MrJohnRoss' Account Talk

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After a very long day at work, just now getting a chance to post. Not really liking what I'm seeing with the markets. There seems to be a lot of nervousness by investors, and rightly so.

I am liking what I'm seeing with the metals and miners, which seem to be gaining strength to the upside.

I also rolled the dice on Friday with a chunk of some DWTI, the 3X leveraged bet on downside Crude Oil. It was up a healthy +14.85% today. Yee! :nuts:

I'll be tied up tomorrow morning, so I may not get a chance to make an IFT if things look bad. Seriously considering moving to the sidelines, tho. Hopefully we'll get a little bit of a bounce here.

Tomorrow is historically a "Neutral" day, with the following odds of a positive close:

DJIA: 57%
S&P500: 57%
Nasdaq: 62%
R1K: 60%
R2K: 69%

Seems like pretty good odds to me, but that hasn't always transpired this year, has it?

Let's see what tomorrow brings...

Good luck!
 
MrJohnRoss said:
After a very long day at work, just now getting a chance to post. Not really liking what I'm seeing with the markets. There seems to be a lot of nervousness by investors, and rightly so.

I am liking what I'm seeing with the metals and miners, which seem to be gaining strength to the upside.

I also rolled the dice on Friday with a chunk of some DWTI, the 3X leveraged bet on downside Crude Oil. It was up a healthy +14.85% today. Yee! :nuts:

I'll be tied up tomorrow morning, so I may not get a chance to make an IFT if things look bad. Seriously considering moving to the sidelines, tho. Hopefully we'll get a little bit of a bounce here.

Tomorrow is historically a "Neutral" day, with the following odds of a positive close:

DJIA: 57%
S&P500: 57%
Nasdaq: 62%
R1K: 60%
R2K: 69%

Seems like pretty good odds to me, but that hasn't always transpired this year, has it?

Let's see what tomorrow brings...

Good luck!
Click to expand...

Took a hedge on TZA a couple of days ago, been eying oil, watching for a test of the major Double Top/Bottom on the DIG/DUG combo, would be nice to jump in post-flush.
 
JTH said:
Took a hedge on TZA a couple of days ago, been eying oil, watching for a test of the major Double Top/Bottom on the DIG/DUG combo, would be nice to jump in post-flush.
Click to expand...

Nice! Ten days ago on DUG would have been perfect. Would be hard for me to bet on DIG, but that day will come, I know.
 
Did I mention that I'm not feeling too good about this market? Seems like it's psychotic. Wild swings up, then down, then back up again... all in the same day. I'm really considering abandoning ship, possibly tomorrow.

This is options expiration week, so there's bound to be some volatility. According to the Stock Traders Almanac, January expiration week has been horrible since 1999, with the Dow down 9 of the last 16 years (56%), with an average loss of -1.3%.

Here's tomorrow's historical odds of a positive close, FWIW:

DJIA: 52%
S&P500: 52%
Nasdaq: 52%
R1K: 57%
R2K: 63%

Looks like Oil is continuing to fall tonight. WTIC closed today at 46.11. Just looked at the futures price, which is currently at 45.65. DWTI *should* do well tomorrow. And possibly for quite a few after that. I think we'll see oil under 40 bucks before too long.

Here's a weekly chart of West Texas Crude Oil. I don't see any strength here, do you?


WTIC weekly.png
 
It finally cleared up last night so I went out to try andsee comet Lovejoy. I spotted it using my binoculars and it looked like a faintfuzzy green cotton ball. It was northwest of Orion’s belt and southeast of the PleiadesCluster.The map a few pages back is pretty good for location.
 
MrJohnRoss said:
Did I mention that I'm not feeling too good about this market? Seems like it's psychotic. Wild swings up, then down, then back up again... all in the same day. I'm really considering abandoning ship, possibly tomorrow.

This is options expiration week, so there's bound to be some volatility. According to the Stock Traders Almanac, January expiration week has been horrible since 1999, with the Dow down 9 of the last 16 years (56%), with an average loss of -1.3%.




Here's tomorrow's historical odds of a positive close, FWIW:

DJIA: 52%
S&P500: 52%
Nasdaq: 52%
R1K: 57%
R2K: 63%

Looks like Oil is continuing to fall tonight. WTIC closed today at 46.11. Just looked at the futures price, which is currently at 45.65. DWTI *should* do well tomorrow. And possibly for quite a few after that. I think we'll see oil under 40 bucks before too long.

Here's a weekly chart of West Texas Crude Oil. I don't see any strength here, do you?


View attachment 31979
Click to expand...

To further start your day....http://finance.yahoo.com/news/saudis-hit-panic-button-40-140151602.html
 
You sure called it right! I don't have a problem with oil going down but the market is really crazy right now. I will probably pair back too. I remember how bad the end of last January was. Good luck!
 
Looks like we're going to have a re-test of the S&P's recent low of 1992. So far, we're bouncing off of the lows for the day at 2001, so it looks like we may have a successful test. Of course, the day is still early, and it could go psychotic on us again. If we go below 1992, then our next test will be the Dec low of 1973. Let's hope we don't have to go that far down. :sick:
 
nasa1974 said:
It finally cleared up last night so I went out to try andsee comet Lovejoy. I spotted it using my binoculars and it looked like a faintfuzzy green cotton ball. It was northwest of Orion’s belt and southeast of the PleiadesCluster.The map a few pages back is pretty good for location.
Click to expand...

Thanks nasa, glad someone here got to see it. I think my area has too much light polution to see it, but it's been overcast most nights lately. I'll try again if it clears up.
 
Birchtree said:
I only gave back -$196K last January but gained +$290K in February - so one never knows what the future may hold.
Click to expand...

Yes, last February was one of the better months of 2014 for this aging bull market. Trying to get a good read for this year's market, and it sure seems to be flashing some warning signs. Perhaps we just need a good *flush* so we can get to an oversold condition, then start a nice move higher.
 
Yup, it's that old fear of being cast into perdition in the pyroclastic collapse to come, which may never arrive. I'm holding steady.
 
Decided to move to G.

The F Fund has been doing very well, but looks like it's making a short term top here, and is likely over-extended.

Good luck!
 
MrJohnRoss said:
Looks like we're going to have a re-test of the S&P's recent low of 1992. So far, we're bouncing off of the lows for the day at 2001, so it looks like we may have a successful test. Of course, the day is still early, and it could go psychotic on us again. If we go below 1992, then our next test will be the Dec low of 1973. Let's hope we don't have to go that far down. :sick:
Click to expand...

Looks like 1992 is going to fail.

Next test is 1973.

I don't like selling on such a strong down day, but this was an unknown at IFT cutoff time. Boo.
 
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