MrJohnRoss' Account Talk

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MrJohnRoss said:
Two days ago, I was literally a click away from performing an IFT into G, but I held back. We're at a disadvantage having to base our IFT decisions on what's happened well before the market closes. It turns out that the IFT deadline on Jan 6th was pretty much the bottom of this latest pull-back, and the recovery began almost immediately thereafter. Thank goodness I came to my senses before clicking my mouse. :toung:
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I made an IFT out of S fund but it was to C :laugh:. I really think the market will do well this year, the first couple trading days were shakeouts. I tend to trade off mid-term momentum rather than off day-to-day activity mainly by what you just said (IFT delay).

Man I realized I haven't been here in a while, what's up with that asteroid thing JR? I find that more scary than the market activity haha.
 
MrJohnRoss said:
Two days ago, I was literally a click away from performing an IFT into G, but I held back. We're at a disadvantage having to base our IFT decisions on what's happened well before the market closes. It turns out that the IFT deadline on Jan 6th was pretty much the bottom of this latest pull-back, and the recovery began almost immediately thereafter. Thank goodness I came to my senses before clicking my mouse. :toung:
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And that's the lesson I learned in 2014...It doesn't matter what the price is when you buy in. You still have the same number of shares as long as you don't sell at a lower price than you bought in at. Whether it takes a few days, or six months, eventually the price goes back up. Especially in a bull market!:rolleyes:
 
sniper said:
I made an IFT out of S fund but it was to C :laugh:. I really think the market will do well this year, the first couple trading days were shakeouts. I tend to trade off mid-term momentum rather than off day-to-day activity mainly by what you just said (IFT delay).

Man I realized I haven't been here in a while, what's up with that asteroid thing JR? I find that more scary than the market activity haha.
Click to expand...

Good to see back on the board, Sniper. Don't worry 'bout no asteroid, the gubment would have let us know if there was a problem, right?
 
Evening,


i saw someome mention IFT and I have a question, if you do an interfund transfer from the g fund to another fund like c fund; them want to go back to the g fund 100% does this count as your 2nd IFT for the month? Or are G fund movements infinite?


thanks
 
MrJohnRoss said:
So far, today's rally is looking good. We need to see a decisive break above 2030 in the S&P today to start to feel comfortable about this rally.

The next target after that would be 2062. One step at a time...
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Isn't it interesting that yesterday's pause was almost exactly 2030, and today's pause was almost exactly 2062?
 
Wiff007 said:
Evening,


i saw someome mention IFT and I have a question, if you do an interfund transfer from the g fund to another fund like c fund; them want to go back to the g fund 100% does this count as your 2nd IFT for the month? Or are G fund movements infinite?


thanks
Click to expand...

Your first two IFT's can be to any funds you want. After that, you're only allowed an IFT to G.

Obviously if you used your 2nd IFT to move to G, you have no other moves.

Hope that helps.
 
Tomorrow is historically a "Bullish" day. Here are the historical odds of an up day:

DJIA: 57%
S&P500: 62%
Nasdaq: 71%
R1K: 63%
R2K: 66%

Smoke 'em if you got 'em.
 
MrJohnRoss said:
Your first two IFT's can be to any funds you want. After that, you're only allowed an IFT to G.

Obviously if you used your 2nd IFT to move to G, you have no other moves.

Hope that helps.
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Thanks! I wonder why they count that against you though :(. To me it should be a gimme since it is to the g. Oh well guess I will pray we don't have a dip next week lol
 
Wiff007 said:
Thanks! I wonder why they count that against you though :(. To me it should be a gimme since it is to the g. Oh well guess I will pray we don't have a dip next week lol
Click to expand...

You're welcome. Two IFT's is the limit. The only "gimme" is the free move to G after that.
 
MrJohnRoss said:
Today will complete the "First Five Days" early warning system for the year. It'll be interesting to see how today shapes up. So far, we're down -1.60%.
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Final tally for the first five days... a whopping gain of +0.16%.

Well, at least it wasn't negative, right?

Now we wait to see how the "January barometer" plays out.
 
Not a great finish to the week, but I'm not too concerned with today's action. Looking at the short term charts (30 min), we were mildly overbought, so this allowed us to cool the jets down a little bit and get the RSI stabilized near 50. Hopefully we can begin ramping back up next week, barring any unforeseen black swans over the weekend. I also think there is a bit of global turmoil and nervousness at this time, and short term traders were just a little bit reluctant to hold over the weekend.
 
MrJohnRoss said:
Not a great finish to the week, but I'm not too concerned with today's action. Looking at the short term charts (30 min), we were mildly overbought, so this allowed us to cool the jets down a little bit and get the RSI stabilized near 50. Hopefully we can begin ramping back up next week, barring any unforeseen black swans over the weekend. I also think there is a bit of global turmoil and nervousness at this time, and short term traders were just a little bit reluctant to hold over the weekend.
Click to expand...

Yeah, looks like we fell out of the 10 SMA channel again. Hopefully, the markets have absorbed all that turmoil and we can get back to growing our TSP accounts next week.

FYI, I usually check your account talk each and every day and value your perspectives on the market. Keep up the great work!!!
 
Last edited:
Yes, with everything going on it could have been worse especially on a Friday. Hopefully, we will have a nice quiet weekend and good earnings reports next week. Have a good weekend!
 
ravensfan said:
Yeah, looks like we fell out of the 10 SMA channel again. Hopefully, the markets have absorbed all that turmoil and we can get back to growing our TSP accounts next week.

FYI, I usually check your account talk each and every day and value your perspectives on the market. Keep up the great work!!!
Click to expand...

The Ravens will win this weekend and the markets will reach new highs next week.
 
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