Gumby's Account Talk

:) My F fund system will be finishing the year with 9 out of 12 positive moves. That includes a gain of 0.50% this month even though the F fund is down 1.46%, not including today.............YAY!!
 
I_T

Just checked the tracker....wow... you have quite a following.... :)

Good luck to all.... Look at all those I fund trades.

And yes, I also went 100% I fund also. Barclay's are going to get to purchase allot of EFA today.
 
Rough time to be a bull today..... There will be some major moves on the autotracker today.

F Fund appears to pay off today..... will it tomorrow?
 
Very close to a trend change in AGG to the upside. Higher low is already in, now we just need the higher high.


I am a tad bit leery of what might happen in light of PIMCO unloading ALL of their treasuries....what exactly does Mr. Bill know? I expect we may get a little volitility but it seems like the market just doesn't move down like it used to before all the QE money printing.
Just looked at the tracker.... I moved up over 200 positions in one day by being in the F fund.... a fund that I have really never cared much for since the 2 IFT limit.
Congrats on your move to the top 25:)
 
QE money printing.
Just looked at the tracker.... I moved up over 200 positions in one day by being in the F fund.... a fund that I have really never cared much for since the 2 IFT limit.
Congrats on your move to the top 25:)

I have similar feelings about QE and dread the pending results of this blatant manipulation. As for the rise in the AT, it's a mixed bag climbing off the wealth destruction of others but hey, we all have our own way of playing these markets. I just happen to have a more defensive focus compared to others. :rolleyes:
 
Didn't want to clog up Birch's thread....so moved over here.

Appears to me that QE infinity is NOT a done deal........ but infinity QE is. :D For some reason, I have trouble in the thought of the FED continuing to print money, but with the Congress showing no restraint whatsoever on spending..... the question becomes how will they continue to spend with wild abandon without an endless money supply. Without the "free money" (Bernanke Put) the market will likely tank and we will most likely plunge into another recession. One way or another, Bennie will continue to print and most certainly there will be serious consequences. DXY @ 40 down from 75 today? Would this cause exports to be doubled by 2014 as expressed in the State of Union address ?

An announcement of QE3 will send market indexes and inflation skyward..... S&P500 @ 1500 and WTI crude @ $140 :confused:


POSTED by FAB1:
Quote:
Originally Posted by Gumby
You must think QE infinity is a done deal.... I don't see new highs on the S&P 500 this year unless Bernanke continues to print greenbacks.

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Not much KICKING BASS - but the EMIT tweeters are a thing of beauty!
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F.I.T.S. - 69G / 3C / 25S/ 3I
Not Docking but Ducking mode
Hi! Click my scales & vote!
Quis, quid, quando, ubi, cur, quem ad modum
 
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S&P 500 just popped above the 20 day EMA of 1298.68....

50 day EMA @ 1293.70 & 200 day EMA @1215.89

On the simple moving average chart:
Note: MA20 has crossed below MA50

Looks like a measured move to take the index above resistance.
Wonder where the money is coming from on this low volume melt-up?:nuts:

S&P 500 with EMA
View attachment 10795



S&P 500 with SMA
View attachment 10796
 
Despite the mixed news this morning, the S&P 500 which tracts our C fund, gapped up above the 20 day EMA. A close above 1,299 today might set the stage for 20 to 30 handle uptick in the next few days. I am looking for a quick pop into the 1320 to 1330 range within a week. There appears to be much resistance around 1330. I am expecting some volitility to shake things up before we get there.
I transferred out of the I fund and currently 100% in S.
 
Who cares - their problems are already priced into the market.


We will find out if this statement is correct within a week....:D
So far today, nothing has seemed to faze this market. Bad news is good news..ride the wave until the POMO ends.:nuts:
 
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