MrJohnRoss' Account Talk

Sort by newest Sort by date
jkenjohnson said:
Looks like you are still in the G? Thinking about jumping in?
Click to expand...

Yes, always thinking, but will wait for a better buying opportunity. Reminds me of my recent experience shopping for a rain jacket. I've been looking for a couple of weeks at different stores, tempted to buy several, but they were in the $100 - $150 price range, even on sale. So I waited. By chance, I saw one in Costco that had everything I wanted. The price? $29.99.

Sold.
 
MrJohnRoss said:
Yes, always thinking, but will wait for a better buying opportunity. Reminds me of my recent experience shopping for a rain jacket. I've been looking for a couple of weeks at different stores, tempted to buy several, but they were in the $100 - $150 price range, even on sale. So I waited. By chance, I saw one in Costco that had everything I wanted. The price? $29.99.

Sold.
Click to expand...

Yeah, but is it water-repellant?:cheesy:
 
Dutchy said:
[QUOTE}MrJohnRoss;431679]Sold my position of DUST this morning at $39.01, even though my system has not generated a switch. I'll happily pocket my four day 12.3% gain, just in RE: NUGT holdings ???
Paulson won't add more to gold fund, but he still likes miners - The Tell - MarketWatch

Sorry, link did not work. John Paulson still likes Miners but won't add to his holdings... He's down 30% YTD!!!
Click to expand...

Yeah, my silver holdings are down big this year, but I'm not selling. I'll just put them on the shelf and let them sit. Don't care what they do, because I know they will come back in due time. Looks like we're headed for a double bottom for GLD and SLV, but I won't be adding to my positions, either. I'm at my limit for the amount I want to speculate on PM's.
 
VJET up 10% today, but I think it's too early to get in. Just like TWTR, I'd much rather wait for a prime opportunity to get it at the right price. If I don't get it at the right price, I'll find something else that is at the right price. There's plenty of fish in the ocean.
 
NUGT/DUST system continues to hold DUST. Up another 3.3% today, if you had the nerve to stay in. I did not.

Forgot to post yesterday that the URTY/SRTY system switched back to URTY early in the day.

The market is just slowly melting up. With seasonality becoming a bigger and bigger issue with every passing day, the pressure mounts to capitulate. But trust me, you don't want me to capitulate, because that will be the top of the market if/when I do.

Doh! :blink:
 
MrJohnRoss said:
The market is just slowly melting up. With seasonality becoming a bigger and bigger issue with every passing day, the pressure mounts to capitulate. But trust me, you don't want me to capitulate, because that will be the top of the market if/when I do.

Doh! :blink:
Click to expand...
I'm stealing your thunder, sort of. I put 50% of my TSP funds in play for Monday. Let the correction begin! :D
 
Thanks for the updates. I enjoy following your thread.

I'm confused though. Maybe the two of you are being sarcastic. Are you saying go long right now ... or that a correction is near?

Sorry for being slow!
 
If I may, John is saying that the rising prices and strong action make it tempting to jump into stocks here, particularly with strong seasonality starting to kick in, but he is fighting the urge because doing so may be the sign of an "I give up" top. The "I give up" is what is meant by capitulation.

Capitulation is what happens when buy and holders finally sell during a market decline because they can't take the pain of any more losses. When they finally "give up" it's usually the sign of a bottom.

In the current situation it is the opposite. The bears, who have been on the sidelines, can't stand watching the market continue to go up without them, and they eventually give up their bearish outlook and jump in. That kind of "capitulation" is usually a sign of a top.
 
tsptalk said:
If I may, John is saying that the rising prices and strong action make it tempting to jump into stocks here, particularly with strong seasonality starting to kick in, but he is fighting the urge because doing so may be the sign of an "I give up" top. The "I give up" is what is meant by capitulation.

Capitulation is what happens when buy and holders finally sell during a market decline because they can't take the pain of any more losses. When they finally "give up" it's usually the sign of a bottom.

In the current situation it is the opposite. The bears, who have been on the sidelines, can't stand watching the market continue to go up without them, and they eventually give up their bearish outlook and jump in. That kind of "capitulation" is usually a sign of a top.
Click to expand...

Well said. Thanks Tom.
 
Bombshell: China Announces End to Stockpiling U.S. Dollars

Oh sure, the market is going gangbusters, bulls are making money, and everyone's at the park, enjoying the sunshine and blue skies.

However, don't ignore the mighty rumblings of the massive dark cloud approaching from the horizon. The lightning, thunder and rain just might ruin your nice little picnic in the park, if you're not careful...

IMHO, it's not a matter of "if", it's just a matter of "when".
 
Thanks Tom. Your explanation is what I initially thought, but I was thrown off by the statement that the URTY/SRTY system had switched to URTY. Isn't that a long position?

Regardless, I follow the logic, but it is hard to stay out when the market has a recent history of melting up. Seasonality, in fact, suggests that this may not be the time to be on the sidelines.

Heck, I'm just confused!
 
The NUGT/DUST system had a big reversal day, but will continue holding DUST.

URTY/SRTY continues to hold URTY.

A rather flat day for the markets after being up for most of the morning.
 
The NUGT/DUST system was up 7.8% today, and will continue to hold DUST.

The URTY/SRTY system was up 2.4% today, and will continue to hold URTY.

Don't know what happened in the final minutes of trading, but all of the S&P's gains went down the drain at the end.
 
Cactus said:
Yeah, not a good sign. :worried:
Click to expand...

I wouldn't read too much into it just yet. Underlying market support (liquidity) is sill very high. No evidence that it's turned as yet. But I would welcome a shot lower that I can buy with seasonality now in my favor.
 
coolhand said:
I wouldn't read too much into it just yet. Underlying market support (liquidity) is sill very high. No evidence that it's turned as yet. But I would welcome a shot lower that I can buy with seasonality now in my favor.
Click to expand...

I agree Jim. The melt-up continues. I need to get back in because of seasonality, and would love to see a mini-pullback. Of course, I'm nearly fully invested in my other accounts, so the TSP is only part of the equation. Still, I need to get Mr. TSP back to work!
 
I'll be on vacation the next few days, so you may not get signal updates until next week. Heading to Carmel Valley for a few days of R&R. Hope everyone has a blessed Thanksgiving!
 
You must log in or register to reply here.

Similar threads

tsptalk
  • Article Article
TSP Talk - A positive reversal day will be tested by tomorrow's CPI
Replies
0
Views
89
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Where's the positive holiday bias?
Replies
0
Views
136
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Back to back rallies into today's CPI inflation data
Replies
0
Views
543
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - The PPI was good, can the CPI keep cool?
Replies
0
Views
100
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - China and Consumer Confidence push and pull the market
Replies
0
Views
2K
tsptalk
tsptalk
Back
Top