JTH's Account Talk

Sort by newest Sort by date
View attachment 8747




Here's a quick I-Fund snapshot of what's going on. The I-fund lags behind the American Markets failing to make a new high from the previous yellow circled swing high.

View attachment 8748



Top 4
Japan: putting in a high base short of the previous wing high.
England: Broke through the previous swing high & looking strong.
France: Broke out of a high base, still lower than the previous swing high.
Germany: Broke out of high base, now higher than previous swing high.

All in all, the top 4 I-Fund weighted charts don't look so bad, but it is mixed.

View attachment 8749



Lower 4
Switzerland ETF: Essentially retracing from a double top.
Sydney: Broke out of a high base, still lower than the previous swing high.
Spain ETF: Crappy.
Italy ETF: Crappy.

So you can see there is a huge difference with the lower 4 weighted charts.
View attachment 8750




Over the last 2 days the dollar has broken out with authority while the EURO has broken into new lows. But the dollar isn't all that strong against other currencies so we could still see continued strength in the American Markets.

View attachment 8751
 
Last edited:
I began looking for a pull back 6 days ago when the Transports peaked 3 days before the other markets. At that point the PVI got sporadic while the NVI began fading back. However, with prices trading at the bottom of the regression channel, you could propose odds favor a bounce from here.





From my perception it's somewhat strange the NVI has traded flat at these levels instead of fading back like the other charts. Of the 4 market charts I estimate the NASDAQ is showing the most strength.



If the S&P 500 were to continue with a correction, I would guess the rising 20EMA's green line approaching 1150 would be a great place for a bounce.





The Russell small caps have hit the bottom of the regression channel twice in 4 days. We have a strong pullback on the TSI, sporadic action on the PVI and a strong pullback on the NVI. I estimate this to be the weakest of the 4 market charts.





The VIX has its first close above the 20EMA since mid February and a rising TSI.

 
Last edited:
I haven't been a fan of the F-Fund or bonds in general since yields bottomed out in December 2008.

Looking for the reaction to AGG's test of the 200EMA.

View attachment 8757
 
Last edited:
:cheesy: I "passed" you yesterday - actually I think YOU PASSED me, going down while I was sorta static.

This attack in Korea might make things ugly, this is the sort a catalyst that makes a great excuse to sell.
 
Oh Allah, let'em shoot at each other - it's good for morale. It will teach the North Koreans a valuable lesson - they can be touched at any time and South Korea doesn't have to worry about China lending a hand.
 
Allah? Surely you jest. The Middle East has no score in this one. The closest Muslims are on the other side of China, literally.
 
Not much to say, perhaps we are in the throws of a pullback, but at the moment I don't anticipate having it be that deep. I'm getting a little bored with the raff regression channels, so I've swapped them out with 9, 18, & 45 day linear lines to show the price transitions. Should prices decide to pull back further, the price boxes are the levels I expect price to pull back to. These levels are based on resistance, support. and Fibonacci.

On the transports check out the 9 day linear line, it reminds me of a bull flag setup.





On the S&P 500 everyone and their mother is watching to see what prices do at the 20 moving average and the previous 1150 top. Honestly I'm not thinking we'll get as low as 1155, but that's just what I think, price will prove me right or wrong.






The small caps look to be more overbought than the S&P 500, therefore they look a bit tired and flatter at these levels. If you look at the yellow box you see the 50EMA ties in with the previous swing high top. This is in stark contrast with the 20EMA matching the previous swing high top on the S&P 500.






I don't have much to say about the I-Fund except to say if it weren't for Spain & Italy, the I-Fund would be raking in the money, perhaps more than the S-Fund. Still, it has held up rather well considering all the PIGGS drama.





For the dollar, I'm thinking prices bit off more than they can chew, notice the declining 9 day linear line on the NVI?

 
Last edited:
I am the top poster today, count em that's 12 post. That makes me special :D
 
Per the rules of the Axial-Drifter systems they have used their last March IFT to enter the I-Fund EOB today. As for me, I'm sitting this out with a guarded 33G, 33C & 34S allocation. We still haven't seen a test of the 20EMAs across the charts and I would like that to happen soon.

View attachment 8826


 
Last edited:
You must log in or register to reply here.

Similar threads

tsptalk
  • Article Article
Is the market ready to explode, or has it come too far, too fast?
Replies
0
Views
284
tsptalk
tsptalk
tsptalk
  • Article Article
Bond yields putting the pressure on stocks -- holiday reversal?
Replies
0
Views
299
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Something big was brewing, all right
Replies
1
Views
445
robo
robo
tsptalk
  • Article Article
You're fired! Maybe not.
Replies
0
Views
84
tsptalk
tsptalk
tsptalk
  • Article Article
Follow through for stocks as oil plummets
Replies
1
Views
158
TommyIV
TommyIV
Back
Top