JTH's Account Talk

[JTH]

Another boring day in the markets, SPX rides below the top trendline and above the Bolinger Band, move along, nothing to see here...

View attachment 22852

View attachment 22853

 

[Sensei]

Hi JTH,

As a relative novice, I wanted to ask about the bollinger bands you have in your chart. When I look at the BBs, I just use the presets, which say 20 2. I assume that means 2 standard deviations above and below the 20 MA, whether it be daily, weekly, or whatever measurement of time I'm using in the chart. In your chart, I notice that it says "260 2.0" What exactly is that? Just asking, because all the BBs I'm looking at with my default settings (weekly, daily, hourly & 30 minute) show the SPX just below the bollinger band. I'm curious to learn more. Thanks!

Sensei

 

[rktect1]

When I retire, I want to be done.....Sail and scuba.....I will try for my goal, 1 Mil and my pensions with military/civilian.....Then I can take my SS check to the casino once a month!

Ive got a similar plan. But if i can get all those ducks in a row by 62, i will continue with higher, not overly agressive, but higher risk higher gains into retirement.

my dad did everything right. Retired at 65. He is now 80 and money is real tight for him. 15 years is a long time and unpredictable. Like i said henhad done it right. Pension, ss, wifes ss, lump sum from company he left, home paid for, etc.

life is funny sometimes. Dont be complacent.

 

[JTH]

Hi JTH,

As a relative novice, I wanted to ask about the bollinger bands you have in your chart. When I look at the BBs, I just use the presets, which say 20 2. I assume that means 2 standard deviations above and below the 20 MA, whether it be daily, weekly, or whatever measurement of time I'm using in the chart. In your chart, I notice that it says "260 2.0" What exactly is that? Just asking, because all the BBs I'm looking at with my default settings (weekly, daily, hourly & 30 minute) show the SPX just below the bollinger band. I'm curious to learn more. Thanks!

Sensei

I love to use 30 minute candlesticks because they finish with 13 sticks, unlike the hourly charts which cut the first/last stick in half. In order to view a 20 day Bolinger Band on a 30 Minute charts I calculate 13 x 20 = 260 this gives me a 20 Day Bolinger Band over a 30 minute chart, which puts me in the ballpark of where the 20 Day is. It also give me a finer-tuned version of the data. It works for me because I use it consistently across all my charts.

 

[JTH]

Good morning

Unlike the other indexes, the Transports have not made a higher high over the last few days.

View attachment 22859

 

[Guest2]

Good morning

Unlike the other indexes, the Transports have not made a higher high over the last few days.

View attachment 22859

This all looks so familiar. I guess history does repeat itself

 

[JTH]

This all looks so familiar. I guess history does repeat itself

Thanks for checking in!

 

[JTH]

No IFT today, we aren't where I thought we'd be, so I'll wait.

 

[Bquat]

No IFT today, we aren't where I thought we'd be, so I'll wait.

Me too.

 

[JTH]

Me too.

This market stinks, I've been looking for buying opportunities and everything within my criteria is overbought, this is telling me this market is overvalued.

 

[JTH]

The markets didn't move as much as expected, when looking for direction, here are the key levels I'll be watching. I'm of the camp that this market has topped out in the short-term.

View attachment 22867

View attachment 22868

View attachment 22869

 

[JTH]

The S&P 500 has had not more than 2 concurrent down days since December.

 

[Bquat]

The S&P 500 has had not more than 2 concurrent down days since December.

I need another down day tomorrow. I want 1540-42 for buy in.

 

[JTH]

I need another down day tomorrow. I want 1540-42 for buy in.

You and me both, only I could use a few. Sitting #58 on the tracker, only myself and one other guy above me is in the G-Fund, a S-fund -1.03% down day would put me back in the #4 spot although it's unlikely to happen. I was originally supposed to enter the markets today, I chose not to based on the recent weakness within the Transports, but that was the only reason, everything has played exceptional well. To capitalize on opportunities, there is a fine line between patience and stupidity and I appear to be testing both...

Of little consequence, the last time VIX hit a 11.50 low was April 2007 just 6 month before the market topped.

View attachment 22872

 

[JTH]

Was sitting at home today doing some scouting... what a missed opportunity

View attachment 22873

 

[JTH]

Going to the beach today, have fun, I will

View attachment 22875

 

[Mcqlives]

Going to the beach today, have fun, I will

View attachment 22875

Enjoy! Hope you have access to the markets. 2 tests of your 1549ish line already this morning. This could get good or ugly real quick today!

 

[JTH]

Enjoy! Hope you have access to the markets. 2 tests of your 1549ish line already this morning. This could get good or ugly real quick today!

Yep, I'll be surfing the internet on my nexus 7 throughout the day, provided I have a 3G signal...

 

[JTH]

It's very difficult to make an IFT on a tablet while your crazy wife is driving 70mpg down the interstate...

100S EoB today.

 

[Mcqlives]

It's very difficult to make an IFT on a tablet while your crazy wife is driving 70mpg down the interstate...

100S EoB today.

I wanted to but just couldn't bring myself to do it based on this mornings action. Hope you are right!