JTH's Account Talk

[JTH]

11:00 Brunch update

Up to the minute 7 day hourly Stockcharts.com candlestick chart.

View attachment 6077

 

[KevinD]

To Start, (C) and (S) as I believe they would lead the way up. With
Europe lagging behind, I might include (I) in my next move to catch
a follow up pop from the blokes across the sea. 800 in the S&P is
the close we all seek. After that, we could have a major move up
without hitting the 600's again for a long, long time.(if ever)

50/50? 60/40? 40/60? 35/35/30? 40/40/20?

Another light bulb came on over the weekend. Resistance (and support for that matter) is where everybody has their stops, right? Thats why it's so hard to break through. Everybody's seeing the same thing and reacting the same way...

 

[Birchtree]

The 50 day MA for the SPX is now at 798 - we just blew right past that level.

 

[JTH]

The 50 day MA for the SPX is now at 798 - we just blew right past that level.

It's been a long time since I've made a full exit to G on an up day.
We've made a solid close above 805 and for those of you who made money today congrats.

Next step: Confirmation, then 838. Best of luck, I'll be rooting for you from the sidelines.

 

[Birchtree]

So I take it you are ice for the next six trading days? I hope it doesn't turn out to be too expensive.

 

[JTH]

So I take it you are ice for the next six trading days? I hope it doesn't turn out to be too expensive.

That's ok, I was lightly in stocks with a heavy lean on Bonds. I needed to make the exit out of bonds anyways. As for the next 6 days? We may take a breather and chop around over support.

If we don't, then I expect the next fall to be just as quick as the last rise. Here's to hoping I don't burn up on re-entry. :cheesy:

 

[JTH]

10:56 Brunch update

Up to the minute 7 day hourly Stockcharts.com candlestick chart.

View attachment 6081

 

[JTH]

One of my favorite plays is the F-Fund. I've decided to stay out until it proves its worth. I would have rather stayed in, but I don't see much going for it. :suspicious:

5 Min Below 20 & 50 MA
15 Min Below 20 & 200 MA
60 Min Below 200MA
Daily Below 50 MA


View attachment 6082

 

[JTH]

11:00 Brunch update

2-Day 15 Minute Stockcharts.com candlestick chart.


View attachment 6085

 

[turbo23dog]

Where can I find out how to read these candlestick charts? I have no idea what these say.

 

[Minnow]

Try this for a little basic stuff:

www.swing-trade-stocks.com/reading-candlestick-charts.html

Plus, www.investopedia.com is always a good starting point.

When you figure them all out, let us know. Good luck!!!

 

[JTH]

Thanks Minnow

In addition, Stockcharts.Com has a decent chart school section. The chart is posted for those without access to candlesticks. I should point out that I NEVER base my IFTs on the morning action alone. I just use it to validate what I believe the charts are telling me.

http://stockcharts.com/school/doku.php?id=chart_school

 

[JTH]

11:03 Brunch update

3-Day 15 Minute Stockcharts.com candlestick chart.

View attachment 6091

 

[BooDog]

Very cool to see the technical analysis. That is the major way I like to play. Looking forward to reviewing what you have done here. Was contemplating a sell off/ consolidation period so am moving most back to the G fund myself. But leaving some behind just in case. Have to wait till April to move again grrrrrrr.

 

[JTH]

Good morning

If the S&P 500 goes up to 1,600, but the dollar loses half its value did you make any money?

I know there are so many smart folks on CNBC, in the blogs, and scattered across various news sources. They all seem to be climbing on the Bull and ready to ride off into the sunset. I'd like to see what those folks have to say when they are paying 100 dollars for a loaf of bread.

Since opening up a brokerage and ROTH IRA, I no longer worry about managing Mr. Longs TSP account. If the market goes down, I can short, if it goes up I can go long. I bring this up, because if all you have is a TSP account, it becomes easy to only focus on the bullish direction. I realize the TSP has the huge advantage of having a low operating cost. But what type of advantage is that, if you don't have the flexibility of timing, or the option of investing in Gold when both bonds and stocks are in the hole?

For some of the newer folks, I would encourage you to broaden your options and spread your wings beyond the TSP. http://www.etftalk.com/forum/

Here are some levels I'll be watching, good luck.

View attachment 6094

 

[Birchtree]

943.02 here we come.

 

[JTH]

943.02 here we come.

Ol friend this is a round-trip train. Before you get to 943, I need to get my time-delayed April bounce off of 770, so I can get a discount rate

 

[Birchtree]

Good luck on your entry point - but this train ain't stopping for passengers.

 

[JTH]

11:44 Brunch update

2-Day 15 Minute Stockcharts.com candlestick chart.

Take care and enjoy your weekend.

View attachment 6102

 

[JTH]

The Bear still has teeth...

View attachment 6104