JimmyJoe's Account Talk

[JimmyJoe]

That F fund, it appears to be going down, which is good news for stocks.

 

[JimmyJoe]

Today 50 C, 50 F. My 32% 12 month pip because of the last month's drop is now 27%. I kinda want to hang on to that rather high number. I think I'll revisit this after the Olympics.

 

[JimmyJoe]

Good luck all.

 

[JimmyJoe]

Cancelled my changes. Letting the dice roll.

 

[Mcqlives]

Cancelled my changes. Letting the dice roll.

One word...

CAJONES!!!

 

[JimmyJoe]

Looks like SPX will definitely hit 2000. Dow at 17000 tomorrow/today. This is nice. My pip is 13 but at the end of the year, 20.

 

[JimmyJoe]

Looks like SPX will definitely hit 2000. Dow at 17000 tomorrow/today. This is nice. My pip is 13 but at the end of the year, 20.

Dow is blowing by 17000 like it's not even a milestone.

 

[Birchtree]

I had a Dow target of 24,000 year end - all I need now is 7,000 more points in 4 months. I had a number of 2400 on the SPX - I'll achieve that one.

 

[JimmyJoe]

The futures are up.​ This is an important day for the futures to be up.

Again.

 

[JimmyJoe]

Where were you when the SPX broke 2000? Big event.

 

[Birchtree]

"The S&P 500 has rallied more than 195% since stocks bottomed in March 2009, the fourth best bull market since 1928 in terms of both duration and magnitude." When will Dow RSI hit 80%? The market is technically ready for a big run into the fall and happy season. So fundamental economic and background news is supported of yet another positive winter season for stocks. I'm just waiting for QE news from the ECB.

 

[JimmyJoe]

Looks like the C fund could reach 10% for the year, at close of business. Thereabout 10%.

 

[Handballer]

I'm in the fund 50%. Way to go.

 

[JimmyJoe]

Once we get the SPX to about 2010, the restraints will be off.

 

[JimmyJoe]

It's kind of funny but the only thing investors did today was pay their respective brokers to get in or out and back in today. I thought that the market would bounce back from SPX -4.50 at 2pm to almost even at the end of the trading day. People just can't stand to be left on the sidelines. People are just going to put all their chips in, maybe tomorrow, maybe by the end of the week. I'm betting SPX 2010 tomorrow.

 

[JimmyJoe]

And there you have it. SPX 2010 today likely. End of the week we're free of the bonds of SPX 2000. We're moving up.

 

[JimmyJoe]

For the last 5 trading days the market has done the opposite to the futures.

 

[JimmyJoe]

I wonder if I should play this market a little. Take the next gain nearing the end of the month then jump out. Investors are not too keen on leaving the SPX 2000 plateau. It's going to go up to 3k in the next year but..

 

[JimmyJoe]

I wonder if I should play this market a little. Take the next gain nearing the end of the month then jump out. Investors are not too keen on leaving the SPX 2000 plateau. It's going to go up to 3k in the next year but..

This just might be the day it goes above 2010 and stays there for "a considerable time". SPX 2080 by Christmas. Fuggedeboudit my previous post.

 

[Birchtree]

I'm still holding out for anything close to SPX 2400 by year end. We may have a serious melt-up on the way and even a 70 point one day gain in the SPX would not surprise me.