JTH's Account Talk

[JTH]

Breakout

View attachment 31982

 

[JTH]

With 6 of the first 8 days of January closing down, this is turning out to be a crappy month.

For the S&P 500, over the last 20 years, there have been 3 occasions where the 1st 2 days of January closed down, 2000, 2005, & 2014. In all 3 of those occasions the month closed down.

 

[WorkFE]

For the S&P 500, over the last 20 years, there have been 3 occasions where the 1st 2 days of January closed down, 2000, 2005, & 2014. In all 3 of those occasions the month closed down.

Breakout

Now I'm confused.
I guess I will know at the close whether my move to the G yesterday was wise or not.

 

[Skorcher]

At least 2005 and 2014 ended up positive for both C and S funds. 2000 of course was a debacle. More likely we're following 2005 since both years end with a 5 and are one year before the presidential election.

With 6 of the first 8 days of January closing down, this is turning out to be a crappy month.

For the S&P 500, over the last 20 years, there have been 3 occasions where the 1st 2 days of January closed down, 2000, 2005, & 2014. In all 3 of those occasions the month closed down.

 

[JTH]

At least 2005 and 2014 ended up positive for both C and S funds. 2000 of course was a debacle. More likely we're following 2005 since both years end with a 5 and are one year before the presidential election.

Sounds like you've been doing your research, perhaps I should following you?

 

[rktect1]

Past performance is no guarantee of future results.

Just saying.

At least 2005 and 2014 ended up positive for both C and S funds. 2000 of course was a debacle. More likely we're following 2005 since both years end with a 5 and are one year before the presidential election.

 

[MrJohnRoss]

Breakout

View attachment 31982

Unfortunately, it's also over-bought. RSI suggests it's time for a cool down.

 

[JTH]

Unfortunately, it's also over-bought. RSI suggests it's time for a cool down.

Ha, if your jumping in after the breakout you're too late to the game. I did identify the first breakout on 2 Jan when we broke the ascending triangle. Too bad I didn't IFT into it...

 

[MrJohnRoss]

Ha, if your jumping in after the breakout you're too late to the game. I did identify the first breakout on 2 Jan when we broke the ascending triangle. Too bad I didn't IFT into it...

Ya, kinda like me watching the market roll over in late Dec, but ignoring it because I believed in Santa Claus. Doh! :blink:

 

[JTH]

I JTH herby invoke the power of the bulls

Hear my call... rally here, rally now, trudge forward, carry this banner from the bottom of the valleys to the peaks of the mountain tops.

Chant "we will give no more"

View attachment 31984

 

[craigerv]

I JTH herby invoke the power of the bulls

Hear my call... rally here, rally now, trudge forward, carry this banner from the bottom of the valleys to the peaks of the mountain tops.

Chant "we will give no more"

View attachment 31984

You know they all died right?

 

[WorkFE]

It worked a little bit

 

[JTH]

You know they all died right?

There, that's better...

View attachment 31985

 

[Bquat]

So a pop in oil prices may have brought the markets back. Was today just buy the news day after the drop?

 

[JTH]

So a pop in oil prices may have brought the markets back. Was today just buy the news day after the drop?

I'm not much on news, there's always something they try to attribute the price action to, Copper, Oil, Russia, Ruble, Middle East, ect.

If it makes you feel any better, I went long before the close...

 

[JTH]

PnF Update

• Today, AGG triggers a Double Top Breakout, the 3rd buy signal in 11 days.
• Today, Tran triggers a Double Bottom Breakdown, the 2nd sell signal in 9 days.
• While SPX still has a bullish price objective, the leveraged 3X ETF SPXL triggered a Double Bottom Breakdown today.

View attachment 31994

 

[JTH]

I never like it when stats are this good...

View attachment 31995

 

[ravensfan]

I never like it when stats are this good...

View attachment 31995

Let's hope thats a light at the end of the tunnel and not another train...

 

[pmaloney]

This weak Wednesday closed well above the lows in a strong finish. Time to finish the job with a big win!

Great Graph! Can you cut and paste that in for Friday as well?

 

[rktect1]

What will be next?

1. Dip de baw (time to buy)
2. Capitulation (run for the hills)

january is not shaping up well and as january goes, so goes the year.

or so they say.