JTH's Account Talk

I must admit that even I miss the "like" system, it gave us great opportunities to thank those who contribute to the forum.


The S&P 500 & Wiltshire 4500 both went bullish today with Double Top Breakouts.

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Wilshire 4500 flips over to a sell...

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JTH,

Thank you you for posting these charts. As a means to better understanding: A few days ago we had upside breakouts depicted for SPX, TRAN, and NDX and the price objectives have yet to be met (to a greater or lesser degree). Attempting to reconcile the direction of the markets with yesterday's double breakdown of W4500, is it correct (or not) to interpret as a greater likelihood that W4500 or the S Fund will drop a bit, but will subsequently be pulled upward by the combined strength of the upward movement by SPX, TRAN, and NDX? Tia.
 
JTH,

Thank you you for posting these charts. As a means to better understanding: A few days ago we had upside breakouts depicted for SPX, TRAN, and NDX and the price objectives have yet to be met (to a greater or lesser degree). Attempting to reconcile the direction of the markets with yesterday's double breakdown of W4500, is it correct (or not) to interpret as a greater likelihood that W4500 or the S Fund will drop a bit, but will subsequently be pulled upward by the combined strength of the upward movement by SPX, TRAN, and NDX? Tia.

Hi Airlift

I find PnF price objectives aren't often met without triggering a some reversals along the way. The underperformance in the small caps could be nothing more than some fear-hedged rotation into large caps or a play on the drop in the dollar. Either ways, I am not impressed with this price action, and very disappointed with April's MTD returns.
 
TNA, trailing stop limit in place $0.50 above the most recent low

27 April 2015, TNA filled @ 89.88 (looks like it's gonna be a bumpy ride)

Good morning

I haven't had much time to manage these trades, which means I should be focusing on longer timeframes. That's the cost of tuition, anyways... I have a trailing stop $1.00 below Monday's close.
 
TNA, trailing stop limit in place $0.50 above the most recent low

27 April 2015, TNA filled @ 89.88 (looks like it's gonna be a bumpy ride

Good morning

I haven't had much time to manage these trades, which means I should be focusing on longer timeframes. That's the cost of tuition, anyways... I have a trailing stop $1.00 below Monday's close.

Thank goodness for stops...out at 89.52

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