm still holding the C Fund since it has been recovering well from these drops.

 

[Birchtree]

You have to get out, you are blocking my lane forward.

 

[fabijo]

You have to get out, you are blocking my lane forward.

Nope. I may bounce around here and there between the C,S, and I, but I won't be getting out of the market any time soon. I let go of fear a while ago.

 

[weatherweenie]

Nope. I may bounce around here and there between the C,S, and I, but I won't be getting out of the market any time soon. I let go of fear a while ago.

Good to have you back!