MrJohnRoss' Account Talk

[Cactus]

Thanks for the chart, John. Is it using weekly data or a longer period?

 

[MrJohnRoss]

Thanks for the chart, John. Is it using weekly data or a longer period?

That's a weekly chart, Cactus.

 

[Cactus]

Thanks, John. With such a long time span I was wondering if you were using monthly data instead.

 

[Dutchy]

MrJohnRoss......It's always good to take a step back each weekend and look at the big picture. With that in mind, here's a graph of the longer term view of the S&P 500 Timing Model.


View attachment 30589

This model says the major bear market hasn't started yet. For those of you who like to buy and hold, and only miss the major bear markets, hang in there a while longer.

Thank you for the chart. It appears if S&P crosses 1878 area and continues it's decline for days, weeks, we will move into SELL mode ???

 

[Steiner]

This is probably going to be a stupid question but how do you get more than 3 years worth of data to display. When I use StockCharts the most it will allow me to display is 3 years.
Thanks....

 

[Cactus]

Thank you for the chart. It appears if S&P crosses 1878 area and continues it's decline for days, weeks, we will move into SELL mode ???

Since, the chart is using weekly data I would expect it would take us several weeks to months to get there.

This is probably going to be a stupid question but how do you get more than 3 years worth of data to display. When I use StockCharts the most it will allow me to display is 3 years.
Thanks....

I think you are limited to 3 years in freebie mode. You will have to sign up for their service to get more options.

 

[MrJohnRoss]

Thank you for the chart. It appears if S&P crosses 1878 area and continues it's decline for days, weeks, we will move into SELL mode ???

Actually, this timing model uses the 10 and 50 week EMA crossover method, with the Stoch RSI reaching 0 to prevent false sell signals.

 

[MrJohnRoss]

This is probably going to be a stupid question but how do you get more than 3 years worth of data to display. When I use StockCharts the most it will allow me to display is 3 years.
Thanks....

Are you a subscriber?

 

[MrJohnRoss]

Quant Edges says this level on the CBI (Capitulative Breadth Indicator) has reached a level of 12. A level of 11 or higher has meant the S&P has been higher 20 days from now 21 times out of 21. Pretty good odds for a short term bounce here. Choose your entry carefully.

 

[MrJohnRoss]

Anyone know who PF Chart C is? Sitting at 9.10% on the AT, and only 1 IFT for the year. Damn good year last year too.

 

[JTH]

Anyone know who PF Chart C is? Sitting at 9.10% on the AT, and only 1 IFT for the year. Damn good year last year too.

That's James tracking PnF

 

[MrJohnRoss]

That's James tracking PnF

Who's James? Maybe we should just follow him. Where's the "Easy" button on the road to riches? Heh. *Snort*.

 

[MrJohnRoss]

Plenty of opportunities here. The best ones that have shown up, IMHO, have been the PM's and miners in the last few days. JNUG, NUGT, GDXJ, AGQ are all ramping up off of extreme sold conditions.

 

[Whipsaw]

MJR will you be testing the waters?

 

[MrJohnRoss]

MJR will you be testing the waters?

I'm thinking today's downspike has all the makings of an important bottom. If I was a betting man (which I'm not) I'd be very tempted to start moving some money in.

Rather than jump back into stocks, I'll hold cash for now, and see how the system plays this out.

I've also got plenty of PM & miner exposure, so I don't want to over-expose myself in that area.

 

[weatherweenie]

I'm thinking today's downspike has all the makings of an important bottom. If I was a betting man (which I'm not) I'd be very tempted to start moving some money in.

Rather than jump back into stocks, I'll hold cash for now, and see how the system plays this out.

I've also got plenty of PM & miner exposure, so I don't want to over-expose myself in that area.

Futures just dropped after the jobs to. It looks like an ugly open.

 

[MrJohnRoss]

Futures just dropped after the jobs to. It looks like an ugly open.

After the ugly open, I'm noticing a lot of stocks that are showing fresh buy signals. Could this be the beginning of a rebound? Or is this a head-fake rally on the way back down? Short term traders might make some money here.

Anyone buying JNUG in the $11 area? How about NUGT at $23? Going once... going twice... ...

 

[tsptalk]

I bought NUGT the other day (Oct 9) for 22.27 and have been itching to get out since - Must be a bullish sign . I hate holding onto this sucker for very long but it has just been hanging around the $22 to $23 since. I need to see it make a move soon or I'm afraid the gold bears will push it down again. A move up will surely trigger a nice short covering rally.

 

[MrJohnRoss]

I bought NUGT the other day (Oct 9) for 22.27 and have been itching to get out since - Must be a bullish sign . I hate holding onto this sucker for very long but it has just been hanging around the $22 to $23 since. I need to see it make a move soon or I'm afraid the gold bears will push it down again. A move up will surely trigger a nice short covering rally.

You're in a good position right now to make a sizeable gain, IMHO. The gas pedal and tachometer are just now turning up from extreme oversold positions, and the "cold engine" light has been on for quite some time. Time to ramp this baby higher! Giddy-up!

 

[MrJohnRoss]

I would hate to burn one of my IFT's to go to the F Fund, but I'm seriously considering it. Anyone else thinking of doing the same?

The above quote was on 10/7.

As much as I wanted to be in the F Fund then, I would not want to be in it now. Yesterday would have been the ideal day to sell the F Fund.