MrJohnRoss' Account Talk

I know that the "I" fund will adjust it's final posting because of the difference between the close of the European market and the American market but almost half? The "I" fund closed around 1.37% and posted at 0.79%. anybody remember that large of a discrepancy before?
Now that I have some I fund I have to deal with those kind of issues. I thought that was a huge fair value adjustment. Maybe we'll get some of that back today. I see on market watch.com the premarket valuemof Efa is -.42% which is much better than U.S. Markets.
 
I know your currently 100% I fund but is todays action just a retest of the lows that we should bounce off of? I notice that this is the third time in a 30 day period that we've seen this bottoming action in the same area of resistance. Whats your analysis of what is going on in the market today? Is it just the bad earnings report that have recently came out or is there any other underlying factors?
 
I know that the "I" fund will adjust it's final posting because of the difference between the close of the European market and the American market but almost half? The "I" fund closed around 1.37% and posted at 0.79%. anybody remember that large of a discrepancy before?

Now that I have some I fund I have to deal with those kind of issues. I thought that was a huge fair value adjustment. Maybe we'll get some of that back today. I see on market watch.com the premarket valuemof Efa is -.42% which is much better than U.S. Markets.

I know your currently 100% I fund but is todays action just a retest of the lows that we should bounce off of? I notice that this is the third time in a 30 day period that we've seen this bottoming action in the same area of resistance. Whats your analysis of what is going on in the market today? Is it just the bad earnings report that have recently came out or is there any other underlying factors?

My personal opinion (FWIW), is that today's market tumble is a bump in the road on it's way higher. You can see that on the short term charts, as the market is climbing higher off it's lows this morning. The market was scared from some earnings disappointments, but looks to continue to grind higher.

The I Fund looks like it's still continuing it's strength as well. I agree with nasa that we seemed to have gotten too much of a haircut on yesterday's closing price, but the relative strength of EFA still looks very promising for the I Fund. Today's dip in the strength of the dollar should help us as well.
 
My personal opinion (FWIW), is that today's market tumble is a bump in the road on it's way higher. You can see that on the short term charts, as the market is climbing higher off it's lows this morning. The market was scared from some earnings disappointments, but looks to continue to grind higher.

The I Fund looks like it's still continuing it's strength as well. I agree with nasa that we seemed to have gotten too much of a haircut on yesterday's closing price, but the relative strength of EFA still looks very promising for the I Fund. Today's dip in the strength of the dollar should help us as well.

I agree with everything you just said and have one comment...
I remember I fund FV hitting that hard several times before. It seemed to happen quite a bit when we were being accused of "day trading". I really would like to see how they calculate it because it sure seems like they take more than they should when the I fund has great days.
 
As Gomer Pyle used to say... "Surprise, surprise, surprise!". (Some of you young whipper snappers prolly don't remember that saying...)

The I Fund is finally looking like it's getting it's mojo on. Up +0.84%, compared to the S Fund's -0.60%, and the C Fund's -1.34%. Today's drop in the value of the dollar certainly helped.

BTW, if you look at the top of the A.T., the I Fund is now in the #21 position, well ahead of S or C. Interesting that only one person in the top 20 is 100% invested in it.

Shhh. Let's keep it a secret. :toung:
 
As Gomer Pyle used to say... "Surprise, surprise, surprise!". (Some of you young whipper snappers prolly don't remember that saying...)

The I Fund is finally looking like it's getting it's mojo on. Up +0.84%, compared to the S Fund's -0.60%, and the C Fund's -1.34%. Today's drop in the value of the dollar certainly helped.

BTW, if you look at the top of the A.T., the I Fund is now in the #21 position, well ahead of S or C. Interesting that only one person in the top 20 is 100% invested in it.

Shhh. Let's keep it a secret. :toung:

Isn't that right Sgt. Carter?
 
I love ya "like a brother from another mother" but my friend, I do not love the I-Fund...:cheesy:

Once burned twice shy. I get it.

Now ya gotta realize that's just a psychological barrier. You're in this game to make money, nothing else.

Put away your prejudices and think logically. Yes, the rising dollar is going to combat potential gains, however, WYSIWYG when you look at the A.T.

Right now, it's the strong horse, and it sure appears that that strength is increasing.

Just some food for thought, brother.
 
Tomorrow is historically a "Bullish" day for the markets. Here are the historical odds of a positive close:

DJIA: 62%
S&P: 67%
Nasdaq: 71%
R1K: 60%
R2K: 63%

Looks good to me. Bring it on.
 
WYSIWYG - that takes me back a few years. Is that a Newt thing?

It came around when Windows programs (back in the 3x days) actually showed the text/graphics the way they would print, including actual fonts, bolding, etc... before that it was all courier text with codes around the text that was different

Code:
This would be an [bold]example[/bold] of how Wordperfect would have looked back in the 90s.

Rather than now it would be bolded and you would see it, hence the What You See Is What You Get :-)
 
It came around when Windows programs (back in the 3x days) actually showed the text/graphics the way they would print, including actual fonts, bolding, etc... before that it was all courier text with codes around the text that was different

Code:
This would be an [bold]example[/bold] of how Wordperfect would have looked back in the 90s.

Rather than now it would be bolded and you would see it, hence the What You See Is What You Get :-)

Like I said.... :toung:
 
Once burned twice shy. I get it.

Now ya gotta realize that's just a psychological barrier. You're in this game to make money, nothing else.

Put away your prejudices and think logically. Yes, the rising dollar is going to combat potential gains, however, WYSIWYG when you look at the A.T.

Right now, it's the strong horse, and it sure appears that that strength is increasing.

Just some food for thought, brother.

Now I realize I started all this by digging up an old I-fund quote in my thread, but I should also let it be known I was not in the I-Fund when that comment was made, it was simple sarcasm directed at those poor I-Funders who had recently taken a hit back in 2013. As long as I've been here, folks should understand and know my trades are based off of sound TA & Stats, my emotions do not even enter into the equation. From time to time, if I am not feeling in sync with the markets, then I just stop trading, then reboot when I'm ready.

It is simple for me, I do not have any mental issue with the I-Fund, I do not trade the I-Fund because I do not wish to track the performance of 21 countries and the U.S. Dollar. I already handle a great deal of data, so I try not to take on more than I can handle, or else I risk getting burned out.

Now back in the day when there were unlimited IFTs, I was trading in and out of the I-Fund and taking advantage of the fair value corrections like a drunken sailor, but that was much easier to do when it could be done multiple times a month. I do realize the I-Fund is a tool that I'm not using, but at the same time I believe the C/S funds offer me enough coverage to get the job done.


Sorry for getting anyone riled up, I do not mean to disparage anyone who chooses the I-Fund, I'm only teasing :)
 
No need for apologies. You can rile me all you want.

Nice day for the F Fund. Hard to imagine interest rates will continue to drop, but perhaps we're going to follow suit like some other countries, and have interest rates go so low that they go negative. Yikes! It could happen in a global deflationary scenario.

Here's today's results:

S Fund: -1.48%
C Fund: -1.34%
I Fund: -1.33%

It was an ugly day for equities all the way around.
 
Here's an updated graph of the 60 min S&P 500. Looks like we may tag the bottom of the box again. If we fall out of the box at the bottom, then the December low would be the next test. Let's hope we don't have to drop that low.

The RSI is suggesting we are getting near oversold levels if we fall much further, so that may mean a buying opportunity is approaching.


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