JTH's Account Talk

[Appatite]

You said it. In this kind of market we are really handicapped with only 2 IFT's a month. But will the FRTIB open their eyes and help us out? Nope!!!

You mean there is some kind of normal market? I am about to run for the hills with my pos. 4% for the year.

 

[JTH]

IFT 100F EOB today.

 

[Birchtree]

I see taphophobia is still an important concern.

 

[Birchtree]

Come back, Shane. And bring your dual Colts. For those unaware taphophobia is a fear of being buried alive.

 

[JTH]

You might not have noticed I'm in the s-fund? High Risk high reward, I won't be playing the f-fund much for the rest of the year so long as stocks pick up.

 

[JTH]

Picked up a Google Nexus 7 a few weeks back, since then I have not been on the computer much at all. Getting it setup for trading isn't as fluid as a windows-based OS, but I'm almost done with the kinks. Hope everyone is doing well.

 

[JTH]

Test

Testing posting a picture using the forum app.

 

[nasa1974]

Re: Test

Picked up a Google Nexus 7 a few weeks back, since then I have not been on the computer much at all. Getting it setup for trading isn't as fluid as a windows-based OS, but I'm almost done with the kinks. Hope everyone is doing well.

Testing posting a picture using the forum app.

JTH, The chart looks good. Now with the Nexus 7 I hope that means you will be posting a little more ofter.

 

[JTH]

Re: Test

JTH, The chart looks good. Now with the Nexus 7 I hope that means you will be posting a little more ofter.

Good morning,

For those like me (who don't adapt their trading style to suit the market conditions) it's been a tough year, these markets have been wildly unpredictable, in particular, the Transports. Looks like the Tran has some resistance to deal with, I'm going to stick this out for now, I see no reason to get out ahead of the news.

View attachment 20274

 

[JTH]

I meant to take an exit to the sidelines today, but my new job has kept me busy. I'm not going to get political, I will say that you shouldn't let your perception of President Obama's policies distort the reality of the market. The market is going to do what it wants to do, don't let your views cost you money. Anyways we have 4 tops at this level, what does this mean? I'll tell you what I think and we'll let the market decide. We will breakout, then flag, then establish a tight trading range, either ways I'd love to make some money in the process...
View attachment 20300

 

[clester]

Sounds like the Fed is throwing everything but the kitchen sink at the market. IMO this may be a blow off top. Of course, I'm out so I may be biased.

 

[Birchtree]

The Fed wants to force money out of bonds into equities and the bond market is 10 times larger than the stock market - the 40 year flood is about to start.

 

[clester]

The Fed wants to force money out of bonds into equities and the bond market is 10 times larger than the stock market - the 40 year flood is about to start.

They've been trying for a while now. Buying MBS won't help the bond market rates but maybe I can refi my house at a lower rate now since he's buying mortgages now. I locked in a 3.875 rate on 30 year loan. Maybe it will go down to 3%?

 

[JTH]

While I've done well with the F-Fund this year, my USAA Bond Mutual Fund is spinning in mud, I've gained some div-reinvestments, but no profit to speak of. AGG filled a citical 30min gap I've had my eye on, and closed today with what I call a spike low, meaning I believe there is a strong possibility of a bottom here, I may shift into bonds tomorrow for the short-term.

View attachment 20305

 

[Warrenlm]

They've been trying for a while now. Buying MBS won't help the bond market rates but maybe I can refi my house at a lower rate now since he's buying mortgages now. I locked in a 3.875 rate on 30 year loan. Maybe it will go down to 3%?

Why can't we get negative rates like the banks do?

 

[Birchtree]

There is nothing stopping the Fed from buying equity indexes like the Bank of Japan has been doing - can you imagine the gains that would flow. If they want to boost a favorable attitude then equity gains would do it. Let'em buy the SPX.

 

[JTH]

Good morning

IFT 100G EOB Today

The Spike Low in AGG did not confirm, therefore I won't commit to a position there. "Don't fight the fed" it's true, just ask those who sat on the sidelines off the March 2009 bottom, just use your eyes, not your brain, not the news, and you'll be alright. I'm stepping out of the markets, at some point we'll need to consolidate and confirm previous resistance as support. I am not saying we are going to put in a top here, I'm actually much better at estimating bottoms, not tops.

View attachment 20312

 

[Birchtree]

Rush out to your closest Texas longhorn barn and singe your nostrils with the sweet smell of superlative bull manure - it will clear your head for sure.

 

[JTH]

Nice close on the markets, I feel like I store something...

 

[JTH]

Just a quick long-term observation, the transports are running up against repetitious overhead resistance.