MrJohnRoss' Account Talk

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Decided to use my 2nd IFT for August, and move to a 50/50 allocation of S/I. Hoping to see the markets rebound a little bit here. Just not sure how long the rebound will last.
 
MrJohnRoss said:
Decided to use my 2nd IFT for August, and move to a 50/50 allocation of S/I. Hoping to see the markets rebound a little bit here. Just not sure how long the rebound will last.
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Hopefully we'll be making money togther this time, instead of you making it all by yourself.:)
 
The technicals said "sell", so...

Sold my SRTY @ $16.19 for a loss of -2.4%.

Sold my FAZ @ $30.44 for a loss of -2.7%.

The good news is AGQ and NUGT are up nicely today. +8% to 9% each.

"Sell your losers quickly, let your winners ride".
 
I'll be looking at adjusting my "smoothing factor" to the NUGT/DUST timing system when I find some time. I already have some ideas I can't wait to try. :nuts:
 
MrJohnRoss said:
Decided to use my 2nd IFT for August, and move to a 50/50 allocation of S/I. Hoping to see the markets rebound a little bit here. Just not sure how long the rebound will last.
Click to expand...

Yes hoping it does bounce. Our minds must be thinking alike..I entered market as well on 8/24. Conservative with 20S/20C. It may go down more but hoping it is near the bottom and goes up for a time into September. I'll think about getting out a week or few days before Bernanke's talk on 9/18... then again if market drops i will stay in to recover as it still looks like the bull continues o what goes down will likely go back up. in June the market was going high right up to day before he spoke... Not sure this time... It's all about sentiment. Good luck to you!
 
DreamboatAnnie said:
Yes hoping it does bounce. Our minds must be thinking alike..I entered market as well on 8/24. Conservative with 20S/20C. It may go down more but hoping it is near the bottom and goes up for a time into September. I'll think about getting out a week or few days before Bernanke's talk on 9/18... then again if market drops i will stay in to recover as it still looks like the bull continues o what goes down will likely go back up. in June the market was going high right up to day before he spoke... Not sure this time... It's all about sentiment. Good luck to you!
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Thanks Dreamboat. I only look at the technicals, even though I keep the fundamental information in the back of my mind. The market will tell you which way it wants to move, and it usually shows up in the oscillators and moving averages. IMHO, the FOMC action will be priced into the market long before we get there, unless there is a surprise move by the Fed.
 
Ouch! That was a rough way to end the trading session. That last hour was like the rug getting pulled out from underneath you! :blink:

Not a good sign.
 
So what I don't understand about the current drop in the markets, is that it was common knowledge for DAYS that the U.S. was possibly going to fire cruise missiles into Syria. But the moment Kerry speaks, it's suddenly a surprise? I don't get it.

Of course, the market was just beginning to show some strength last week, so I thougth I could jump in and make a few percentage points on a counter-trend rally. Although no one can predict "black swan" events, (like I said, this shouldn't have been a surprise to the markets), it appears that the 50 DMA has been broken decisevly on the S&P today. The temptation was to sell and go to cash this morning, but I'm going to give it one more day to see if we get a rebound tomorrow. I don't like to sell on such a strong down day.
 
MrJohnRoss said:
So what I don't understand about the current drop in the markets, is that it was common knowledge for DAYS that the U.S. was possibly going to fire cruise missiles into Syria. But the moment Kerry speaks, it's suddenly a surprise? I don't get it.

Of course, the market was just beginning to show some strength last week, so I thougth I could jump in and make a few percentage points on a counter-trend rally. Although no one can predict "black swan" events, (like I said, this shouldn't have been a surprise to the markets), it appears that the 50 DMA has been broken decisevly on the S&P today. The temptation was to sell and go to cash this morning, but I'm going to give it one more day to see if we get a rebound tomorrow. I don't like to sell on such a strong down day.
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There has to be an "excuse" for these things. It's part of the smoke and mirrors. :notrust:
 
coolhand said:
There has to be an "excuse" for these things. It's part of the smoke and mirrors. :notrust:
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I hear ya, Coolhand. After some consideration, I will likely go to cash early tomorrow. I'll be on vacation (travel) for a good week, and won't be able to make timely investment decisions while I'm away. With the markets on shaky ground, I think it's going to be the proper thing to do at this time.
 
MrJohnRoss said:
The temptation was to sell and go to cash this morning, but I'm going to give it one more day to see if we get a rebound tomorrow. I don't like to sell on such a strong down day.
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I hear you there. That's how my yearly gain was cut over half last trade. :sick:
 
What the HECK happened to NUGT today ?? Down 13% ... I would have thought gold and miners would have been bought today. Will it rebound tomorrow ??
 
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Dutchy said:
What the HECK happened to NUGT today ?? Down 13% ... I would have thought gold and miners would have been bought today. Will it rebound tomorrow ??
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Gold and Silver both up today, but miners were down. Doesn't make sense to me either. My guess is miners will rebound after such a huge fall, but it's just a guess.
 
MrJohnRoss said:
Gold and Silver both up today, but miners were down. Doesn't make sense to me either. My guess is miners will rebound after such a huge fall, but it's just a guess.
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It was the consumer confidence numbers this A.M. that drove $NUGT down and $DUST up. Gold trade was up for the short term b/c of Syria (excuse), however; the long bet is it will come down as the eco improves. Bad day for the "S", "C", and "I" but I'm not coming out of the S no matter what b/c of the long term eco improvement. $DUST long term is the winning bet as people feel more confident as well. Just my 2 cents.
 
GrandeBabbo said:
It was the consumer confidence numbers this A.M. that drove $NUGT down and $DUST up. Gold trade was up for the short term b/c of Syria (excuse), however; the long bet is it will come down as the eco improves. Bad day for the "S", "C", and "I" but I'm not coming out of the S no matter what b/c of the long term eco improvement. $DUST long term is the winning bet as people feel more confident as well. Just my 2 cents.
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Interesting post Grande Babbo. I just don't know how the economy is going to improve. 1 in 7 Americans on food stamps, a Trillion $ in student loan debt, Trillion$ of U.S. national debt, no jobs, fake gub'ment statistics, etc.

I see no way out. Mankind has no good answers IMHO.
 
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