MrJohnRoss' Account Talk

[pmaloney]

I'm trying to be less emotional and deal with volatility but after the last two years I can tell you that January is not my favorite month!

Time to make a drink! Have a good weekend everyone.

 

[JTH]

Hey John, if I had stayed home today, I could have made like 10 trades in one stock alone

 

[Skorcher]

One other interesting note...

According to the Stock Traders Almanac, every down January on the S&P since 1950, without exception, preceded a new or extended bear market, a flat market, or a 10% correction.

Ominous historical data indeed.

S&P has 22 down Januarys (down more than 1%) since 1950 and 13 of those years were followed by an increase of 5% or more.

 

[MrJohnRoss]

Updated graph of the 60 minute S&P 500. When I left for the dentist yesterday, the market was climbing, and was about break even. What the heck happened?

 

[MrJohnRoss]

Anyone else notice the slight discrepancy on the Autotracker? The I Fund has a YTD return of 1.20%, and a MTD return of 1.19%. There's a slight rounding error in there somewhere.... All the other funds look fine.

 

[JTH]

Anyone else notice the slight discrepancy on the Autotracker? The I Fund has a YTD return of 1.20%, and a MTD return of 1.19%. There's a slight rounding error in there somewhere.... All the other funds look fine.

My tracker shows 1.19%
Too bad I don't show that for myself ;swear

 

[tsptalk]

Anyone else notice the slight discrepancy on the Autotracker? The I Fund has a YTD return of 1.20%, and a MTD return of 1.19%. There's a slight rounding error in there somewhere.... All the other funds look fine.

Thanks for pointing that out. I'll look into it today.

 

[MrJohnRoss]

Tomorrow is historically an especially "Bullish" day. Here are the historical odds of a positive close for Feb 2:

DJIA: 76%
S&P500: 76%
Nasdaq: 81%
R1K: 69%
R2K: 69%

Let's hope we get a strong rebound from Friday's big drop.

 

[Cactus]

And if not, remember last year closed pretty good even with January being a down month. And for the first day of Feb 2014: C -2.28%,
S -3.05%, I -2.06%. :blink:

 

[MrJohnRoss]

Down she goes! The S&P is now below the box, and below the bottom line of the consolidating triangle pattern.

Looks like February is starting out with a bang, and not in a good way.

 

[soon2retire]

Down she goes! The S&P is now below the box, and below the bottom line of the consolidating triangle pattern.

Looks like February is starting out with a bang, and not in a good way.

 

[Mcqlives]

Down she goes! The S&P is now below the box, and below the bottom line of the consolidating triangle pattern.

Looks like February is starting out with a bang, and not in a good way.

Remember your observation (at least I think it was yours) that when the markets go a little below the target and bounce from there it indicates strength to come.

 

[pmaloney]

The I fund looks pretty strong. Do you still think it's a good time to get into the I fund?

 

[felixthecat]

Remember your observation (at least I think it was yours) that when the markets go a little below the target and bounce from there it indicates strength to come.

Looks alot like a sucker move this morning to absorb as many folks into the market on a false move after a negative open. Are the markets fixing to go into a tailsping? Stay tuned...same time same TSPTALK channel.

Oh, and seems like I have been saying this a few times, my fingers are on the safety button. Hope I can hold the I Fund line.

 

[Mcqlives]

Looks alot like a sucker move this morning to absorb as many folks into the market on a false move after a negative open. Are the markets fixing to go into a tailsping? Stay tuned...same time same TSPTALK channel.

Oh, and seems like I have been saying this a few times, my fingers are on the safety button. Hope I can hold the I Fund line.

SnP 1972 is my safety button...

 

[MrJohnRoss]

Remember your observation (at least I think it was yours) that when the markets go a little below the target and bounce from there it indicates strength to come.

Lots of positive and negative divergences today. Let's see if we can get a positive close out of the day. That would be a good place to start. Things could get real ugly if we close down sharply.

 

[MrJohnRoss]

The I fund looks pretty strong. Do you still think it's a good time to get into the I fund?

It's hard to tell. There just doesn't seem to be a strong trend in either direction for any of the markets right now.

 

[MrJohnRoss]

Looks alot like a sucker move this morning to absorb as many folks into the market on a false move after a negative open. Are the markets fixing to go into a tailsping? Stay tuned...same time same TSPTALK channel.

Oh, and seems like I have been saying this a few times, my fingers are on the safety button. Hope I can hold the I Fund line.

I hear ya. Was tempted to bail on the hard down move, but almost anything can (and does) happen during the day any more. Lot's of volatility. That's not a positive sign.

 

[MrJohnRoss]

SnP 1972 is my safety button...

I agree. Let's hope we don't have to test that level.

 

[pmaloney]

Thanks! Looks like it's going to be a really big surprise high at the close. You can never tell. Sure keeps things interesting.