Jkenjohnson's Account Talk

[nasa1974]

Lost 0.61% today. System is 4.89% YTD, Now in the G fund and out of IFT's until July. I would have been happy with recent gains, but that's it.

Let's hope tomorrow is not a panic into the weekend. I expected a sell off today but Friday has me a little nerveous. I'm hoping for good news over the weekend and the rally to continue at least next week (G7, feds & China). Not expecting long term it is June. Missed the rally this week but don't plan on staying in to long. Good luck all.

 

[jkenjohnson]

System flipped to a buy last night but I would not enter the market now if they were giving away shares of stocks.

 

[jkenjohnson]

My Autotracker yield is incorrect if anyone is following along with my system. I got out of the S fund last week but could not get the Autotracker to accept my allocation on that day. It is still showing that I am in the S fund, even though I am not. Thank God, I did not lose 2.13% yesterday.

 

[bmneveu]

System flipped to a buy last night but I would not enter the market now if they were giving away shares of stocks.

I'll take your free shares maybe some AAPL if you can choose?

 

[jkenjohnson]

I'll take your free shares maybe some AAPL if you can choose?

I wish. I would keep those.

 

[jkenjohnson]

Is today a dead cat bounce leading to a drop again tomorrow?

 

[nnuut]

Is today a dead cat bounce leading to a drop again tomorrow?

It's bouncing kinda high for a Dead Cat.

 

[jkenjohnson]

It's bouncing kinda high for a Dead Cat. View attachment 19208

Yes it is. I hope I'm not missing out on a run up.

 

[jkenjohnson]

System is still in G. Not sure my sell signal will work out that well. However, any negative news out of Europe will most likely tank the market, so who knows where we go from here?

 

[tsptalk]

My Autotracker yield is incorrect if anyone is following along with my system. I got out of the S fund last week but could not get the Autotracker to accept my allocation on that day. It is still showing that I am in the S fund, even though I am not. Thank God, I did not lose 2.13% yesterday.

could not get the Autotracker to accept my allocation on that day

Why didn't you contact me?

 

[jkenjohnson]

It was almost 12pm and did not have enough time.

 

[jkenjohnson]

Is it just me, or does anyone else notice that good news seems to drive the market lower and bad news seems to drive it up lately?

 

[MaStA]

Is it just me, or does anyone else notice that good news seems to drive the market lower and bad news seems to drive it up lately?

It has been pretty darn strange. I think a lot of people are banking on QE3 with all of the bad news. So maybe the market is factoring in that bad news is good news since it increases the chances of QE3.

At times like this I don't think any technical analysis or system can predict the imminent future...no one knows what the heck is going to happen next and anyone that says their system predicted it just so happened to be on the better end of the guess that time. At least that is my opinion.

 

[Boghie]

Is it just me, or does anyone else notice that good news seems to drive the market lower and bad news seems to drive it up lately?

I'm starting to assume it is da'Boyz (as CoolHand calls the market movers) slowly moving their assets around. They don't want to spook the market by making big moves, they want to slowly move their stuff so others will not start panic selling.

This could just be a summer thing. da'Boyz have their vacations to think about - and, who wants to be spending big money in Antigua while simultaneously checking the ticker tape on their iPhone?

Or, it could be a strategy to reduce risk because of a 50/50 election? How many of da'Boyz want big money in assets that might get taxed heavily. The dividend paying S&P500 companies have made da'Boyz rather paper rich over the past few years. My guess is that they would rather be cash rich. And, they definitely do not want to have a 39% dividend tax and a 25% capital gains tax levied on their return - eh.

Who knows...

 

[jkenjohnson]

My syetem flipped back to a buy Friday night (6/15/12). However, I am out of IFT's.

 

[berline]

Does your system some how take into account the futures in the morning session? It always seem to be on the right side of the trade, after the futures are already moving for the morning. Obviously not asking you to give away any of your "system secrets".

My syetem flipped back to a buy Friday night (6/15/12). However, I am out of IFT's.

 

[jkenjohnson]

Does your system some how take into account the futures in the morning session? It always seem to be on the right side of the trade, after the futures are already moving for the morning. Obviously not asking you to give away any of your "system secrets".

No. It is based on the Vix and the previous day's close and the current day's close (Today's signal was based on Thursday's close and Friday's close.)

 

[jkenjohnson]

After gaining 1.5% yestreday, my system flipped back to a sell as indications are the market is approaching an overbought condition. So system is SELL as of 6/20/12.

 

[jkenjohnson]

Not sure if this morning's jobs report will affect the market or not.

MarketWatch - Stock Market Quotes, Business News, Financial News

 

[weatherweenie]

After gaining 1.5% yestreday, my system flipped back to a sell as indications are the market is approaching an overbought condition. So system is SELL as of 6/20/12.

What were you in that you gained 1.5% yesterday?