JTH's Account Talk

Sort by newest Sort by date
This market needs a pullback, would we rather lose our money on a 10-day down-wave or a 1-day plunge? Institutional sellers are slipping out the back door at the top, while Mom & Pop support prices. Rotation, what's old becomes new, what's been working stops working, tis the season for changes...

View attachment 27773
 
JTH said:
This market needs a pullback, would we rather lose our money on a 10-day down-wave or a 1-day plunge? Institutional sellers are slipping out the back door at the top, while Mom & Pop support prices. Rotation, what's old becomes new, what's been working stops working, tis the season for changes...

View attachment 27773
Click to expand...

I agree. Just let me get 2-3% more first. :)
 
Across the 6-Month chart, we can see prices are compressing. The Bollinger Band width indicator is at a 40-day low, sooner or later prices need to unwind, at what speed & direction is yet to be determined.

View attachment 27782
 
jpcavin said:
I think you're really good with charts so please excuse me when I say "this sure is one ugly chart!" :D
Click to expand...
Agreed on both accounts...

I know this is way too wonky and technical, but the one word that comes to my mind when I think about the S fund lately is "tired" :cheesy:. It's looking good at the open, but yesterday it broke my heart at the close, and we've got miles to go until 4pm. Looks like the I fund may have a bit more gas as we end the month.
 
More of the same.

Keep an eye on TZA (the inverse small cap ETF) if it breaks above 15.85 with volume conviction, then I'd expect the markets to breakdown. Until that time, IMHO the right thing within TSP is to hold the position you're in.

View attachment 27793
 
AircrewChief said:
I love your charts, JTH. Is a bear ETF, like TZA, essentially a fund comprised of short positions? Thanks in advance!
Click to expand...

It's a bit difficult to describe, it is the opposite of the TNA ETF. "Direxion Daily Small Cap Bear 3X Shares (the Fund), formerly Direxion Small Cap Bear 3X Shares, seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the Russell 2000 Index (the Small Cap Index)."

It's done with some form of voodoo math...
 
jonfresno said:
...the S fund lately is "tired" :cheesy:.. .
Click to expand...

I agree, the S fund has felt like a teenage prom date to me. At opening she says yes, at noon (when you lock in your suit rentals), everything is still fine, to dump you right before the dance (4 pm) for that foreigner (I-Fund).
 
TZA 15.85.................???????? You called it...........and then some. Should be interesting.
 
BichonFreeze said:
Is Obama saying something in Brussels the market doesn't like? Pretty sharp turn.
Click to expand...

No Michele found out he paid a visit to the Prime Minister of the Netherlands while she's in China. the PM of the Netherlands is the one he was carrying in with at Nelson Mandella's memorial service...poor Barrack.
 
You must log in or register to reply here.

Similar threads

tsptalk
  • Article Article
Is the market ready to explode, or has it come too far, too fast?
Replies
0
Views
283
tsptalk
tsptalk
tsptalk
  • Article Article
Bond yields putting the pressure on stocks -- holiday reversal?
Replies
0
Views
299
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Something big was brewing, all right
Replies
1
Views
445
robo
robo
tsptalk
  • Article Article
Follow through for stocks as oil plummets
Replies
1
Views
157
TommyIV
TommyIV
tsptalk
  • Article Article
The chasers are making money -- so far
Replies
0
Views
287
tsptalk
tsptalk
Back
Top