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MrJohnRoss' Account Talk
- Thread starter MrJohnRoss
- Start date
MrJohnRoss
Well-known member
At the risk of causing too much elation, (sorry JTH, couldn't help myself :nuts
here's an updated chart of the NYSE:
The NYSE is now at an all time high, and has finally broken above the resistance line that's been in place since July 3 of last year. This also has the appearance of a possible inverted head and shoulders pattern.
As a side note, numerologists will especially like Friday's intraday high of 11111.41.
here's an updated chart of the NYSE:The NYSE is now at an all time high, and has finally broken above the resistance line that's been in place since July 3 of last year. This also has the appearance of a possible inverted head and shoulders pattern.
As a side note, numerologists will especially like Friday's intraday high of 11111.41.
MrJohnRoss
Well-known member
Perhaps. We'll soon find out if <scratch that> when the indicators start changing direction.
MrJohnRoss
Well-known member
Since we're in the final week of the month, I decided to utilize my 2nd IFT to return to the I Fund. The relative strength graphs of I vs C and I vs S are showing that strength has returned to international equites. Not sure how much gas is left in the equites tank before a pullback, but I don't mind switching horses for the final stretch.
Good luck!
Good luck!
I also moved 100% "I" fund. Not because of your great reasoning (I like it) but just playing a huntch.
MrJohnRoss
Well-known member
If you have a brokerage account, one of the best ways to capitalize on this bull market is to use leveraged ETF's. For example, with the Nasdaq performing so well this month, TQQQ is a triple upside QQQ (top Nasdaq 100) ETF. Just checked it's return month to date... a nice gain of 22.64% so far this month.
MrJohnRoss
Well-known member
It's been a rough month for bonds. However, it looks to me like AGG might be putting in a short term bottom.
JTH
Well-known member
Don't worry, as long as I'm in the F-Fund, we still have a chance to convert that short-term bottom into a bear flag
Mcqlives
Active member
Don't worry, as long as I'm in the F-Fund, we still have a chance to convert that short-term bottom into a bear flag
Keep talking bad...
Today's score...
JTH = +.18% (F)
MCQ = -.205% (S and I)
...more days like today and you'll be hanging with that dancing banana while wearing a sombrero and sipping the good stuff.
JTH
Well-known member
It's all good, this is just a place to park money, with today's F-Fund gain of .33%, this leaves me down -.17% on the last position.
MrJohnRoss
Well-known member
Right on time...
MrJohnRoss
Well-known member
EFA closed up +o.o8%, and UUP closed down -0.20%. That should be a good omen for the I Fund. Perhaps we shall see a gain in the I Fund of +0.28.
$SPX closed lower by -0.08%, followed by AGG +0.07%, and $EMW up +0.20.
$SPX closed lower by -0.08%, followed by AGG +0.07%, and $EMW up +0.20.
MrJohnRoss
Well-known member
Stock Market Crash of 2016: The Countdown Begins - MarketWatch
"Let’s compare 2016 with earlier crashes: 2008 to 2000 to 1929, knowing all bulls drop into bears eventually. Basic cycles theory. And this next one will trigger losses bigger than 2000 and 2008. So bet against the house at your peril. Jeremy Grantham’s already on record predicting that “around the presidential election or soon after, the market bubble will burst, as bubbles always do, and will revert to its trend value, around half of its peak or worse.”
I'm quaking in my boots.
:why:
"Let’s compare 2016 with earlier crashes: 2008 to 2000 to 1929, knowing all bulls drop into bears eventually. Basic cycles theory. And this next one will trigger losses bigger than 2000 and 2008. So bet against the house at your peril. Jeremy Grantham’s already on record predicting that “around the presidential election or soon after, the market bubble will burst, as bubbles always do, and will revert to its trend value, around half of its peak or worse.”
I'm quaking in my boots.
:why:
MrJohnRoss
Well-known member
The McClellan Oscillator Summation Index (MOSI) is still climbing, but momentum is slowing (see below). The same can be said for the $TICK. It's been a great month, with the Dow up 1,059 points so far. But all good things must come to an end. My forecast for March is for this uptrend to run into headwinds pretty quickly. Let's hope I'm wrong.
MrJohnRoss
Well-known member
In another sign of slowing momentum, the uptrend line on the 60 minute chart for the S&P 500 that's been in place since Feb 9th was broken today.
I'm not making an exit, but I am making note of where the doors are...
I'm not making an exit, but I am making note of where the doors are...
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