JTH's Account Talk

[RealMoneyIssues]

I don't get it. Especially after the rest of the world dropped, and pretty dramatic dramatically too.

It's not time yet... wait another week... even BT will be proud

 

[nnuut]

The sellers should show up shortly!
I'm not long winded, but rather prolific!

 

[nnuut]

Did nobody notice the top 30 stats?

I don't see it just the normal 20! Yatta Yatta Yatta!

 

[RealMoneyIssues]

The sellers should show up shortly!
I'm not long winded, but rather prolific!

 

[nnuut]

Ha! Ha! Off to the local Watering Hole, now you won't have me to push around any more, until later!

 

[ravensfan]

Indexes back in the green, sellers just can't seem to take this market down...

And things looked so promising this morning. Perhaps it's time to break out the sacrificial lamb...:nuts:

 

[AircrewChief]

Ha, truth is I don't use much for indicators, at least not the ones the majority use, for the most part it's Price, & Volume with a sprinkle of Fibonacci & Bollinger Bands. I still have 2 IFTs this month, still waiting for the right setup and still getting left behind...

Out of curiosity, would you mind sharing what sort of periods you would use with your Bollinger Bands, specifically when looking at indexes?

And forgive me if my verbiage is a little clunky. I'm still learning.

 

[JTH]

Did nobody notice the top 30 stats?

I don't see it just the normal 20! Yatta Yatta Yatta! View attachment 27557

Now you guys are just messing with me...

View attachment 27563

 

[JTH]

Did nobody notice the top 30 stats?

I don't get it. Especially after the rest of the world dropped, and pretty dramatic dramatically too.

It's almost like the S&P 500 is not playing the same game as the other Indexes, this is the second time this has happened this year, it's like playing the shell game and we're watching the wrong shell.

 

[JTH]

Did nobody notice the top 30 stats?

Ha! Ha! Off to the local Watering Hole, now you won't have me to push around any more, until later!View attachment 27558

You mean to tell me you're not drinking when the markets are open...

 

[JTH]

Did nobody notice the top 30 stats?

And things looked so promising this morning. Perhaps it's time to break out the sacrificial lamb...:nuts:

Oh I've sacrificed plenty this year, the only thing I'm missing is a Stock Market Credit Card

 

[JTH]

Did nobody notice the top 30 stats?

Out of curiosity, would you mind sharing what sort of periods you would use with your Bollinger Bands, specifically when looking at indexes?

And forgive me if my verbiage is a little clunky. I'm still learning.

To start off with, most folks use the standards and only a few venture away from them. The 20/20/200 moving averages are the most common and so is the 20, 2 Bollinger Band. Most of these pertain to the Daily timeframes, and sometimes they might work on other timeframes such as the hourly, 15-minute & 5-minute charts. The moving averages you use aren't necessarily the most important part of the indicator, what's more important is how you react to it and that you react to it consistently (if you are seeking consistent results.) It's also important to understand not all indicators work equally well across all Indexes or symbols.

 

[JTH]

Usually you can get a good feel for the stability of the markets by watching the futures throughout the night. Markets stayed green all night long, it looks like today will be positive.

 

[BichonFreeze]

Usually you can get a good feel for the stability of the markets by watching the futures throughout the night. Markets stayed green all night long, it looks like today will be positive.

Futures are indicating a good day before the noon deadline, which as we all know reverses or shifts direction afterwards.

 

[Birchtree]

Oh I've sacrificed plenty this year, the only thing I'm missing is a Stock Market Credit Card

I've got one of those Stock Market Credit Cards and I highly recommend their use - they provide extra potential.

 

[JTH]

Futures are indicating a good day before the noon deadline, which as we all know reverses or shifts direction afterwards.

Only if you use an IFT

 

[JTH]

Not much to report, here's the 6-month view

View attachment 27568

 

[JTH]

AGG is picking up steam

View attachment 27572

 

[JTH]

5-Minute Chart

View attachment 27576

 

[JTH]

The TNA Small Caps ETF has had 5 concurrent down days, for me this puts the top on 4 March (supported with a spike in volume that day on TZA the bearish ETF.) As we approach the end of March, we may see some window dressing to close out the quarter, that could be happening now, which might be why the pullback is stronger in the small caps. What we haven't seen yet is a significant surge in negative volume leading me to believe selling pressure is still subdued.

We have an hourly gap fill @ 1846.33 & 1774.06 At this time I think it's reasonable to look for the first 1846.33 gap to be filled and the 3 march 1834.44 low to be tested. But before any of this can happen, we need to breach 1850 which is an area of 2 previous tops, some congestion on the last wave, the 20SMA, and the 1st Fibonacci level. If a big dummy like me can count 4 areas of support @ 1850, you can bet everyone else can too, so if this area breaks, I expect it to flood the sellers out the door, quickly pushing us down to the next levels of support.
View attachment 27542

Gap is filled

View attachment 27577