MrJohnRoss
Well-known member
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MrJohnRoss' Account Talk
- Thread starter MrJohnRoss
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You might start with a phone call to the TSP. Their contact info is on their website. 1-877-968-3778. You can also fax, mail, or send a secure message to them.
MrJohnRoss
Well-known member
My error. That was not the Nasdaq potentially clearing a new high at 4347, but the Nasdaq 100. It closed at 4348, a new multi-year high today.
The Nasdaq composite also closed at a new multi-year high at 4857.
We're only five S&P points, and 131 DJIA points away from all time highs on those indices. I think we'll break them within the next week. Momentum appears very strong.
Giddy-up!
MrJohnRoss
Well-known member
Updated chart of the NYSE Composite. The uptrend line that's been in place since 2012 was broken last September, and the NYSE has yet to overcome the upper resistance line. It's bumped up against it three times, but failed each time. Let's see if we can take it out during this run up. This will probably not be easy. The longer a resistance line holds, the stronger it becomes.
MrJohnRoss
Well-known member
1. Historically, here's what we have to look forward to for the markets this coming week:
Tuesday is especially bullish, with the S&P up 67% of the time.
Thursday is especially bearish, with the S&P up only 38% of the time.
Friday is expiration day, so expect lots of volatility.
2. I've developed a new timing system. It's based on the NYSE tick. Here's a chart of the $tick:
I realize it looks like a bunch of static, but I'd like to share with those of you who are interested, how I developed a timing system using this data in a future post. It's produced seven buy and sell signals over the past year, and each one has been successful in getting into the market on an upswing, and out of the market on a downswing. Stay tuned, and I'll try to post this info when I get enough time.
Good luck to us!
Tuesday is especially bullish, with the S&P up 67% of the time.
Thursday is especially bearish, with the S&P up only 38% of the time.
Friday is expiration day, so expect lots of volatility.
2. I've developed a new timing system. It's based on the NYSE tick. Here's a chart of the $tick:
I realize it looks like a bunch of static, but I'd like to share with those of you who are interested, how I developed a timing system using this data in a future post. It's produced seven buy and sell signals over the past year, and each one has been successful in getting into the market on an upswing, and out of the market on a downswing. Stay tuned, and I'll try to post this info when I get enough time.
Good luck to us!
soon2retire
Member
Thanks John!
MrJohnRoss
Well-known member
While the markets are floating around near the zero line, the big news today is the HUGE jump in interest rates. 10 Year Treasury yields were up +6.14%, to 2.145%. Remember when they were just 1.666% around Feb 1?
Looks like the F Fund is going to get a good smashing today. Seems that I made a call for a top in the F Fund on another thread a few weeks back, but missed the timing by about a week or so.
Stay tuned, because these things go in cycles. As Bob Dylan sang, "The Times They Are a Changin".
Looks like the F Fund is going to get a good smashing today. Seems that I made a call for a top in the F Fund on another thread a few weeks back, but missed the timing by about a week or so.
Stay tuned, because these things go in cycles. As Bob Dylan sang, "The Times They Are a Changin".
MrJohnRoss
Well-known member
It's the moment of truth for the NYSE Composite Index:
Personally, I think the resistance line will be broken soon, and most likely will become a future support line.
Personally, I think the resistance line will be broken soon, and most likely will become a future support line.
JTH
Well-known member
Looks too good to be true, I'll join the "fake the break of the neckline, than breakthrough the 2nd time" club
MrJohnRoss
Well-known member
MrJohnRoss
Well-known member
Updated 60 minute chart of the S&P 500:
After breaking out of the box to the upside several weeks ago, we all knew the angle of projection was unsustainable. At this point, the market appears to be consolidating before it's next move higher. I'm not expecting a market downturn, at least not a downturn of any significance. Most of the indices are at or near 52 week highs. Consumer discretionary stocks are outperforming consumer staples, and the S&P Equal Weight Index is outperforming the S&P, just to name a few positives.
It appears to me that this market is running on all cylinders. I'm staying the course.
Good luck to us.
After breaking out of the box to the upside several weeks ago, we all knew the angle of projection was unsustainable. At this point, the market appears to be consolidating before it's next move higher. I'm not expecting a market downturn, at least not a downturn of any significance. Most of the indices are at or near 52 week highs. Consumer discretionary stocks are outperforming consumer staples, and the S&P Equal Weight Index is outperforming the S&P, just to name a few positives.
It appears to me that this market is running on all cylinders. I'm staying the course.
Good luck to us.
soon2retire
Member
I hope your analysis is correct but hope we go sideways or a little down into March so I can get fully vested before the run up!
MrJohnRoss
Well-known member
The I Fund is going gangbusters today, thanks to the news that the Eurogroup has supposedly reached an accord to give the Greeks an extension. Basically, it looks like they are kicking the can down the road.
wavecoder
Active member
I think the rally will continue a little bit, but I'm starting to get a little more cautious. Today's move up the fear & greed index at 80, putting it in extreme greed territory. Usually when it reaches this level it continues up for a few days - week or 2 then pulls back. Early march might be a bad time to get in. But then again, who knows what'll happen? :smile:
I don't check my charts until the middle of the month, but I go based off intermediate & long-term momentum, it's looking like I'll also be staying C fund for march. So if there's a pullback I'll be feeling that pain for the short term as well. But that's all good, the end game is all that matters to me
MrJohnRoss
Well-known member
In case you're not sure we're in a bull market, in just the first three weeks of February, here's what the market has done:
Dow +975.49 points, or 5.68%
S&P +115.31 points, or 5.78%
$EMW +61.87, or 5.96%
EFA +3.81, or 6.22%
Nasdaq +320.73 points, or 6.92%
QQQ +7.31 points, or 7.23%
I'd say it's been a pretty good month so far, by any measure.
:beerchug:
Dow +975.49 points, or 5.68%
S&P +115.31 points, or 5.78%
$EMW +61.87, or 5.96%
EFA +3.81, or 6.22%
Nasdaq +320.73 points, or 6.92%
QQQ +7.31 points, or 7.23%
I'd say it's been a pretty good month so far, by any measure.
:beerchug:
Handballer
Active member
Wish I could say the same for my account.
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