Mayday's Account Talk

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There is a reason we have an ammo shortage - demand has been prolific. And guess who is armed? Middle America.
 
Birchtree said:
There is a reason we have an ammo shortage - demand has been prolific. And guess who is armed? Middle America.
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Scarry

No wonder the Dem's want to take your right to bear arms away. Just like what Hitler did to Germany before his plan for a new race.
 
Could be a break-out. Could be a fake-out. I'm in safety mode. These limited trades make it hard to trade. We will see what the day may bring. Still holding F, retirement keeps me very cautious. If there is a break-out I'll head to G since F will tank. If it's a fake-out I'll stay in F. No more trades but in G this month. Good luck everyone.:)
 
We could easily see a parabolic move to Dow 10500 during the next 8 trading days to close out terrible October with a bang.
 
Birchtree said:
We could easily see a parabolic move to Dow 10500 during the next 8 trading days to close out terrible October with a bang.
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I've been hearing and reading about just that. It could be. Seems like S&P 1100 would be the break-out point kind of fluctuating around that area.
 
mayday said:
Could be a break-out. Could be a fake-out. I'm in safety mode. These limited trades make it hard to trade. We will see what the day may bring. Still holding F, retirement keeps me very cautious. If there is a break-out I'll head to G since F will tank. If it's a fake-out I'll stay in F. No more trades but in G this month. Good luck everyone.:)
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Just looking at prices, I happen to believe bonds (in general) have peaked, and are trading sideways while looking for guidence from the market. Back in mid July we tested the 20 MA and traded sideways for almost a month. This latest test of the 20 MA has stronger weakness. Out of the last 9 trading days including today, 7 of those days tested or closed below the 20 MA. I'm also concerned about the Daily slow stochastics. They are embedded and have not been this embedded (length of time) since Jun 2008. For myself, I wouldn't be buying F, but if I already had it I wouldn't sell it either. I'm putting it on a hold untill we put in a definitive direction. Bonds are such a strange creature and everything I've learned about charts & stocks doesn't always match up well with bonds... :cool:

View attachment 7028
 
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JTH said:
Just looking at prices, I happen to believe bonds (in general) have peaked, and are trading sideways while looking for guidence from the market. Back in mid July we tested the 20 MA and traded sideways for almost a month. This latest test of the 20 MA has stronger weakness. Out of the last 9 trading days including today, 7 of those days tested or closed below the 20 MA. I'm also concerned about the Daily slow stochastics. They are embedded and have not been this embedded (length of time) since Jun 2008. For myself, I wouldn't be buying F, but if I already had it I wouldn't sell it either. I'm putting it on a hold untill we put in a definitive direction. Bonds are such a strange creature and everything I've learned about charts & stocks doesn't always match up well with bonds... :cool:

View attachment 7028
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Thanx JT: You convinced me into holding onto F. Can't trade till the end of the month anyway.:)
 
Bonds are now a crowded trade with great bond mutual fund inflows over equity mutual funds. Trim Tabs says net inflows into stock mutual funds have slowed to a trickle, occasionally turning into outflows. Cash balances in equity mutual funds are already near record lows and that is just the way I like it. Bull markets do not like company, the market will do everything it can to make the majority gun shy to include buying no fear bonds, and keep the bears from recognizing the prevailing trend. This is a classic investing mistake by the still scared individual investor - but it's what creates a wall of worry and a continuing bull market. No bonds for me.
 
We're living on borrowed time and borrowed money. The dollar is crashing. Our economy is in for one hell of a ride.
 
Hopefully we will bounce off 1050 S&P and stay in the uptrend channel. Keep those printing presses at the treasury on double shifts. Invest in green ink and rag paper. No joke:(
 
This market is artificially inflated caused by government stimulus packages. Look at the dollar against the other currencies.

You can't borrow your way out of debt.
 
Good morniging everyone. I just sat down at the puter and the market fell off the cliff. What happened?
 
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