JTH's Account Talk

[JTH]

I'll tell you what, this is not a swing traders market...

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[nasa1974]

Not today.....

 

[nasa1974]

Great charts JTH.

 

[JTH]

4 point gap yet to be filled from 906-910

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[CapeChem]

There's a huge gap in my account that needs to be filled!!!!

 

[JTH]

Hope everyone has a great weekend!

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[nasa1974]

Thanks JTH,
You have a great Labor Day weekend yourself.

 

[JTH]

New Allocation EOB today, I'll go into more details this weekend.

G 10
F 45
C 10
S 15
I 20

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[JTH]

This is a mixed bag of nuts for a Market with all these mixed signals. Seems today money is flowing into both $SPX & AGG. As most are, I'm a Bear, but in this market, if you are too Bearish it can prevent you from making money on the long side.

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[Birchtree]

Nice graph - you are what you buy.

 

[JTH]

Thanks Birch, I never mind when you drop in

I want to know where the next swing high will be, will you tell me so I can make an exit?

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Just a quick note: $SPXA50 (number of S&P 500 stocks above their 50-day average) has yet ot put in a higher swing high.

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[Viva_La_Migra]

Thanks Birch, I never mind when you drop in

I want to know where the next swing high will be, will you tell me so I can make an exit?

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Just a quick note: $SPXA50 (number of S&P 500 stocks above their 50-day average) has yet ot put in a higher swing high.

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He doesn't believe in calling a high. He always thinks it will go higher!

 

[Birchtree]

You want a top - I'll give you an SPX top of 2706 three years from this month. That's the best I can do.
"A rise in the S&P's five month moving average above its 15 month average for the first time since 2003 signals stocks are in the early stages of a bull market. The five month MA rose above the 15 month MA line three other times in the past two decades: March 1991, October 1994, and July 2003. Each cross foreshadowed returns of at least 16 percent during the following 18 months. Everytime you see these two cross, it signifies a major event. It confirms the shift in market sentiment."

http://www.bloomberg.com/

 

[JTH]

Flip a coil, I'm voting for a positive close on the day.

 

[Birchtree]

Well I hope it's not a runaway close because I have about 10 dividends due for reinvestment today and better pricing is always best.

 

[JTH]

Believe what you want, I'll just pretend we are due for a pullback in AGG with a subsequent inverse rise in $SPX, so long as the dollar behaves itself.

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[JTH]

Here is a hourly view of the TSP represented funds and a daily view of the dollar, all with a 20 SMA attached.

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[JTH]

As of late, I've been watching for 10 & 20 day exponential moving average crossovers, as a signal for the trend direction. On the hourly charts we can see that $Tran lead the way on September 3rd, with the Nasdaq & S&P 500 following $Tran's lead the next day.

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[JTH]

If you think about it, it's sort of amazing AGG has been able to climb along side the S&P 500 for as long as it has. One of these trendlines has got to give and as with the markets, volume has been unimpressive.

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[JTH]

Reach for the stars baby...

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