MrJohnRoss' Account Talk

Sort by newest Sort by date
Spent the weekend developing a buy list for March. I've got about 25 stocks that need to be whittled down to about 3 or 4 this week. Would love to have all 25, but unlike BT, I'm not a 1 percenter.
 
MrJohnRoss said:
Spent the weekend developing a buy list for March. I've got about 25 stocks that need to be whittled down to about 3 or 4 this week. Would love to have all 25, but unlike BT, I'm not a 1 percenter.
Click to expand...

Ditto, I spent much of today using the TC2000 engine to scan US Stocks. Based on the filters I used, everything I looked at needed to pullback, nothing screamed "buy me." :(
 
JTH said:
Ditto, I spent much of today using the TC2000 engine to scan US Stocks. Based on the filters I used, everything I looked at needed to pullback, nothing screamed "buy me." :(
Click to expand...

Maybe it screamed "bite me!". :D

Haha, jk.

Here's a few on my list...

KIRK
NTES
OXBT
CLF
JAZZ
UNXL
WLT
ANFI
CONN
...
 
MrJohnRoss said:
Maybe it screamed "bite me!". :D

Haha, jk.

Here's a few on my list...
Click to expand...

Looked at those real quick, it looks like your looking at some bottom feeders :)

I'm not much interested in what this current market has to offer, but if we get some pullbacks I may ramp up my interest.

Here's my short list (it's a work in progress)

View attachment 27400
 
Pulled the trigger on two stocks:

KIRK @ $17.77
AMBS @ $0.096

The market had a nice sell-off this morning, but as expected, it made a pretty good come back by the afternoon. This may be enough of a catalyst to trigger stocks to pull back for a week or two, but I'm not expecting any panic selling. There's also a pretty good chance that we get a quick one or two day pull-back, and then we go right back up. Putin doesn't really want to go to war, but he's gotta act tough for a while.

Very close calls on the system today, but with the market recovering mid-day, we remain holding DUST and URTY. If the markets are down big tomorrow, we could see a switch early. However, this looks like a possible head fake rally for NUGT and SRTY.

*Note: The next system switch for the URTY/SRTY system will utilize TNA/TZA because of their liquidity and trading volume. Most investors seem to be more familiar with them as well.

As a precaution, I sold off my BIB, CURE and TQQQ. My returns on those three funds were +13.8%, +12.0%, and +14.1% respectively, so I'm happy to have raked up a tidy little pile of cash on those three.

S Fund is close to a sell, but not quite. Let's see what tomorrow brings!

Good luck to us!
 
JTH said:
Looked at those real quick, it looks like your looking at some bottom feeders :)

I'm not much interested in what this current market has to offer, but if we get some pullbacks I may ramp up my interest.

Here's my short list (it's a work in progress)

View attachment 27400
Click to expand...

Dang, that's a nice list ya got there. I'm lickin' my chops... I think I'll put ZGNX on my short list. That 50 day has been a good support line since Sep 2013. Looks like we may get a bounce soon. Gonna unlock the safety and put it in my sights...

As I was explaining to one of my co-workers, I'm a 99% technical and 1% fundamentals based trader. I have no idea what ZGNX does, and quite frankly, I could care less. The charts tell me everything I need to know.


ZGNX.png
 
MrJohnRoss said:
Dang, that's a nice list ya got there. I'm lickin' my chops... I think I'll put ZGNX on my short list. That 50 day has been a good support line since Sep 2013. Looks like we may get a bounce soon. Gonna unlock the safety and put it in my sights...

As I was explaining to one of my co-workers, I'm a 99% technical and 1% fundamentals based trader. I have no idea what ZGNX does, and quite frankly, I could care less. The charts tell me everything I need to know.


View attachment 27425
Click to expand...

Too funny, I feel the same way about fundamentals, truth is that price is more important than anything else. I found it interesting you mentioned ZGNX, it was the most appealing to me, it looks ripe for the picking. I'll wait to see what the reaction is off the trendline/bollinger bands,

View attachment 27426
 
MrJohnRoss said:
Are the markets going to go off a cliff on Monday? I predict... no. Here's the reasons why I believe we'll be higher by this time next week:

1. VIX - If the markets were going to go off a cliff, the VIX would be moving much higher. Instead, the VIX ended the day at 14.00, DOWN -0.28%. That tells me that big money has no fear of loss.
2. UUP - A financial crisis that could rock the markets usually means a flight to safety, and the dollar would skyrocket. Instead the dollar index (UUP) gapped down on the day. No financial crisis for the dollar.
3. $TNX - A financial scare would, again, send a huge tide of money away from stocks, and into bonds, which would in turn cause interest rates to plummet. Instead, the 10-year treasury held firm, and the yield was up fractionally on the day at 2.658%.
4. $NYAD, $NAAD - The advance/decline line for both the NYSE and the Nasdaq are both moving higher. In fact, the NYAD is at an all time high. Nope, no worries here.
5. INDU, SPX, COMPQ, TRAN, etc. would have all ended the day with a strong down move. Yes, we had a bit of a mid to late-day sell off, but the 30 minute charts show a strong recovery in the final half hour. Big money stepped in after we reached short term over-sold levels. If there was financial panic, the big money would have been a tidal wave out the door first.

No, I'm not a perma-bull. The markets will eventually go down. I just don't think now is the time. Of course, all of this is based on simple logic, and we all know that the world is not always a logical place. The markets can be a baffling puzzle at times, and there may be events that no one can see coming. I'm just going to play the odds here and say that we're most likely going to grind higher for a bit longer. We'll find out if my logical prognostication comes true next week.

Good luck to us!
Click to expand...

The market is telling us eveything we need to know. So far, so good. S Fund is killing it.
 
Wonder if the top 50 in the autotracker are going to jump out of F and into S.

They missed a helluva nice run up today. Beep beep, mmm beep beep, yeah! ~ The Beatles
 
In case anyone was wondering, there were no changes to any of the systems today.

DUST was up +2.3%.
URTY was up an incredible +7.48%.
S Fund ($EMW) was up +1.99%.

Trannies had a nice day, and the Dow looks like it's only a few days away from a new high.

Now the only question is... when does the pullback begin? Stay on your toes, ladies and gents. Enjoy the ride, because it won't last forever. The market is a rollercoaster, and it doesn't go up forever.

Good luck to us!
 
MrJohnRoss said:
No doubt, the markets love to throw curve balls. Eventually, you bring your batting average up, but it takes time and experience to hit the sweet spot consistently.
Click to expand...

and a little bit of luck always helps, sometimes better to be lucky than good :)
 
MrJohnRoss said:
In case anyone was wondering, there were no changes to any of the systems today.

DUST was up +2.3%.
URTY was up an incredible +7.48%.
S Fund ($EMW) was up +1.99%.

Trannies had a nice day, and the Dow looks like it's only a few days away from a new high.

Now the only question is... when does the pullback begin? Stay on your toes, ladies and gents. Enjoy the ride, because it won't last forever. The market is a rollercoaster, and it doesn't go up forever.

Good luck to us!
Click to expand...

I thought the Ukraine would be the catalyst to begin the pullback. Apparently not! I guess we'll have to see how the economic data pans out for this week.
 
JTH said:
Looking for a different perspective, I'm curious what you thought of this setup?

View attachment 27441
Click to expand...

Hmmm, my guess is it's short term overbought, and likely to go down initially tomorrow, but longer term it looks like it may go higher. Double bottom is in place. That sure is a big white candle today, and volume looks pretty good. Didja get in, or are you looking to get in?
 
MrJohnRoss said:
Hmmm, my guess is it's short term overbought, and likely to go down initially tomorrow, but longer term it looks like it may go higher. Double bottom is in place. That sure is a big white candle today, and volume looks pretty good. Didja get in, or are you looking to get in?
Click to expand...

No, I didn't jump in, it came up on my Gap-up scan list, it closed right @ 1.61 which was the area of a major bottom back in September. I often see this pattern just before a bullish breakout, I call it the Alligator but this one is upside down (meaning it should be bearish) but It's rare when I see an upside down Alligator breakout to the upside as this one has. This one has serious compression.

View attachment 27444
 
JTH said:
No, I didn't jump in, it came up on my Gap-up scan list, it closed right @ 1.61 which was the area of a major bottom back in September. I often see this pattern just before a bullish breakout, I call it the Alligator but this one is upside down (meaning it should be bearish) but It's rare when I see an upside down Alligator breakout to the upside as this one has. This one has serious compression.

View attachment 27444
Click to expand...

I learn something new every day... :D
 
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
92
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Where's the positive holiday bias?
Replies
0
Views
137
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
102
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - China and Consumer Confidence push and pull the market
Replies
0
Views
2K
tsptalk
tsptalk
Back
Top