JimmyJoe's Account Talk

[burrocrat]

Re: Jimmy Joe

I'm at about 4.5% YTD. I was in the S fund at the first of the year so I'm ok with this sideways action, until tomorrow through next week. I'm a sports person and no sports event kicks off the year for the money companies worldwide like the AT&T Pebble Beach golf tournament. The commercials are chocked full of Cadillacs, BMWs, Mercedes, money marketers, banks. It's a blue chip showcase. It is the time to expect a sharp increase in equities.

hooowheeee, that's one hot dish! what a fine recipe of unbridled optimism and boundless hope you're serving up. maybe go a bit easy on the **** and vinegar though, those things often sour.

 

[JimmyJoe]

Re: Jimmy Joe

Overseas markets are looking good. Our political environment will either help us or won't hurt us. Everytime the market may go down, it is helped up by the stronger equities, and money on the sidelines pouring into the market. If the S/C funds stagger, the I fund will be there to keep them alive and moving upward. The I fund will be the new fund of choice for the next several months, and it may take a week or two, to become reality. Then, once we get past 1550, this senario will unfold like a flower in Spring, and the market will rocket upward.

 

[Birchtree]

Re: Jimmy Joe

I'm reminded of the song: Sky Rockets in Flight - Afternoon Delight

 

[JimmyJoe]

Re: Jimmy Joe

Seems like we're all waiting, like a guy waiting on a girl. Persistently waiting, untill that moment when she opens the door. It's like when the market realizes that it must go up, free as a bird.

 

[Bquat]

Re: Jimmy Joe

Seems like we're all waiting, like a guy waiting on a girl. Persistently waiting, untill that moment when she opens the door. It's like when the market realizes that it must go up, free as a bird.

Yea we're all waiting, but maybe it's because morning activity is increasing before the market opens. So we wait the little bit longer. As premarket activity increases it's either more fear or more looking to see if they will enter. I thinking it's the enter side. Maybe more are in so they have a more interest in watching and waiting for the open. I thinking up today also.

 

[JimmyJoe]

Re: Jimmy Joe

Yea we're all waiting, but maybe it's because morning activity is increasing before the market opens. So we wait the little bit longer. As premarket activity increases it's either more fear or more looking to see if they will enter. I thinking it's the enter side. Maybe more are in so they have a more interest in watching and waiting for the open. I thinking up today also.

I fund leading off, nicely.

 

[JimmyJoe]

Re: Jimmy Joe

What is this, blackout, like the Super Bowl?

 

[JimmyJoe]

Re: Jimmy Joe

Google Greg Harmon, SideStreet. "We are never, ever, gonna get a correction." I'll be honest with you all. I have just enough insight to this market to become well off. My insight comes from all of you technical analysts and from those that believe this market will rise. SPX to 1700 by the end of the year. :toung:

 

[Birchtree]

Re: Jimmy Joe

Equities have their best long term potential when investors are most fearful of buying them. And there's no doubt that today most investors want as little to do with stocks as possible - but that will change and then all hell is going to break out as animal spirits howl. Mom and pop are still afraid of another 2008-2009 and that is unfortunate but it is what it is. All I know is that I'm due mine.

 

[JimmyJoe]

Re: Jimmy Joe

SPX 1535 by the end of the day.

 

[Bquat]

Re: Jimmy Joe

SPX 1535 by the end of the day.

I would love that, it would break the top of my channel within the channel.

 

[JimmyJoe]

Re: Jimmy Joe

Seasonal for February, this is supposed to be the worst day of the month for stocks. Ha, ha. My prediction will be SPX 1530 for the day, realistically. By the end of Feb, where's that chrystal ball, SPX 1550. SPX is now supported by internationals, which are now getting some backing by Europe's analysts. That's good because everyone cheers the SPX to heights of 1650, 1700. We all get that. It's the rather obscure I fund that is either helped by C or S, or these two funds are helped by the I fund when it rolls. Either way, I'm happy.

 

[sniper]

Re: Jimmy Joe

I would love that, it would break the top of my channel within the channel.

why stop there, i'd love 1600 by the end of the day. it'll be like a huge flash crash only in the opposite direction. hey, one can dream can't they?

 

[JimmyJoe]

Re: Jimmy Joe

Massive volume spike directing the downward move of the F fund at 1 o'clock. Who, what financial sold that amount of shares?

 

[Birchtree]

Re: Jimmy Joe

Any hedge fund could be responsible - the great rotation continues and may last several years. The higher we go the more anxiety is created for the pole sitters - it will take time but they will come to papa bull and it will cost them more for their positions.

 

[JimmyJoe]

Jimmy Joe's Account

So the market is off like a shot. The end of the day will be SPX 1520 or a little more, at least a 23 point jump. The seasonal for the last day of Feb is typically the best gainer of the month, possibly the year. Hold on because it's going to be a great ride. Wait till tomorrow. It'll be like, like, money!

 

[WorkFE]

The seasonal for the last day of Feb is typically the best gainer of the month, possibly the year.

Does that mean tomorrow will be even sweeter

 

[JimmyJoe]

Does that mean tomorrow will be even sweeter

Tis the seasonal (chart for Feb) to be jolly. Dow 14000 is now the base. Wait till SPX is 1550. When that number become the base (support) those that are in it will be walking on air. Spring time will be a great time of year. Yet the rest of the year will be a time for happy feet too.

 

[JimmyJoe]

Here's what will happen to the sequestration tomorrow. Politicians know that the market moves them, once it is set to go by the Fed. They become minor players at this time. However, they will take the opportunity to appear to control anything good that happens to the public. The markets went down just a little today at the end, just enough so that the Dow will spring to an all time high tomorrow. The politicals will look good whether the sequestration goes into effect or not. They will claim what they did or didn't do was/is good for the economy/stocks. Age and experience living in the nation's capital tells me this is true. Want further proof? The vix is down now.

 

[JimmyJoe]

Here's what will happen to the sequestration tomorrow. Politicians know that the market moves them, once it is set to go by the Fed. They become minor players at this time. However, they will take the opportunity to appear to control anything good that happens to the public. The markets went down just a little today at the end, just enough so that the Dow will spring to an all time high tomorrow. The politicals will look good whether the sequestration goes into effect or not. They will claim what they did or didn't do was/is good for the economy/stocks. Age and experience living in the nation's capital tells me this is true. Want further proof? The vix is down now.

Sequestration is Friday. Getting ahead of myself, just a little. Thank you Frixxxx. Happy trading folks.