Mayday's Account Talk

[mayday]

Markets - Market Indices - Tradingroom.com.au

All Ords is Up

 

[mayday]

Europe seems to be doing well. Dow fut as well as S&P fut down.

 

[mayday]

Incredible Charts: Stock Trading Diary: Forex Update

Forex Updates

 

[mayday]

INO.com Markets - Chart for US DOLLAR INDEX (NYBOTX)

Dollar has been riding that 50 DMA.

 

[mayday]

Just waiting for another entry point.

 

[burrocrat]

Mayday mayday mayday!

Nice +7 on the month. We're expecting a mugshot now you know.

 

[mayday]

Mayday mayday mayday!

Nice +7 on the month. We're expecting a mugshot now you know.

But of course.

 

[MrJohnRoss]

Congratulations on the incredible monthly performance. Very impressive!

 

[mayday]

Congratulations on the incredible monthly performance. Very impressive!

Thank you very much MrJohnRoss. I hope I can continue to keep the ball rolling.

 

[mayday]

$EMW - SharpCharts Workbench - StockCharts.com

S-fund is going to pick-up by tomorrow. Keep an eye on the dollar.

 

[mayday]

INO.com Markets - Chart for U.S $ INDEX (NYBOTX)

Forget what I said about the S-fund the dollar is going to keep on rising.

 

[mayday]

I'm not moving from my G-spot.

 

[mayday]

Something I've been noticing for a few days.

Although not "exactly"...the long term chart on the S&P has been forming what can only be described as a drawn out "Bear Flag".
I asked Tom about it a few days ago but he disagreed...however if you look at the chart over a longer stretch...its nearly classic...with the length of the "flagpole" about 130 pts, taking the SP500 back down to near 1255-1260.

Conversely, on the other side, the F fund shows a short term "Bull Flag"...gunning for more highs.

Based on this, FED and ECB standing pat, August historically being a bad stock month...and on being out of stocks starting the month thus having only 1 move into equities, I used a 1st move to reposition at 50 F and 50 G. Was a little leery of going in all F, because its near its recent long term high...but my Rasta financial adviser keeps telling me:
"higher highs comin with puffin da F" :cheesy:

View attachment 19807

I would love to be in the F-fund now but with only 2 IFT's and a whole month ahead of us I've got to wait.

 

[ILoveTDs]

Mayday,

High five, we're exactly tied. Considering you had the 7%+ month last month, your the one that is hot right now, so I expect a 10 minute warning out of you when you jump out of the F Fund .

 

[mayday]

Mayday,

High five, we're exactly tied. Considering you had the 7%+ month last month, your the one that is hot right now, so I expect a 10 minute warning out of you when you jump out of the F Fund .

I'm in the G-fund now. Have missed this uptrend. Just waiting for the pull-back.

I have an appointment in Bethesda MD. Monday so I will be leaving tomorrow. I won't be back till Wednesday.

I always try to post my move before the deadline to let everyone know how I'm trading.

 

[mayday]

We're starting to look "toppy" on the major indices.
What goes up must always (even temporarily) come down.

I think a good, brief drop is a comin...just have to make sure I have the cajones to jump in when things appear bleakest.

Always keep price in mind when entering. Buy low sell high.

 

[burrocrat]

mayday mayday mayday, happy birthday.

 

[nnuut]

MAYDAY

Where are you?​