JTH's Account Talk

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rktect1 said:
Yikes!

The hammer is dropping again.
Click to expand...

Market will rebound on today's FOMC Meeting. Don't think Yellen is in the mood to upset the apple cart ( get it...Apples Earnings)...I think a passive non aggressive tone with more time to raise interest rates. By the way...whenever Apple reports earnings...I discount them on the market. The market seems to move opposite on their release. If they do good...then market does not. However...with the FOMC news release today...I believe it will be an exception and the market rides higher. Will stay with current S/I since I'm out of moves except for safe G moves.

I like the C setting up even though it has been the weaker of the C/S funds. If I had a move I would to almost all C. Just my two cents worth. :D
 
rktect1 said:
Yikes!

The hammer is dropping again.
Click to expand...

Market will rebound on today's FOMC Meeting. Don't think Yellen is in the mood to upset the apple cart ( get it...Apples Earnings)...I think a passive non aggressive tone with more time to raise interest rates. By the way...whenever Apple reports earnings...I discount them on the market. The market seems to move opposite on their release. If they do good...then market does not. However...with the FOMC news release today...I believe it will be an exception and the market rides higher. Will stay with current C/I since I'm out of moves except for safe G moves.

I like the C setting up even though it has been the weaker of the C/S funds. If I had a move I would to almost all C. Just my two cents worth. :D
 
Yup, I agree. The market seems to be slowly percolating back up. Hopefully we'' see that big Fed pop up this afternoon and the rest of the week. :)
 
FED to remain patient.

FOMC

The Fed said Wednesday it would remain "patient" on raising rates.
The Federal Open Market Committee released its statement Wednesday afternoon.


Most Federal Reserve watchers did not expect any significant announcements or language changes to this month's statement. The FOMC was expected to maintain its "patient" language for eventually raising rates.
 
rktect1 said:
Bang, bang, bang goes the hammer this morning.
Click to expand...

Probably need to throw in the towel on US Markets. May move today or just finish out Friday in hopes of a rebound. Appears strong dollar and resultant low oil working to pound the street. Then add the earnings related to the strong dollar and it gets tough not to be in a defensive posture. Underestimated the impact of this dollar monster. Ugh...need a pullback in the dollar right now!
 
felixthecat said:
Probably need to throw in the towel on US Markets. May move today or just finish out Friday in hopes of a rebound. Appears strong dollar and resultant low oil working to pound the street. Then add the earnings related to the strong dollar and it gets tough not to be in a defensive posture. Underestimated the impact of this dollar monster. Ugh...need a pullback in the dollar right now!
Click to expand...

Felix, right there with ya Man. What's strange is last week when Draghi announced the EU QE measures the announcement elevated Foreign & US markets. As I understand it, that same QE is devaluing the Euro and strengthening the Dollar. Hence, the rug has been yanked out from under us.

Conversely, the same lower Oil prices that are putting $$ in our pockets leaving the consumer with more discretionary $ to put back in the economy is also burying the anchor on the Market motorboat. I'm :confused:


The older I get the more I'm convinced there are a few Bastards sitting around a conference table puffin on an expensive Cuban stogie and sipping Cognac saying, "The Stock Market will be X today and Y will be the justification we'll tell that Kave dude!

If I'm wrong or have missed something someone kindly use this as Teachable Moment for Kave!
 
My S/I combination will allow me to hang in till tomorrow. Better see some green soon or I will bail. Today...no move. I Fund looks to be having a good day.

One more thing...looks like some bottom feeding in the TSPAutotracker. Makes me feel a little better that a bounce may be close. Waiting patiently...but my patience is thinning.
 
airlift said:
JTH,

For the benefit of understanding this better, and from a TA viewpoint, does our interpretation of this Quad low on the SPX PnF chart mean that there should be a tradeable low hereabout, or near 1990.8? Tia.
Click to expand...

It is still a tradable range until the 1988 level breaks. I took an entry this morning in SPXL at 79.51 and will manage the trade as effectively as possible.
 
JTH said:
It is still a tradable range until the 1988 level breaks. I took an entry this morning in SPXL at 79.51 and will manage the trade as effectively as possible.
Click to expand...

Hoping that this finally proves to be the higher low we (I) have been looking for.
 
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