James48843 Account Talk

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Hot day.

Been sitting in "S" for quite some time. thinking maybe I'll move to "F" soon. Not tomorrow, but I am watching for just the right formation to bail out and try and catch a% or two gain near term. Watching closely the next few days for the right karma to appear.
 
Nice Karma today. "S" fund is now up +2.09% in one day.

Nice.

I'm thinking it may be time to move to "F", but with this kind of MOMENTUM, it's not time yet.
Sixteen of the top 20 on the autotracker are all sitting right now in either "G" or "F". Amazing stat.

But hey- you gotta be in to win.

The strength of today alone looks to propel the market upward for at least another day or two or three.

Ride-em cowboy! Yeeee-Ha!

Mechanical_Bull-Fun_Stuff-Bobby_K_Entertainment_theme_parties.jpg
 
Or the jobs repot tommorow can kill us. We'll know what info was leaked to the "Analysis" in the last hour today
 
ILoveTDs said:
Well no last hour sell off, so your probably right.
Click to expand...

Jobs report is out:

U.S. added 96,000 jobs in August, fewer than expected, and the jobless rate fell to 8.1%.


That's below expectations.

But futures markets are holding steady at slightly up, at least so far.
 
Previous months revised downward considerably. Labor force participation lowest in 35 years. Overall rate reduced by people no longer looking for jobs again. Santelli went out on a limb and predicted 7.9 is in our future before November.
 
OK- I have seen the market move too quickly upward for my comfort level. We've gotten some great gains, but the P&F chart is telling me we've moved up an awful lot without having any change to consolodate those gains. So I am moving to the sidelines with much of my account today. Moving 40% into 'G" and 30% in to "F", and then will leave just a little on the table to play with, in case I jumped too early. I am very comfortable with the gains made already this month, so I am moving to protect some of those gains, and will be looking for a place to enter back in to the market , perhaps 2 or 3% lower than where we are today. I have a feeling that i'LL have that opportunity within the next two weeks.

I'm now moving to: 40% G, 30% "F"; 20% "I", and 5% each in S and C.

Good luck.
 
Jumping back into the pool.

going 50/50 split between "S" and "I". I think international will get a significant bounce so I am loading up on that too.

QE3 means to me- that we're going to have another postive run.

Good luck.
 
My "Spidey sense" is starting to tingle today. Not sure why.

spidey%20sense.jpg


We have had a decent October, but I'm just no longer comfortable with where I am.

I am bailing out today as follows: 60% into "G"; 20% into "F", and then 10% each into "C" and "I".

I am thinking we're about to have a small correction- maybe a 5% to %8 pullback between now and the election. So I am moving some off the table and count my blessings for 2012.
 
James48843 said:
My "Spidey sense" is starting to tingle today. Not sure why.

View attachment 20784


We have had a decent October, but I'm just no longer comfortable with where I am.

I am bailing out today as follows: 60% into "G"; 20% into "F", and then 10% each into "C" and "I".

I am thinking we're about to have a small correction- maybe a 5% to %8 pullback between now and the election. So I am moving some off the table and count my blessings for 2012.
Click to expand...
The question is, will the market rally after the election, or crash if the candidate the Market expects to win loses?
 
James, you are one of the few people around here who have the courage to p!ss into the wind. I could not pay a higher complement, you are a treasure.
 
JTH said:
James, you are one of the few people around here who have the courage to p!ss into the wind. I could not pay a higher complement, you are a treasure.
Click to expand...


Some days you eat the bear. And some days the bear eats you.

Looks like "SPIDEY SENSE" was accurate.

Stocks down over 1% today- and NASDAQ down over 2%.


Good thing I bailed when I did!
 
Looking at the charts, and thinking to myself we're getting closer to a reentry point.

Patience young grasshopper.

 
Ok- we're just over 4% off where we were a couple weeks ago on the S&P500.

Is that enough sold off? Or is there more still to go?

My charts all tell me we're not quite finished yet on this down-stroke cycle. But we could be getting close. A couple days ago I was thinking more like around a 5 to 8% decline was in store. We're down 4% now. So just a little more and we're at 5% off the recent high.

On the other hand, earnings reports is what triggered some of this selloff. I saw a graphic today that said something along the lines of 35% of stocks this quarter have beat estimates, but 60% have fallen short. If true, and if that holds, that's a pretty significant change, and does not bode well for the shorter-term to mid term.

So....what do you think?

Are we close to a reversal again, and another run higher?


Or are we going to take a pause now for a while- maybe till after the election, and maybe even into the Christmas season, before we turn around again?


What are YOUR thoughts? And why?
 
James48843 said:
What are YOUR thoughts? And why?
Click to expand...

Short term - I think tomorrow will be slightly down because today scared people and they want proof or confirmation were at the bottom before they buy. Thursday will be slightly up as day traders realize we have had 5 down days in a row and are do for an up day. Friday will be up over 1% as everyone feel's they have their confirmation and don't want to be left out for the weekend.

Interim - I think we walk into the voting booth on November 6th with the S&P at 1425 (+/- 5), basically flat. The first two weeks of November are usually slightly down, but it's and election year and I think their will be manipulation. Also we just loss 4% as you pointed out.

Long term - It's forth quarter baby, BUY BUY BUY.

Just answering your question based on nothing but my gut.
 
FYI- Tom has not let me go visit the political page. Just as well- I gotta stay out of that if I want to keep my heart healthy. I get too wound up over that stuff.

Since I'm supposed to talk about investments instead, I would just point out that:

Barack's re-election INTRADE shares are now bouncing back in the "INTRADE" investment market- now climbing --at $6.20 a share .

Intrade - Markets

That's right- you can buy a share of the re-election for $6.20 a share.
 
ILoveTDs said:
Short term - I think tomorrow will be slightly down because today scared people and they want proof or confirmation were at the bottom before they buy. Thursday will be slightly up as day traders realize we have had 5 down days in a row and are do for an up day. Friday will be up over 1% as everyone feel's they have their confirmation and don't want to be left out for the weekend.
Click to expand...

So James - I got my Wednesday and Thursday, do I get my 1% tomorrow or does AAPL kill me?
 
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