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MrJohnRoss' Account Talk
- Thread starter MrJohnRoss
- Start date
MrJohnRoss
Well-known member
According to the STA, this week is a pretty bearish week. Tomorrow is especially bearish. Here's tomorrow's historical odds of a positive close:
DJIA: 33%
S&P: 33%
Nasdaq: 29%
R1K: 34%
R2K: 34%
FWIW.
DJIA: 33%
S&P: 33%
Nasdaq: 29%
R1K: 34%
R2K: 34%
FWIW.
MrJohnRoss
Well-known member
Here's a YTD 1-hour chart of the S&P. Looks like the market wants to play in this box for the time being, with a range of roughly 75 S&P points. The good news is the market *appears* to be thrusting higher from the triple bottom low last Friday. The bad news is that the trend was down before it entered the box, and it may trend down again when it leaves the box. But that remains to be seen. With volatility high, the ECB pondering their own QE, and the SNB decoupling from the Euro, who knows what will happen next. It's a mad, mad, mad, mad world.
jpcavin
Well-known member
MrJohnRoss
Well-known member
It's rare, but I've decided to make a move to the I Fund today. Short term relative analysis charts are showing that it's outperforming both the C and S Funds.
Good luck!
Good luck!
MrJohnRoss
Well-known member
Be careful. There is always the risk that the EU does NOT implement some sort of QE tomorrow, which could bomb the I Fund. The market is expecting QE, and it may already be priced in.
jkenjohnson
Active member
There was a leak on marketwatch.com that says they will.
MrJohnRoss
Well-known member
jpcavin
Well-known member
Bwahahaha! Did someone pee in your pool, Chief?:blink:
It's a good thing you went in 100% I. You have a lot of ground to cover before you catch up to Mr. Tree :laugh: Looks like he gave us all the slip.
MrJohnRoss
Well-known member
[h=1]The Most Economically-Correlated Commodity Is Flashing Red[/h]
"Lumber prices are tumbling and are breaking the 6-year up-trend that has 'proved' the recovery..."
"Lumber prices are tumbling and are breaking the 6-year up-trend that has 'proved' the recovery..."
MrJohnRoss
Well-known member
The I Fund is doing well, but not nearly as well as the C or S Funds. That's mainly due to the weakening of the Euro, and the strengthening of the dollar.
Today is just one day, tho. The intermediate trend still favors the I Fund. Let's see how it plays out over the course of the next week or so.
Also, the I Fund consists of more than just European markets. Japan, the U.K. and France are the top three country's holdings, but there are other non-Euro countries as well. For a full breakdown of countries see this link from iShares.
Today is just one day, tho. The intermediate trend still favors the I Fund. Let's see how it plays out over the course of the next week or so.
Also, the I Fund consists of more than just European markets. Japan, the U.K. and France are the top three country's holdings, but there are other non-Euro countries as well. For a full breakdown of countries see this link from iShares.
MrJohnRoss
Well-known member
MrJohnRoss
Well-known member
If the markets can make a push to the upside today, the S&P MOSI Indicator would likely switch to a "Buy" signal. The MOSI is a lagging indicator (by a few days), but it's been very accurate in showing intermediate trend changes. A positive close could also take us outside of the "box" I posted earlier.
WorkFE
Well-known member
I'm not seeing it but stranger things have happened. January Blues.
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