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MrJohnRoss' Account Talk
- Thread starter MrJohnRoss
- Start date
MrJohnRoss
Well-known member
Still holding TZA, as this market is overbought, but confounds me by heading ever higher. Sometimes I wonder if I'm just being stubborn in my beliefs, or am I really reading the charts incorrectly. Position sizing is important here, as I'm not going to be hurt if this trade doesn't work out as planned. I'm still heavily invested in stocks, but holding TZA as "insurance" against an overbought market.
MrJohnRoss
Well-known member
bmneveu
Well-known member
Tom pointed out that seasonality is pretty bearish starting Monday all the way through mid December. If that holds true, you should get your price action within the next few weeks.
MrJohnRoss
Well-known member
Thanks for that observation. With commodities, especially oil, down sharply today, the Transports are surging, which is helping to lift the Dow. Seasonality does play a factor, but to what extent remains to be seen.
MrJohnRoss
Well-known member
You may have timed it perfectly. Good luck!
MrJohnRoss
Well-known member
With the weak close on Friday, and futures pointing to a down market tomorrow, perhaps my insurance is going to finally pay off. TZA was up over 4% on Friday alone.
I'll be busy cooking some rocket fuel most of the day tomorrow, so I'll have very little time to see how the markets are doing.
maui21ice
Member
Same here, except I made the move to the G just to be a little extra cautious. (In my Real World TSP account)
Hoping a nice new low price for the S or C presents itself in a few weeks so I can buy cheap before a sharp turn-up mid-month.
MrJohnRoss
Well-known member
Well well well...
Looks like the ship is beginning to list to the downside. Ain't that a surprise. *insert sarcasm here*
My insurance is beginning to pay off, as TZA was up a strong 4.7%. If we can clear 14.25, the obvious cycle high could take us back up to the 19 area. Wouldn't that be nice.
MrJohnRoss
Well-known member
... and unless you were in the G Fund, you lost money today. AGG (F Fund) was even down 14 ticks.
The candle pattern for AGG is showing a dark cloud, and nearly a bearish engulfing pattern. Gonna have to keep an eye on this one, because I really don't want to burn an IFT to go to G.
Looks like the S Fund is going over a cliff, down 150 basis points. Yikes!
The candle pattern for AGG is showing a dark cloud, and nearly a bearish engulfing pattern. Gonna have to keep an eye on this one, because I really don't want to burn an IFT to go to G.
Looks like the S Fund is going over a cliff, down 150 basis points. Yikes!
JTH
Well-known member
Bring on the pain, AGG has .05% more to scalp off of tomorrow's close...
MrJohnRoss
Well-known member
If anyone is interested, Stockcharts.com is having a nice sale on their subscriptions today for Cyber Monday.
(Too bad I don't get a referral fee. Lol.)
(Too bad I don't get a referral fee. Lol.)
MrJohnRoss
Well-known member
Here's a look at the Wilshire 5000, including the MOSI, which has a reading of -21. Looks like I need to paint a red stripe down today's action.
FYI, most (but not all) of the other indicies have MOSI crossovers as well. S&P 500 MOSI is at -6.
FYI, most (but not all) of the other indicies have MOSI crossovers as well. S&P 500 MOSI is at -6.
MrJohnRoss
Well-known member
Thank you Mr. Market for providing an up day in order to lighten up on my stock holdings.
MrJohnRoss
Well-known member
Whip it... whip it good.
MrJohnRoss
Well-known member
Here's an interesting perspective on the market - the NYSE Composite Index, which is all NYSE listed stocks. Some possibly troubling signs here:
1) The Index is having difficulties retaking the uptrend line that goes back to June of 2012;
2) The Index has not broken above the downward sloping triple top line, and failed at it's latest attempt;
3) Possible head and shoulders formation taking shape;
4) Death cross of the 50 and 200 SMA
Other than that, things are looking nice and rosy here. Heh.
1) The Index is having difficulties retaking the uptrend line that goes back to June of 2012;
2) The Index has not broken above the downward sloping triple top line, and failed at it's latest attempt;
3) Possible head and shoulders formation taking shape;
4) Death cross of the 50 and 200 SMA
Other than that, things are looking nice and rosy here. Heh.
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