MrJohnRoss' Account Talk

[sniper]

It's a roller coaster, I always get reminded why I stopped stressing about what happened in the markets from day to day. When it comes to investing, it's the destination and not the journey afterall. I don't care how I get a $3M+ account, all that matters is I get there in time

 

[pmaloney]

Wise words. Good luck on that $3M.

 

[Whipsaw]

BOOM! Right out the top of the box!

 

[weatherweenie]

BOOM! Right out the top of the box!

It's getting close.

 

[pmaloney]

Just read a Jim Cramer article where he said that Europe was turning and sending buy signals. Really a great day if we can get pat the last twenty minutes.

 

[MrJohnRoss]

Wow! S&P stopped on a dime, right at 2062.52, basically right at our magic 2064 level. According to our 3rd grade logic, we're now at our perfect selling position.

Problem is... Groundhog day has already come and gone, and this pattern isn't going to repeat forever. It would be too weird if we backed off of this level again.

I sure appears to me that there's pretty good momentum here. Perhaps we get a pullback tomorrow simply because we've had three big up days this week. February has now provided 68 points higher on the S&P (+3.4%), and 720 points on the Dow (4.2%). That's a lot of upside action for one week.

My prediction: We may see previous resistance (2064) becoming future support, and we build from there.

Hope springs eternal, right?

:laugh:

 

[Birchtree]

I think I might buy some EWG - a German ETF.

 

[pmaloney]

Uh Oh! Does this mean you think we might not get that 280 point up day tomorrow to make the 1000 point week and make you happy? :blink:

 

[sniper]

My prediction: We may see previous resistance (2064) becoming future support, and we build from there.

I'm thinking that'll happen. If that resistance gets broken we're going to explode up as a bunch of short sellers are going to bail. Just got a feeling that the bears were trying hard to take the market south but are running out of gas

 

[MrJohnRoss]

I think I might buy some EWG - a German ETF.

With the ECB promising to pump a Trillion euros into their economy, that might not be a bad choice. Another option is HEDJ, which is a currency hedged European ETF. With the dramatic fall in the Euro, it's important to consider currency risk.

I did the technical analysis for you. Check out the graph and commentary below:





What you're looking at is the relative performance of HEDJ vs. EWG over the past year. When the line trends from the lower left to the upper right, HEDJ is outperforming EWG.

A quick calculation shows that HEDJ would have returned 23.5% MO MONEY in your pocket than EWG in just the last year.

My bill is in the mail.

 

[MrJohnRoss]

It's now looking like there's some rotation going on with the relative strength of the TSP funds. I'll post graphs later, but the equation is beginning to look like this:

S > C > I

 

[pmaloney]

Yes, not a good day for the I fund and we seem to have lost steam in the C & S. I preferred yesterday's action.

 

[felixthecat]

Yes, not a good day for the I fund and we seem to have lost steam in the C & S. I preferred yesterday's action.

I'm looking at the 10YR TNX T-Bill Yield and see a big move in the yields as a knee jerk reaction to the strong job report this morning. We are well off the early January low and appear to retest the 2.02% level in the yield. This makes me rethink that we now could see red in equities next week (and today maybe) as the FED may act sooner to raise interest rates. The market may takes today's job numbers and a big 0.5% jump in average hourly earnings as a sign that the FED will have to act sooner now than later. Don't be surprised by today's action or next week...it is in the numbers. ;swear

Will be looking to bail out sometime next week. That down grade in Greece is just another nail in the coffin. No reason to hold on to today. Look for market to head south and makes us all look like rookies. I see some exited out yesterday...great for ya'll.

Bond Ticker - Bonds Center - Yahoo! Finance

 

[MrJohnRoss]

Yes, it's one of those days where bad news is good, and good news is bad.

Bonds are getting creamed.

 

[GUCHI]

BONDSSssss what about our PO little I fund that sucker is get n da beatdown

 

[weatherweenie]

I see some exited out yesterday...great for ya'll.

Bond Ticker - Bonds Center - Yahoo! Finance

Too bad the exit was into the F***ed fund!

 

[felixthecat]

BONDSSssss what about our PO little I fund that sucker is get n da beatdown

I believe there is a fair amount of valuation leftover to be applied to our I Fund. We might not be that bad off. Guess we will see once the dust settles. But yeah, we are getting our tushes handed to us. Looks like the C/S will not be that far off our rearview mirror either. :worried:

 

[pmaloney]

I would like this but I don't like it. You are right though. Have a good weekend! Hopefully the next week will give another rise like this one did.

 

[JTH]

__
It's all good, folks just don't want to be invested over the weekend, Monday should show us where we really stand.

 

[pmaloney]

This one I can Like! Have a good weekend everyone!:smile: