JTH's Account Talk

[Bquat]

The 1684 pivot meets the descending parallel price channel, this is a good place to find resistance...

View attachment 25516

I wouldn't even mind breaking it by moving sideways.

 

[JTH]

I wouldn't even mind breaking it by moving sideways.

Another breakout...

View attachment 25518

 

[Birchtree]

It's a bull market....and the lack of obvious euphoria may actually extend the bull market's life.

 

[JTH]

It's a bull market....and the lack of obvious euphoria may actually extend the bull market's life.

That's true, but I've just exited the markets, I'll regroup and live to fight another day

 

[JTH]

9 Oct 2013

Bought AMD @ 3.59

Bought ENPH @ 7.56

Bought TGS @ 2.21

Bought TNA @ 57.65

Not bad for a day's work, all positions closed

Sold AMD @ 3.78/3.79 for a gain of 2.84%

Stopped out of ENPH @ 7.86 for a 1.95% gain

Sold TGS @ 2.29 for a .9% gain

Sold TNA @ 61.36 for a 4.35% gain

 

[OBXTrader]

Bought L2050 100% yesterday and exited today to G-Fund with no more moves. As I just said in my account talk, depending on tonight's pricing should book at least 2% from two day trades this month. Now, all I can do is sit and watch (and draw interest) in G Fund until November 1st.

That's true, but I've just exited the markets, I'll regroup and live to fight another day

 

[JTH]

Statistically speaking...

View attachment 25523

 

[JTH]

Beautiful (yet to be executed) bear flag forming.

Hourly
View attachment 25562

 

[JTH]

SPX lookin good

View attachment 25568

 

[Bquat]

SPX lookin good

View attachment 25567

That's what I said. Can't see your attachment? Guess I was too quick. See it now.

 

[Birchtree]

That's a nice tail intraday - we may get another triple digit day.

 

[rktect1]

That's a nice tail intraday - we may get another triple digit day.

UP or DOWN?

 

[imike023]

UP or DOWN?

Birch and the word down? Does not compute </sarcasm>. Almost positive rktect, he means up.

 

[rktect1]

I just want him on record. Of course he means up

 

[JTH]

Baring any drastic changes in market conditions, I'll be looking to stay invested going into November. This week has a seasonally positive bias, but if I were a short-term trader I'd be looking for an exit on Thursday. Next week is seasonally bearish, but the last week of October transitioning into November + the following week tends to be strong. The best guide I have to offer is to watch the weekly charts, last week's bottoming tail is the anchor, if this week closes below last week's 1687.15 open then I'd advice extreme caution.

View attachment 25588

 

[JTH]

View attachment 25608

 

[JTH]

AMD reports after the close today, based on the price action I've decided to wait on the sidelines. I do expect it to hit $4.50 but I'd like to see a post-report selloff before I resume the postion. Thus far YTD I'm up 3.04% in this stock.

View attachment 25618

 

[rktect1]

Next week seems like agood time for the sidelines

 

[JTH]

IMHO stocks are currently overvalued, while we aren't fully overbought or upside-embedded, we are at a point where buyers should be reluctant to overpay for stocks and sellers should be looking to exit with profits. If anything it would be nice to see some consolidation before the next leg up.

Note: Now that the S&P 500 has made a new high, I've moved the Fibonacci range over to the latest upwave.
View attachment 25629

 

[JTH]

View attachment 25631