MrJohnRoss' Account Talk

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MrJohnRoss said:
Investors Who Ignore Treasury's Warning Will Pay the Price

"... Although the Dow Jones Industrial Average DJIA, +0.98% can experience an aggressive rally between now and the end of the year, what we have seen in December when coupled with the warning from the U.S. Treasury Department sets the stage for what everyone should expect in 2015. Proactive, risk-controlled trading strategies will prevail; buy-and-hold strategies will not do nearly as well as they have; and the risk of material market declines will remain high throughout the year."

Couldn't have said it better myself.
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Bull Daddy will not like this.....:cool:
 
Once again the Fed has made it known that the stock market is the only place for the average person to get any potential significant gains over the next many years. The Fed is afraid of deflation and will remain patient on interest rates. Lower than normal interest rates could last for much longer than expected. We are ina long term secular bull market and in secular bull markets all surprises tend to come on the upside.
 
Birchtree said:
Once again the Fed has made it known that the stock market is the only place for the average person to get any potential significant gains over the next many years. The Fed is afraid of deflation and will remain patient on interest rates. Lower than normal interest rates could last for much longer than expected. We are ina long term secular bull market and in secular bull markets all surprises tend to come on the upside.
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Nice to see you, Chief. Feelin' better?
 
Scaling back in. Picked up some CURE and BIB. Just in case we're hitting near the bottom. Sure feels like a real rally, doesn't it?
 
There is a lot of money standing in line waiting to get through the door to include yours. We are about to see multiple strongly positive breath days ahead.
 
The 401k finished down 38 basis points today. Psssshhh.

Between that and AGG finishing down a measly 13 bp, I'm not crying uncle.

Let's see how the next two days pan out. I'm guessing the relief rally may sputter, and we could possibly see a double bottom re-test of the 1970 area on the S&P.

Today's action was a combo of an oversold market that had gone too far too fast, and the fact that it was a Fed day. That one-two combo blackened a few bear's eyes.
 
MrJohnRoss said:
The 401k finished down 38 basis points today. Psssshhh.

Between that and AGG finishing down a measly 13 bp, I'm not crying uncle.

Let's see how the next two days pan out. I'm guessing the relief rally may sputter, and we could possibly see a double bottom re-test of the 1970 area on the S&P.

Today's action was a combo of an oversold market that had gone too far too fast, and the fact that it was a Fed day. That one-two combo blackened a few bear's eyes.
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I agree we are at a crossroad. I'm currently sitting on the fence. Sold my TNA today, but am still 100% S fund. I think the bulls may win out for the next two weeks. Seasonality and Santa Rally may be able to push the markets to new highs. One thing for sure is it's gonna be a wild ride!

Jeff
 
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ATCJeff said:
I agree we are at a crossroad. I'm currently sitting on the fence. Sold my TNA today, but am still 100% S fund. I think the bulls may win out for the next two weeks. Seasonality and Santa Rally may be able to push the markets to new highs. One thing for sure is it's gonna be a wild ride!

Jeff
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Well said Jeff. That's why I love the markets, TA, and making a little dinero $$$. Every day is a new adventure, and the market teaches you something new all the time.
 
MrJohnRoss said:
Is the bottom in place? I've had an itch on my trigger finger all morning, but trying to keep my logical "Mr. Spock" brain in control. We're certainly closer to a bottom than we were two weeks ago.

The probabilities of this being the bottom are about 40/60, IMHO. We may not be quite there yet. However, there may be a lot of pressure to get the end of year market rally in place. Window dressing will commence, etc.

I'll let Mr. Spock watch the indicators to let me know when the tides have turned. *grumble grumble*
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Two back-to-back strong up days is a pretty good indication that the market wants to go higher at this juncture. Yesterday's bullish engulfing candle, and today's gap up were all all I needed to see to move back into equities.

I studied the long term (weekly) and short term (daily) relative strength charts for C, S and I, and decided that the tides are turning in favor of S. The daily chart shows S outperforming C since Dec 1st, and breaking the downtrend line. The weekly chart also appears to show that S is bottoming out and turning higher. So even though S is underperforming C today, I've gone 100% S.

Was hoping to see the markets pull back a bit this morning so I could catch it at a better price, but at this point, the odds favor a continuation of the aging bull run into next year.

Good luck!
 
Sold off my TZA for a loss of -8.8%. Meanwhile, I picked up some TQQQ at 97.90.

Both BIB (+4.8%) and CURE (+5.4%), which I picked up yesterday, have offset my losses, so at this point, I'm gaining ground.

TZA did not gain ground very well during the market downturn. I'm going to have to analyze my choices in preparation for the next market downturn. Perhaps TQQQ/SQQQ or SSO/SDS would be better choices.

Looking back at my trading history, I've done fairly well with TNA, but not so well with TZA. There's a reason for that, and I'm going to get to the bottom of that reason and correct it.

As Jim Rohn said: "Don't wish it were easier, wish you were better".
 
MrJohnRoss said:
Sold off my TZA for a loss of -8.8%. Meanwhile, I picked up some TQQQ at 97.90.

Both BIB (+4.8%) and CURE (+5.4%), which I picked up yesterday, have offset my losses, so at this point, I'm gaining ground.

TZA did not gain ground very well during the market downturn. I'm going to have to analyze my choices in preparation for the next market downturn. Perhaps TQQQ/SQQQ or SSO/SDS would be better choices.

Looking back at my trading history, I've done fairly well with TNA, but not so well with TZA. There's a reason for that, and I'm going to get to the bottom of that reason and correct it.

As Jim Rohn said: "Don't wish it were easier, wish you were better".
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Playing TZA this past year cost me a lot of money.
 
Looks like I'll be entering $EMW at 1045.65, up 1.73% today. Dayam.

The 401k was up over 3%, and is now in uncharted territory. Top three holdings:

CURE: +8.62%
TQQQ: +7.49%
BIB: +7.06%

Such a massive push today, but we're reaching short term overbought levels here. Wouldn't be surprised to see a pause/cooldown tomorrow. If you're not in yet, tomorrow may give you your best chance.

Thank you Santa.
 
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