JTH's Account Talk

[JTH]

what to look for in volume? I'm looking at stockcharts (1 year on the SPX) right now, I dont see anything in volume other than "higher than usual" activity

Post March 2009 Volume as a whole has been declining, but negative volume is often a good indicator of the marking of a bottom when it coincides with a long-tailed candlestick. A general increase in negative volume is usually a strong sign a downwave is taking place. I've used SPXL (SPX leveraged ETF) to highlight a few examples on the hourly timeframe.

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[jkenjohnson]

My ALU just got stopped out.

 

[Bquat]

How do you do that my friend?

 

[JTH]

My ALU just got stopped out.

Me too (stopped out at 3.90) it sucks, but it is what it is...

 

[JTH]

How do you do that my friend?

Years upon years of painful costly mistakes!!!

 

[JTH]

Smok'em if you got'em

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[JTH]

My 1796-1808 price target (for all intensive purposes) has been met. We may go lower, but before I call a lower target, I'll need to judge the bounce. I'm going in with my first IFT this year, a 66% allocation into the C-Fund, from there I'll either eject on the upside bounce, or buy more on the extended dip, then eject on the bounce. I chose the C-Fund over the S-Fund because I believe it has better valuation (as you can see from the Fib levels I've outlined in the pictures below. Best of luck...

IFT EoB today 34G/66C

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[Bquat]

You go boy! I only have one IFT left and waiting until next week to see if I want to setup again at 50% for February. So I'll just watch thank you. Thank you for posting early enough for other's to decide.

 

[gronk007]

what is an example scenario where you would eject on the upside bounce or what is your criteria?

 

[ravensfan]

My 1796-1808 price target (for all intensive purposes) has been met. We may go lower, but before I call a lower target, I'll need to judge the bounce. I'm going in with my first IFT this year, a 66% allocation into the C-Fund, from there I'll either eject on the upside bounce, or buy more on the extended dip, then eject on the bounce. I chose the C-Fund over the S-Fund because I believe it has better valuation (as you can see from the Fib levels I've outlined in the pictures below. Best of luck...

IFT EoB today 34G/66C

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Thanks JTH!!! I just submitted my first IFT for January as well. Best of luck to you...

 

[JTH]

You go boy! I only have one IFT left and waiting until next week to see if I want to setup again at 50% for February. So I'll just watch thank you. Thank you for posting early enough for other's to decide.

No problem, I don't always get the opportunity to post or watch the market action, it's always nice when I do get the chance

 

[JTH]

Thanks JTH!!! I just submitted my first IFT for January as well. Best of luck to you...

You're welcome, I'm gald to see you left some powder dry, who knows how this will play out

 

[JTH]

what is an example scenario where you would eject on the upside bounce or what is your criteria?

For me, this type of setup is more of a scalping opportunity than an investment opportunity. My next price objective will likely be short-term 1820-1830, anywhere in that zone is fine by me.

 

[Birchtree]

And still there is no panic evident - a very long way to the 100 MA. I believe we were at the 100 MA twice last year and then rallied.

 

[JTH]

And still there is no panic evident - a very long way to the 100 MA. I believe we were at the 100 MA twice last year and then rallied.

You are correct

The 100SMA currently resides at 1760 (a key area of support which is a 5% pullback from the 1850 top.)

 

[JTH]

Daily chart showing the Bollinger Band width (distance between the Upper & Lower bands) is at a yearly low. In general, when the bollinger band is compressed, prices become tightly wound like a Jack-In-The-Box, increasing the likelihood of volatility, meaning price range may expand rapidly. Expect a big move...

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Gotta love those bollinger bands!

 

[rktect1]

Glad to see you move back into s fund.

 

[JTH]

Glad to see you move back into s fund.

Thanks for the catch, I meant to say C-Fund

 

[Birchtree]

It would appear that KSU down 16 points is drilling the Transports mostly today. The small caps S fund could see a -0.50 drop today.

 

[JTH]

It would appear that KSU down 16 points is drilling the Transports mostly today. The small caps S fund could see a -0.50 drop today.

I like chasing tail as much as the next guy, but that one looks painful...

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