MrJohnRoss' Account Talk

[MrJohnRoss]

Metals and miners are going gangbusters with the market this morning.

System switches to NUGT.

Stay long URTY.

 

[oleg850]

I wouldn't be surprised if we retest the multi-year breakout trend lines on the major indices next year (155 on SPY, 86 on IWM), but anything beyond that should be considered a gift by the bears. I do think that 2014 will be a very good trading year, unlike the boring float up we have had this year. I think miners/metals will shine as well..

 

[MrJohnRoss]

Anyone here think the S&P can continue up this rate of ascent forever? Blow off top? Or the new normal?

 

[MrJohnRoss]

I wouldn't be surprised if we retest the multi-year breakout trend lines on the major indices next year (155 on SPY, 86 on IWM), but anything beyond that should be considered a gift by the bears. I do think that 2014 will be a very good trading year, unlike the boring float up we have had this year. I think miners/metals will shine as well..

Agreed. Wouldn't be surprised to see volatility return. Possibly in a big way.

 

[Cactus]

Like the old saying goes: but it's different this time...

 

[Bquat]

Anyone here think the S&P can continue up this rate of ascent forever? Blow off top? Or the new normal?

By pattern repeat, I think we're almost done with this last run.

 

[coolhand]

Anyone here think the S&P can continue up this rate of ascent forever? Blow off top? Or the new normal?


View attachment 26424

I think it really comes down to Fed policy in terms of what they are trying to avoid. Inflation for one. And they also are trying to keep our economy from rolling over. They have other reasons too, including political ones. I don't believe we are in a "bubble" yet. And it could be some time before we end up with one. It's a grand experiment to be sure. I do expect a correction eventually, but it isn't easy to say when since the market moves in tandem with liquidity.

 

[MrJohnRoss]

Anyone else find it incredible that the S Fund is sitting at a 37.6% return for the year? Must be a record.

 

[CrabClaw]

Anyone else find it incredible that the S Fund is sitting at a 37.6% return for the year? Must be a record.

ya... kind of scary too

 

[Birchtree]

Around 90% of my oceanic account is in small caps so you know how good that feels. It's enough to make me giddy but I know better than to let that happen.

 

[Cactus]

Anyone else find it incredible that the S Fund is sitting at a 37.6% return for the year? Must be a record.

Not quite a record. The S Fund finished @ 42.92% in 2003.

 

[MrJohnRoss]

Around 90% of my oceanic account is in small caps so you know how good that feels. It's enough to make me giddy but I know better than to let that happen.

That's a surprisingly high number.

 

[MrJohnRoss]

Not quite a record. The S Fund finished @ 42.92% in 2003.

Well, we do have a few more days to beat that record. :nuts:

 

[jkenjohnson]

Well, we do have a few more days to beat that record. :nuts:

Might as well shoot for the moon.

 

[MrJohnRoss]

Why is it that most of the stocks I want to buy (and are doing extremely well) are Chinese companies? A sign of the times?

 

[MrJohnRoss]

EFA (I Fund) doing extremely well today. That, in combination with a lower dollar, should give I Fund holders a nice boost.

 

[MrJohnRoss]

Lots of choppy action with NUGT/DUST. Technically, the system switches back to DUST, however, I will hold NUGT to see what tomorrow brings. Still think we're at or near a bottom with the metals market, so the upside should have much more potential than the downside risk.

URTY/SRYT is very near a switch to the downside, but still hanging on. The Santa rally seems to have petered out. Pffffftt.

 

[JTH]

Lots of choppy action with NUGT/DUST. Technically, the system switches back to DUST, however, I will hold NUGT to see what tomorrow brings. Still think we're at or near a bottom with the metals market, so the upside should have much more potential than the downside risk.

Looks like the BB bands are getting tight on this Daily 3-month chart.

View attachment 26475

 

[MrJohnRoss]

Looks like the BB bands are getting tight on this Daily 3-month chart.

View attachment 26475

Gettin' ready for a catalyst...

 

[MrJohnRoss]

Quantifiable Edges: VXO is suggesting an immediate pullback