I won't IFT on Friday because this violates my "No Friday IFT" rule. This also means I'll be sitting out Monday's action since...
The Thrift Savings Plan will be closed on Monday, October 12th, in observance of Columbus Day. Transactions that would have been processed Monday night (October 12th) will be processed Tuesday night (October 13th), at Tuesday's closing share prices.
Everywhere I look I see Bulls stampeding their way into the charts. So much so that tonight I've decided to post only bearish charts as a humorous way to ease the pain of not being invested.
As pointed out earlier this week by VectorMan there is a potential Head and Shoulders. I've drawn in a target of 945 based on the neckline and previous support.
See the descending red trendline on the weekly chart?
Now let's step back and look at where this descending red trendline comes from.
Finally, despite the monster 2.23% move in the Dow Jones Transportation Average today, it has its third failed attempt to close above the 20 SMA.
Thanks and have a great weekend!
The Thrift Savings Plan will be closed on Monday, October 12th, in observance of Columbus Day. Transactions that would have been processed Monday night (October 12th) will be processed Tuesday night (October 13th), at Tuesday's closing share prices.
Everywhere I look I see Bulls stampeding their way into the charts. So much so that tonight I've decided to post only bearish charts as a humorous way to ease the pain of not being invested.
As pointed out earlier this week by VectorMan there is a potential Head and Shoulders. I've drawn in a target of 945 based on the neckline and previous support.
See the descending red trendline on the weekly chart?
Now let's step back and look at where this descending red trendline comes from.
Finally, despite the monster 2.23% move in the Dow Jones Transportation Average today, it has its third failed attempt to close above the 20 SMA.
Thanks and have a great weekend!
