JTH's Account Talk

[JTH]

Good afternoon

I don't believe it's unreasonable for us to expect a test of support (previous resistance) this week @ 1450. The rainbow channel should give us a good idea of where the overbought/oversold levels will be.

View attachment 21785

 

[clester]

Good afternoon

I don't believe it's unreasonable for us to expect a test of support (previous resistance) this week @ 1450. The rainbow channel should give us a good idea of where the overbought/oversold levels will be.

View attachment 21785

It seems to be making a right shoulder of a inverted head and shoulders pattern. So some sideways action or a pullback would fit your suggestion too.

 

[JTH]

Not sure how this works out, but one of my projections shows a SPX 1490 Price Objective for the Month of January. However, I think we need to either rest or pullback before we can hit those levels.

 

[Birchtree]

Let's not forget the potential of a market surprise factor - where in we just continue to blast higher creating all kinds of anxiety for those sitting at the train station. An upward trajectory that would even surprise me. We have an improving economy and stock market that nobody wants to believe in - that's purrfect.

 

[JTH]

Transportation Index is just 1.69% away from it's all time high

View attachment 21798

 

[Birchtree]

I think now would be a good idea to purchase some Road Runner Transportation Services (RRTS) for fun. Let the Transports run and run....step back and watch.

 

[JTH]

[h=1]The surprising lessons of the 2012 stock market[/h]"A new report from Goldman Sachs says that 88 percent of hedge fund managers failed to beat the S&P 500 index last year, posting an average return of just 8 percent. And that average masks some very big losers!"

 

[JTH]

Good evening

Not much to report, the good news is nothing happened, giving the indicators an opportunity to catch up with prices is fine by me. One could suppose the S&P 500 is forming an inverted bull flag with an outstanding 1500 price objective. Just don't tell anybody about it, too many folks leaning to one side will flip the boat...

View attachment 21811

 

[Birchtree]

"Stock bulls argue that higher earnings growth isn't fully reflected in share prices, which still are relatively cheap. Even after last week's gains, the S&P 500 is trading at 12.9 forward earnings estimates, below the historical average of 14.8."

 

[JTH]

"Stock bulls argue that higher earnings growth isn't fully reflected in share prices, which still are relatively cheap. Even after last week's gains, the S&P 500 is trading at 12.9 forward earnings estimates, below the historical average of 14.8."

Folks have their eyes on the S&P 500's additional weakness, problem is this weakness isn't necessarily indicative of the overall markets. the NYSE is holding up rather well.

View attachment 21828

 

[JTH]

Good evening

I don't have much to report, mostly because my outlook has been on target and hasn't changed much. I'll be looking for a pullback the week of the 22nd, but expect to exit sometime mid-to-late next week. The transports appear to have broken out some above the recent consolidated channel.

View attachment 21863

 

[Birchtree]

Quick Ideas Currents - Seeking Alpha Just in case you haven't seen this cycle.

 

[Birchtree]

Well that was not my intended link - try this one.

Dow Transport Cycle Keeps On Winning | readtheticker | Safehaven.com

 

[NiteFlyer]

Good evening

I don't have much to report, mostly because my outlook has been on target and hasn't changed much. I'll be looking for a pullback the week of the 22nd, but expect to exit sometime mid-to-late next week. The transports appear to have broken out some above the recent consolidated channel.

I think we need to work on your definition of "broken out SOME".

 

[JTH]

I think we need to work on your definition of "broken out SOME".

I misspoke, I meant within the last 5-day range

 

[JTH]

Good morning

While the CSI funds did put in gains for the week, I found myself disappointing with Thursday's S-Fund action, and the S-Fund's under-performance for the week when compared to the C&I. Below is the last 5-day price performance of the FCSI funds.


[TABLE="width: 500"]
[TR]
[TD="align: center"]F
[/TD]
[TD="align: center"]C
[/TD]
[TD="align: center"]S
[/TD]
[TD="align: center"]I
[/TD]
[/TR]
[TR]
[TD="align: center"]5%
[/TD]
[TD="align: center"]74%
[/TD]
[TD="align: center"]73%
[/TD]
[TD="align: center"]149%
[/TD]
[/TR]
[/TABLE]

[TABLE="width: 188"]
[TR]
[TD]View attachment 21887[TABLE="width: 188"]
[TR]
[TD][/TD]
[TD][/TD]
[/TR]
[/TABLE]

[/TD]
[TD][/TD]
[/TR]
[/TABLE]

 

[JTH]

The Head & Shoulders formation I was wanting to see conversely coincide with a bounce in stocks, did not materialize, but we do have a nice descending parallel price channel to watch.

View attachment 21892

 

[JTH]

Good evening

It was yet another mixed-flat day across the indexes, my first impressions were it was consolidation and I'm fine with that but at some point these recent markets need to choose a direction. We've heard all this talk of money flowing into the markets, if this is true, then why isn't it translating into price? Perhaps it is, only difference being we don't see the sellers making the quiet exit out the back door...

 

[Handballer]

Good evening

It was yet another mixed-flat day across the indexes, my first impressions were it was consolidation and I'm fine with that but at some point these recent markets need to choose a direction. We've heard all this talk of money flowing into the markets, if this is true, then why isn't it translating into price? Perhaps it is, only difference being we don't see the sellers making the quiet exit out the back door...

Birch?

 

[99percent]

Birch?

LOL!