MrJohnRoss' Account Talk

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MJR
thanks for your comments. when i grow up (retiring in May 2014) i want to be just like the folks on this MB and trade stocks more aggresively. i have made money just holding stocks since buying and not cashing in but i know theres more to be made trading. also more to be lost trading, theres 2 sides to a coin. but i'm learning a lot here and appreciate all the comments from everyone.
thanks
john
 
GUCHI said:
MJR
thanks for your comments. when i grow up (retiring in May 2014) i want to be just like the folks on this MB and trade stocks more aggresively. i have made money just holding stocks since buying and not cashing in but i know theres more to be made trading. also more to be lost trading, theres 2 sides to a coin. but i'm learning a lot here and appreciate all the comments from everyone.
thanks
john
Click to expand...

Thanks John. By the way, don't grow up, it's a trap. Better to stay a kid forever. :laugh:
 
Another unbelievably strong day for the markets.

System holds NUGT, up +11.69% today. After back to back gaps higher, I'd be surprised if we didn't see a pullback tomorrow. Seems like it's just gone too far too fast. RSI just reached the 70 level. I looked back on the charts, and this is the first time NUGT has reached the 70 RSI level since Sept of 2012. If I had money in this trade, I'd be very tempted to sell after the incredible gains the market just handed us.

GLD, SLV and the miners all continue to move nicely to the upside. GDXJ had a banner day, up +4.68% today.

System holds URTY, up a nice +2.43% today. My TQQQ holding was up +3.42%. Again, I would not be surprised to see the markets take a little breather tomorrow, but the trend is still up, up, and away.

S Fund lagged C and I, but still had a respectable gain of +0.93%. Interesting to see the top 50 on the Autotracker almost all in the S Fund. This is the first time I've seen my position in the black for the year, up a paltry +0.99% YTD. Guess that's better than the S Fund buy and holders, with a YTD loss of -1.09%. But this is a marathon, not a sprint to the finish, right?
 
Extremely busy at work these days, so just now getting a chance to post. Not surprised to see a little pullback in the markets today. In fact, I would have been surprised to see the markets make a higher close, so it made sense to see a flat to down day.

System results:

NUGT is still a hold, but like I said yesterday, I would have wanted to sell at the close yesterday. NUGT down -8.78%. I sold my GDXJ at 41.03 this morning for a gain of +15.9% in a little over three weeks. Not bad. Can't wait for it to pull back, hopefully much further, so I can climb back on board for the next wave up.

URTY is still a hold, up a nice +1.24% today. Looks like small caps finally outperformed large caps. Very unusual to see the S Fund and I Fund have identical daily returns today, +0.44%. C Fund only up +0.02%. Staying long S.

Meanwhile, I picked up some beaten down shares of SGMS and PFG today. Hopefully they're turning the corner and are ready for a move higher.

Reminder: Don't forget to get your valentine a gift and card soon before all the bozo's are crowding the aisles at the last minute. :blink:
 
Wow, another incredible day to be riding the bull today.

System results:

System stays long NUGT, up a ridiculous +11.31% today. Even GDXJ, which I sold yesterday, was up +6.25%. Absolutely insane to see what's going on with the metals and miners. AGQ up +3.30%.

System stays long URTY, up another +4.06%, with a huge white candle. It's just another sign of a VERY strong market right now. TQQQ was also up a very nice +2.57%.

S Fund up +1.06, C Fund up +0.59%, and I Fund down -0.04%. Staying long S. The market technicals still look fine, no overbought signs yet. RSI on the S&P is still tame at 58. I think we still have room to run for a little while longer.

Good luck to us!
 
Re: SILVER!

Bought some VISN (Vision China Media) this morning at 26.99. High risk, high reward. Not a perfect entry, but it sure looks (to me) like the indicators show a higher price ahead for this stock, at least for the short term. Put in a buy order this morning at 25.50, but it took off on me. Had to chase it a bit, but glad I caught it before it really took off.

I could have bought something safe, like UPS, which looks like it will also go higher. It was also on my short list of about 20 stocks, but future gains did not look nearly as promising as VISN. (Lower risk, lower reward). I guess that tells you a little bit about my risk tolerance. :nuts:


VISN.png
 
Don't want to sound like a broken record, but this rocketing market is absolutely incredible! This won't last forever folks, so hope you're enjoying the ride. I sure am.

System results:

No surprise, system continues to hold NUGT, up another +5.58%. With an entry at 38.21, this cycle is up +31.6% just this last week. GDXJ was up another +3.62% today, much to my amazement. Sure wish I hadn't sold, but I'll catch the next wave. AGQ up +9.26%. Awesome!

System also continues to hold URTY, up only +0.23% today. After yesterday's huge run-up, not surprised to see a bit of a cool down today.

Happy Valentine's day!
 
There will be no way to hold mom and pop back once they get rolling - the only saving grace is that it will take several years for them to drain their bond accounts.
 
The Friday before President's day has typically been a very poor performer, according to Quantifiable Edges. For the past 22 yrs, the market's only been up 22.7% of the time on President's day. This year was a rather notable exception, with the SPX up 0.48%. Keep that morphine drip coming, Janet. You're lining our pockets.
 
Birchtree said:
There will be no way to hold mom and pop back once they get rolling - the only saving grace is that it will take several years for them to drain their bond accounts.
Click to expand...

<rant> Poor mom and pop. Always buying in at the top and selling out at the bottom. It's no wonder they hate "investing". They just don't take the time to learn how to trade or invest properly, IMHO. Too busy watching Hunny Boo-Boo, or whatever I guess. I'd much rather study charts all evening, planning my next trade, instead of watching the idiot box. Call me a nerd, I guess, which is fine by me. <end rant>
 
Gold Timing System

Here's a simple, long term timing system that might be worth a look. (Note: I can't take credit for this system, I saw it somewhere, but don't remember where). It's the monthly candle chart of gold going all the way back to 1994.

The system is this: Buy gold when prices cross above the 9 month SMA, and sell gold when it crosses below it. The system will give you a much better return than if you "buy and hold" gold, although I don't have the statistics at my fingertips. You can see that this system would have gotten you out of gold in January of 2013, just as last year's major bear mauled both gold and silver.

Note that we just got a "Buy" signal this month. Of course, one candle does not guarantee perfect timing, but it sure looks like a double bottom has taken place, and the current tall white candle is very convincing. Perhaps the gold bull is waking up? I'll let you decide.


GOLD Monthly.png
 
Re: Gold Timing System

So when buying gold/silver, do you normally use ETFs to do so? I'm assuming you can't buy through the ticker of gold's spot price. Also, as gold goes up, I'm assuming gold mining companies stock will normally follow suit...?
 
Re: Gold Timing System

MaStA said:
So when buying gold/silver, do you normally use ETFs to do so? I'm assuming you can't buy through the ticker of gold's spot price. Also, as gold goes up, I'm assuming gold mining companies stock will normally follow suit...?
Click to expand...

You can buy physical gold or silver, but I prefer to use ETF's. Some may argue that unless you actually hold the metal, you may get screwed if the ETF fails to hold enough metal in reserves to satisfy all the sellers should it come to a panic selling situation. I figure that's probably a very unlikely scenario, but it's something to keep in mind. The metals and miners typically follow each other in bull and bear markets, but as you know, there's still a lot of volatility in the bigger trends both up and down.
 
SPX Weekly Technical Analysis

The powerful two weeks rally (Hammer + huge Hallow candlesticks) has aborted a larger corrective pattern.
Bulls have reclaimed both the 20 and 10 week moving averages, going forward as long as the 10 wma, which stands at 1816, holds odds favor that on February 5 price has established a swing low and a new upward trend is underway, resembling the ignition of the advance off the October lows, although this vertical move has stretched short-term technical indicators hence I would not rule out a brief pause....
 
Hmmm... just checked the autotracker, and almost everyone in the top 50 has jumped over to the F bandwagon. Do they know something I don't? Quite possibly, but I'm very happy to be sitting in the S Fund, thank you very much.

System results:

NUGT registered another gain of +1.27% today. Staying long, but RSI is bumping up against 70, so caution is advised. We could go above 70 for days, and prices continue to advance, but eventually it will get pulled back down. For now, the system stays long.

Metals really shined today, especially silver. AGQ was up +4.70, and USLV was up +7.05%. It's gone ballistic.

URTY had a nice gain of +3.18%. RSI is only 59, so we may have a way to go before topping out.

I Fund was the winner today, up 1.30%, with S Fund not far behind at +0.92%. C Fund eeked out a gain of 0.13%.

I gotta be honest, I'm lovin' this market right now.
 
More risk the better return on investment or the bigger the loss S fund did great last year. I’ll stick with the CSI for know and stay away from bonds more ups and downs. But long term better returns over all.

MrJohnRoss said:
Hmmm... just checked the autotracker, and almost everyone in the top 50 has jumped over to the F bandwagon. Do they know something I don't? Quite possibly, but I'm very happy to be sitting in the S Fund, thank you very much.

System results:

NUGT registered another gain of +1.27% today. Staying long, but RSI is bumping up against 70, so caution is advised. We could go above 70 for days, and prices continue to advance, but eventually it will get pulled back down. For now, the system stays long.

Metals really shined today, especially silver. AGQ was up +4.70, and USLV was up +7.05%. It's gone ballistic.

URTY had a nice gain of +3.18%. RSI is only 59, so we may have a way to go before topping out.

I Fund was the winner today, up 1.30%, with S Fund not far behind at +0.92%. C Fund eeked out a gain of 0.13%.

I gotta be honest, I'm lovin' this market right now.
Click to expand...
 
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