Kaufmanrider's Account Talk

[Kaufmanrider]

Staying with the Sentiment Survey the upcoming week. I expect a breakout on the upside.

We have funded the government for the rest of the year, all political parties agree we need to curb the governments runaway spending, and I expect something to happen in Libya soon to stabilize oil and lower it a tad.

Besides, companies are still making money. Maybe not as much, or exactly what the experts expected, but they are still turning out some pretty good profits.

We will see.

 

[Kaufmanrider]

Oil rising too high. Gonna sit out next week and wait for a new month and new IFT's. Moved 97% F, 1 each in C, S, and I. I'll see how many <1% trades I can squeeze in.

 

[Kaufmanrider]

Oil rising too high. Gonna sit out next week and wait for a new month and new IFT's. Moved 97% F, 1 each in C, S, and I. I'll see how many <1% trades I can squeeze in.

I guess I should have stayed out in May. Overall, another down month for me. About 1% in April, now about the same in May. Still up for the year, 1% or so. My 12 month rate has dropped way down to 8%.

Gotta do better????? Let's hope I can get a quick bounce in my account in June.

 

[Kaufmanrider]

Been a while since I posted. Up and down, up and down. Moved into the safety of the G fund today. I was 60 in G and 40 in L2020. Tired of losses everday. I still don't trust a bounce. Market worked it's way positive today. I made a small gain. I'll watch tomorrow and Friday. I might jump back in for a couple days if it looks like we have a relief rally going.

For the year, I am just about flat. At least I get 5% each payperiod for Uncle Sam. So I guess I can say I am positive for the year?????

 

[Kaufmanrider]

Wow, my eyes are still spinning after todays drop. I half expected a gain and was hoping to jump in.
Sitting in the G fund in a daze. I want to buy in, thinking we can't get much lower, but tonight I received
some e-mails from some investment managers I subscribe to. Both of them are telling their people to get out
tomorrow, Friday. Makes me think we might see another sell off. And to boot, there are nasty rumors the jobs
report might be worse than expected, like only 50,000. I hope not.

 

[Kaufmanrider]

What to do?

I want to buy in. a rally is due. But with the downgrade, who knows. I guess I'll watch the action Monday, and maybe tuesday before I decide. I still have one ift left this month. Hate to waste it.

 

[Kaufmanrider]

Tel Aviv exchange halts trade after 6% fall

Is this a sign of what to expect? Fed meets Tuesday? May be worth buying in for Tuesday??? I expect them to announce something?
But then again, Ben might not.
http://news.yahoo.com/tel-aviv-exchange-halts-trade-6-fall-082839508.html

 

[RealMoneyIssues]

Tel Aviv exchange halts trade after 6% fall

Is this a sign of what to expect? Fed meets Tuesday? May be worth buying in for Tuesday??? I expect them to announce something?
But then again, Ben might not.
http://news.yahoo.com/tel-aviv-exchange-halts-trade-6-fall-082839508.html

I will not look at the market on Monday because of things like this. I honestly don't see any relief in sight and all I can do now is hope that it rebounds in the next couple years...

 

[burrocrat]

I will not look at the market on Monday because of things like this. I honestly don't see any relief in sight and all I can do now is hope that it rebounds in the next couple years...

That's two of us past our pain threshold now, anybody else want a beer? Me and RMI are buying.

What else are you going to do with your winnings?

 

[nnuut]

I'll take a Yuengling!

 

[SteelSaving]

I'll take a Yuengling!

Mmmm... Taking a trip to PA in a few weeks. I know what I'll be taking home.

 

[Kaufmanrider]

I forgot about Yuengling. I lived in PA for a few years back in the 90's. Way over on the other coast, up in Oregon, I used to enjoy
some of Henry Weinhardt's Private Reserve. Sure making me thirsty thinking about these two fine adult beverages. Down her in Texas I think today is day 39??? in a row of 100 degree plus temps. Truthfully, I have lost count.

Almost bought in today. I was watching the charts and the RSI and Stochastics. If it would have been up at 11am (noon ET) I would have bought. Glad I didn't.

S&P futures down, and CNBC (Kudlow) just mentioned Japan and Australia futures? down 2%

 

[SteelSaving]

I was in Montana a couple months ago and brought a 6 pack of Henry Weinhardt's with me.
Next time, I bringing a case or 5.

 

[Kaufmanrider]

Montana? Maybe I'll drive up for a few cases.

Changing the subject, I took the jump. Entering the S fund, effective close of business today. Maybe some sideways action for a few days, but we can't go any lower??? Can we!!!!!!

 

[SteelSaving]

It was in Polson, they had plenty.

 

[Kaufmanrider]

Well I did an IFT from 100% S to 50% S and 50% G. I promised myself if the S fund was up at the IFT deadline, I'd lock up some of my gains.

If it was down, I'd stay 100% S to catch a bounce early next week.

Come Monday, if it's up, I'll take 25% out, and if not, stay put. Gotta start locking in them gains and get defensive in this market.

 

[Happy_Trails]

Well I did an IFT from 100% S to 50% S and 50% G. I promised myself if the S fund was up at the IFT deadline, I'd lock up some of my gains.

If it was down, I'd stay 100% S to catch a bounce early next week.

Come Monday, if it's up, I'll take 25% out, and if not, stay put. Gotta start locking in them gains and get defensive in this market.

Me to, 50S, 50G. Did not want to step out completely as I have ground to make up but did not want to get crushed on Monday either. So, I'm riding the fence for now.

 

[Kaufmanrider]

Me to, 50S, 50G. Did not want to step out completely as I have ground to make up but did not want to get crushed on Monday either. So, I'm riding the fence for now.

I am hoping Monday gives a a little more bounce before we go down. I think folks will be watching Europe on Tuesday, when France and Germany have some conference on the EU issues. Depending on what the end result is will either pop the market or bust it??? Just my thinking out loud.

I have finally broken above 0 on the tracker menu. Up .14%. I'd like to add a little more before I move into G for the rest of the month.

Funny how that tracker menu goes??? I was in the 500's sitting on the fence in July. Now I am in the 200's, mostly sitting on the fence. One day in the S fund this month. Monday is my second day, 50% in. And it may be my last??????

I use "Sector Surfer" from Sumgrowth, found link as an advertisement on this board. Uses some kind of algorithm for rating the best funds and the status of the markets. They have a stormguard watch. Rates the markets from -4 to a +4. It was in the 2-3 range in January. This morning the stormguard is .9. It has been dropping fast. Turbulence and a full storm appear to be moving in fast???

 

[Kaufmanrider]

As today was another up day, I pulled 25% more out of S to lock in some gains. Tomorrow I'll be 75 G and 25 S. Third up day in row. I think 3 to 5 is the norm. Not sure if I'll pull it all out tomorrow or let it ride. I'll look the charts tonight and the markets in the morning.

 

[Kaufmanrider]

As today was another up day, I pulled 25% more out of S to lock in some gains. Tomorrow I'll be 75 G and 25 S. Third up day in row. I think 3 to 5 is the norm. Not sure if I'll pull it all out tomorrow or let it ride. I'll look the charts tonight and the markets in the morning.

Well, I didn't follow my rules and I paid for it. We had three up days and on the third day I didn't lock in my little gains, pull my last 25% S out and go 100% G. Stayed a couple days and got hit today. My attempt at some greed dropped me from up 1.5% for the month to Down a little for the month. Next month, I'll try and do better. A half-percent to a percent a month doesn't sound like much, but it adds up in 12 months?

Not to brag, but I on number 205 on the tracker. Down .31%. In this market, I'll take it and run.