Mapper's Account Talk

I think Birinyi has it correct: This market could rally like it's 1995. Stocks surged 34% in 1995 - that would take the Dow to 17,400 by the end of the year. No volume - not to worry - it's all about pricing.
 
Trains are rallying because coal stocks are on the move. There is an article on my thread about the darkest star in commodities which explains the situation.
 
Yes, profit taking by high frequency traders definitely a component. I pulled some risk off the table yesterday and redeployed the profits in another manner today. Oil down may be playing a role in transports, time worked off some of the over extension. Honestly trying to understand why involves too many variables for me to consider.

I know there is strong upward momentum...dips continue to be bought...same story all year. Now we've got a couple of important psychological levels in the rear view. As Birch likes to say, there is more risk being out than in. At this time I agree.
 
Trains are rallying because coal stocks are on the move. There is an article on my thread about the darkest star in commodities which explains the situation.

Indeed, I've been contemplating that ACI play ever since you posted it. Looks like I missed a BIG move.
 
The I fund is moving in a parabolic manner requiring an alpine rope to get to the summit - and it's still early yet. Reinforcements should be arriving soon.
 
Shanghai Composite has gone parabolic overnight...cheers to those roped in. Alpine climbing is a risky sport with great rewards, enjoy the climb but always be prepared for a swift fall.

Overseas markets are looking good. In the US a few lagging indices made better pushes yesterday toward 52 week highs. We're at nosebleed levels and those wanting to protect their money will need caution. I'm optimistic this "triple witching Friday" will be profitable.
 
Sold off a bit more of my TNA today. My target price was $65.40 but I was eating lunch when that hit :o. Saw prices falling, so I stuck w/ the program and sold at $64.95. Still holding a moderately sized long position hoping we bounce back up!
 
Looks like the bears are going to get another shot today. Should be interesting. Hopefully the downside stays limited, again, so I can redeploy at cheaper prices, again. :)
 
Seeing as the selling didn't gain any meaningful momentum I'm sticking w/ the trend. Re-entered TNA at $62.54. That gives me an extra $2.45/share gain IF we head back up!
 
Sold off my all my long ETFs (TNA) this morning at $66.01. Saw the struggle to make new high and wanted to take in some $$...in case we pause or get a little drop after yesterday, maybe catch a lower re-entry. Definitely not buying any shorts. Still heavily invested in my TSP.
 
Thanks, I feel better about my leveraged ETF plays if I don't linger too long. This is the first time I've gone back to cash in my ETF account since Feb 1. Since then my trades have made: 3.97%, 9.73%, 5.37% and 8.10%. Now I'll be looking for another entry.

Seeing as we're nearing the the end of month and I haven't used my IFTs I decided to do a little rebalancing in my TSP account. I'm now sitting 45C 45S 10I. Diversified :D in equity funds anyway. Incidentally, this is the exact allocation I use for my payday contributions.
 
ETFs
Argghhh, network is s#$% today. tried posting like 10 times! Bought TNA at $64.21. Wanted in below $64 but network wouldn't let me :mad: Still have a good chunk of cash available for further "dips".

I think the "dip" was yesterday afternoon. The small tick up at the end was a "showing of the cards". Obviously I'm bullish. Good Luck!
 
Still thinking we've got some upside and want to be ready. Made another TNA purchase at lunch for $62.41. Just taking nibbles but it keeps me comfortable w/ average price.
 
cost basis for the position is now $63.32. So with that final move I'm in a winning trade. Hopefully today was enough to show the "dip" will be shallow and we'll get some buyers onboard for follow through tomorrow.
 
Been following ACI, one of Birch's coal plays that caught my attention. I think I'll be using my recent TNA gains to add that one to my long-term buy and hold account today. Note, it's a risky play that may be a flop.
 
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