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JTH's Account Talk
- Thread starter JTH
- Start date
JTH
TSP Legend
- Reaction score
- 1,271
Just IFT'd 100G
To be fair, this IFT is based on my personal expectations for my account. My Technical indicators tell me there is more room to the upside, the charts seem to suggest the same.
View attachment 20630
JTH
TSP Legend
- Reaction score
- 1,271
Good morning
In past studies of the 3 major indexes I track, (Transports, S&P 500, Wilshire 4500) I've found that the majority of time the Transports lead by about a day. Sometimes (usually 3-6 months) there are times when the transports are rendered ineffective, and this year has been the case. 2012 has been the year of Tech & Large Caps but when the small caps aren't performing, this should give us a clue as to the true underpinnings of this economy. There have been times (this is one of them) where the NASDAQ takes the mantel as leader of the markets, in particular the NASDAQ 100. This year Apple has been the major player, its weighting within the indexes is ridicules and should be a crime, and I honestly believe it's giving us a false sense of reality.
The chart below is your typical Year-to-Date Price Performance Chart showing Apple and the Large/Mid/SML Caps.
View attachment 20673
In past studies of the 3 major indexes I track, (Transports, S&P 500, Wilshire 4500) I've found that the majority of time the Transports lead by about a day. Sometimes (usually 3-6 months) there are times when the transports are rendered ineffective, and this year has been the case. 2012 has been the year of Tech & Large Caps but when the small caps aren't performing, this should give us a clue as to the true underpinnings of this economy. There have been times (this is one of them) where the NASDAQ takes the mantel as leader of the markets, in particular the NASDAQ 100. This year Apple has been the major player, its weighting within the indexes is ridicules and should be a crime, and I honestly believe it's giving us a false sense of reality.
The chart below is your typical Year-to-Date Price Performance Chart showing Apple and the Large/Mid/SML Caps.
View attachment 20673
JTH
TSP Legend
- Reaction score
- 1,271
Good morning (again)
On the 30 minute charts both the S&P 500 and Wilshire 4500 have broken below their short-term trendlines, thus far the markets are meeting my expectations. I do not believe a bottom will be put in today, my next projected IFT is scheduled for Monday 15 October, but I may jump in the Friday prior.
View attachment 20676
View attachment 20677
On the 30 minute charts both the S&P 500 and Wilshire 4500 have broken below their short-term trendlines, thus far the markets are meeting my expectations. I do not believe a bottom will be put in today, my next projected IFT is scheduled for Monday 15 October, but I may jump in the Friday prior.
View attachment 20676
View attachment 20677
JTH
TSP Legend
- Reaction score
- 1,271
Thanks MaStA, I'm in the G-Fund right now, I've updated the signature block.
JTH
TSP Legend
- Reaction score
- 1,271
Gotcha! I was flicking through posts this morning and missed the one where you said you went G.
Do you see more movement downward? If so, where do you think we will turnaround and head back up?
The S&P 500 has tested both 1470 & 1430 twice. My expectations are which ever of these two prices gets tested a third time, will ultimately prove to be the final direction price is likely to head.
JTH
TSP Legend
- Reaction score
- 1,271
JTH
TSP Legend
- Reaction score
- 1,271
Good morning
No IFTs this morning, I'll continue holding G-fund. On the daily timeframes, both the Transports & Wilshire 4500 have established a lower high & lower low, while the S&P 500 has a lower high and break-even low. Of concern is the NASDAQ 100 with a nasty right sloping Head and Shoulders formation.
View attachment 20700
No IFTs this morning, I'll continue holding G-fund. On the daily timeframes, both the Transports & Wilshire 4500 have established a lower high & lower low, while the S&P 500 has a lower high and break-even low. Of concern is the NASDAQ 100 with a nasty right sloping Head and Shoulders formation.
View attachment 20700
JTH
TSP Legend
- Reaction score
- 1,271
What we see here is a text book rejection of the previous yellow trendline where previous support fails and becomes resistence.
View attachment 20701
View attachment 20701
JTH
TSP Legend
- Reaction score
- 1,271
Good morning
Would like to see the markets put in a reversal today, but it has not happened yet, so NO IFTs today, I'll remain in the G-Fund over the weekend.
View attachment 20707
Would like to see the markets put in a reversal today, but it has not happened yet, so NO IFTs today, I'll remain in the G-Fund over the weekend.
View attachment 20707
JTH
TSP Legend
- Reaction score
- 1,271
Seems like a common (yet often overlooked) setup, where the double bottom gets tested a third time, but this time breaks just below, just enough to throw out the crowd. In this senerio the third time is a charm.
JTH
TSP Legend
- Reaction score
- 1,271
Good morning
I had meant to take an entry on Monday, but had the flu and slept past the deadline. Unfortunately, Monday's price action didn't answer the questions I have, nor are they getting answered today, so I'll sit this out and see what transpires for the rest of the trading session. In the meantime, here are some 30 minute charts, perhaps they will help you make some of your own decisions.
View attachment 20746
View attachment 20747
View attachment 20748
I had meant to take an entry on Monday, but had the flu and slept past the deadline. Unfortunately, Monday's price action didn't answer the questions I have, nor are they getting answered today, so I'll sit this out and see what transpires for the rest of the trading session. In the meantime, here are some 30 minute charts, perhaps they will help you make some of your own decisions.
View attachment 20746
View attachment 20747
View attachment 20748
Birchtree
TSP Talk Royalty
- Reaction score
- 143
JTH,
You might consider looking at Mesabi Trust (MSB). They just increased their dividend from Q$0.64 to Q$1.13 - that's a 16.2 percent yield and they are in the right sector. The new dividend is payable Nov. 20th. I do own a nice block of this stock and is now trading over $28. I bought some in the $8 to $10 range back in early 2009. And continue to DCA with current dividends all the way to who knows where.
You might consider looking at Mesabi Trust (MSB). They just increased their dividend from Q$0.64 to Q$1.13 - that's a 16.2 percent yield and they are in the right sector. The new dividend is payable Nov. 20th. I do own a nice block of this stock and is now trading over $28. I bought some in the $8 to $10 range back in early 2009. And continue to DCA with current dividends all the way to who knows where.
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